So. Mai 26th, 2024

• Ethereum has seen an upwards push of 4% in the last couple of days as whales have displayed elevated levels of activity.
• On-chain analytics firm Santiment has recorded 611 whale transactions in the past day, the highest level since December 16th.
• The Ethereum whale transaction count has observed a surge in the past day, with 611 transactions taking place so far.

Ethereum has seen a significant surge in activity over the past few days as whales have been making more and more transactions. On-chain analytics firm Santiment has recorded 611 whale transactions in the past day, the highest level since December 16th. This is a significant development as whale transactions involve the movement of a large number of coins, and when enough of them take place close together, it can cause visible effects on the price of the crypto.

The data from Santiment also reveals that the Ethereum whale transaction count has observed a surge in the past day, with 611 transactions taking place so far. This is the highest level since the price of the crypto saw a sharp downward move and created a local bottom of around $1,160 on December 16th. This surge in whale activity could be indicative of a larger move in the price of Ethereum, as whales are known to make large trades that can cause significant fluctuations in the market.

As such, it is important to monitor the Ethereum whale transaction count closely over the coming days. If the value of this metric continues to remain high, it could indicate that the price of Ethereum could see a significant push upwards. On the other hand, if the whale transaction count falls back to lower levels, it could mean that the price of Ethereum will remain relatively stable.

In any case, it is clear that Ethereum has seen a significant surge in whale activity over the past few days. While it is still too early to determine what effect this will have on the price of the crypto, it is likely that it will be closely watched by investors and traders alike.

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