Analytics Firm Reveals That Whales are Starting to Accumulate Ethereum

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Ethereum has seen some turbulence throughout the past day thanks to its close correlation with Bitcoin While ETH was able to set a fresh post-2017 high yesterday evening, it lost its momentum and has since slid lower It is still showing some signs of strength, however, and where it trends in the mid-term will undoubtedly depend on Bitcoin Despite some uncertainty regarding its short-term outlook, so-called “whales” appear to be confident that upside is imminent Data from an analytics firm shows that this body of investors is starting to accumulate the cryptocurrency In total, there are now 39 more addresses holding 10,000+ ETH than there were just two months ago This is a sign that large buyers are beginning to take larger stakes in the cryptocurrency Ethereum is currently in the process of sliding lower following a rejection in the mid-$750 region seen last night. The selling pressure here was…

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