Ethereum Whales Pick Up The Pace While ETH Nears $3000 For The First Time In Weeks ⋆ ZyCrypto - BitcoinEthereumNews.com
विज्ञापन Ether whales have driven ETH to near $3000 for the first time in a while. The asset surged by 15% over the last week to recoup some of the gains that it lost since the start of March. Retail investors are unable to match the pace of the whales. Whale activity has become a source of concern for Ethereum developers in recent days. Despite this, $3K is within the crosshairs for the asset class. Whales Carry Ethereum To Almost $3,000 The second-largest cryptocurrency is on the cusp of hitting $3000 again after a torrid couple of weeks. At press time, the asset was trading at the $2,846 mark and the surge towards surpassing the resistant point could be key for the asset to reach new highs. On-chain data is indicative of a pattern of whale activity surging in tandem with ETH prices. Over the weekend, whale activity on the Ethereum network topped $8 billion which makes it the highest level since February 24th. As ZyCrypto reported yesterday, Ether outflows from exchanges have been topping new highs with nearly 200,000 ETH withdrawn from major crypto exchanges in a day. On the flip side, retail investors have dragged their feet after failing to match the enthusiasm of whales. These retail