Ethereum

2024

Million

Coin

<ul class="news-points">
 <li><strong>Whales purchased 240,000 ETH during a price drop, spending $840M, showing strong faith in Ethereum’s future.</strong></li>
 <li><strong>Ethereum-based apps make revenues similar to public companies, highlighting its move towards mainstream use.</strong></li>
 <li><strong>Ethereum’s price is steady at around $3,650, with crucial support at $3,450 and the potential for a rise if it goes above $3,660.</strong></li>
</ul>
<p>Ethereum (ETH) is showing strength in the volatile crypto market, according to crypto analyst Ali. Large investors, known as whales, recently purchased over 240,000 ETH during a price dip. This significant purchase, valued at around $840 million, demonstrates strong confidence in Ethereum’s long-term value and its crucial role in the global crypto ecosystem.</p>
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   <p lang="en" dir="ltr">Whales have bought over 240,000 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> during the recent <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Ethereum</a> price dip, totaling around $840 million! <a href="https://t.co/j5jnxJul4q" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/j5jnxJul4q</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1800833424770621888?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 12, 2024</a>
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<p>Crypto applications built on the Ethereum blockchain are <a href="https://coinedition.com/ethereum-adopts-strategies-to-strengthen-blockchains-decentralization/" rel="noopener noreferrer nofollow">generating revenues</a> comparable to those of several public companies. This highlights the innovation, resilience, and vision driving the global crypto industry. These applications are becoming integral to daily financial and digital activiti…</p>
<p>The post <a href="https://coinedition.com/whales-go-on-buying-spree-snapping-up-840-million-in-eth/" rel="noopener noreferrer nofollow">Whales Go on Buying Spree, Snapping Up $840 Million in ETH</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Whales Go on Buying Spree, Snapping Up $840 Million in ETH

Coin Edition

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