The Ethereum network is witnessing a wave of remarkable activity by senior investors, as recent analytical data revealed a strong return of the digital currency whales to the purchase heavily, a sign in which some see the beginning of a positive shift in the price path despite the recent decline.
The return of whales .. more than 800 thousand ETH per day
According to the data of the “Glassnode” platform specializing in the Blockchain analysis, the whale governor – which includes between 1,000 and 10,000 Ethereum – has witnessed a noticeable increase in the size of the assets preserved over the past week, and this scope of possession is estimated at a value of 2.5 million dollars to $ 25 million, which makes this portfolio an influential component of the Etherism environmental system.
The most interesting is what happened on June 12 when the whales added about 871,000 Ethereum units to its portfolios, the highest daily flow that is recorded for this group of investors this year.
The total number of what this governor maintains increased to more than 14.3 million ETH, levels that have not been recorded in this size since 2017.
The traded box race adds an institutional dimension
The demand for ethereum is currently not limited to accumulation within the governor, but also extends to the traditional markets through the “Spot ETFS” boxes. Ethereum funds in the United States have registered the third highest net net net flow ever, where about 195,000 ETH units flowed to these boxes in just one week, which reflects an increased demand by institutional investors.
These funds are an easy option for those interested in investing in digital assets without the need to deal with cryptocurrency portfolios or traditional trading platforms, which enhances Etharium’s position as a digital asset capable of attracting various categories of investors.
The price is declining despite optimism
Despite the strong purchase indicators, the price of the Ethereum has witnessed a remarkable decline during the past few days. After its approach to the level of $ 2,700, the price returned to trading about 2,470 dollars, keeping the anticipation existing whether this bullish movement of whales and institutions will be reflected soon on the price actually.
