Why is Ethereum surging? ETH jumps 6% as whales accumulate

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The cryptocurrency market has switched bullish, with Bitcoin and Ether recording excellent gains in the last 24 hours. Ether, the second-largest cryptocurrency by market cap, is up by more than 6% in the last 24 hours and is now trading above $2,250 per coin. The rally comes after a ceasefire agreement between the United States and Iran. Whales continue to accumulate more Ether tokens, suggesting a breakout above key levels in the near term. Whales increase Ether accumulation Ether is up by nearly 7% in the last 24 hours, fueled by the ceasefire deal in the Middle East and increased whale accumulation in recent days. Whales or wallets holding 10,000-100,000 ETH accumulated 230,000 ETH over the past few days.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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