Rapid Ethereum Accumulation Takes Place as Price Retakes $400

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Ethereum has undergone a strong rally to $406, up 8% in the past 24 hours. ETH is slated to move higher as there seems to be a trend of accumulation taking place amongst Ethereum investors. Per new data, 250,000 ETH has been siphoned off of Binance in the past 24 hours, which is 10% of the exchange’s holdings. Strong Ethereum Accumulation Taking Place: Data Ethereum has undergone a strong rally over the last day on the back of news regarding ETH2 and Serenity. ETH currently trades for $406, up around 8% in the past 24 hours alone. The coin is now outperforming Bitcoin, which has also undergone a surge in the past day. ETH is slated to move higher as there seems to be a trend of accumulation taking place amongst Ethereum investors. A crypto-asset analyst shared the data seen below amid ETH’s move higher, noting that accumulation is taking…

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