Ether ETFs are on track to reach $500 million in net outflows, but according to market analysts, the ETH bottom may be in.
Ether whales, or large holders, are accumulating the world’s second-largest currency, which, according to market analysts, could be near its local price bottom.
Ether whales have accumulated over 200,000 Ether (ETH) during the past four days, which is worth over $540 million, according to CryptoQuant data shared by popular analyst Satoshi Sniper in an Aug. 26 X post.
Ethereum: Balance by holder value. Source: Satoshi Sniper
