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Ethereum's price has taken a hit due to ongoing outflows from exchange-traded funds (ETFs), but there's some good news for the cryptocurrency as whales start buying up assets at risk of liquidation.
The recent price dip has been attributed to several factors, including the ongoing ETF outflows and a decrease in demand for Ethereum-based assets.
However, in a rare display of market resilience, the price of Ethereum has shown signs of stabilizing, and several whales have taken advantage of this dip by buying up assets at discounted prices.
Ethereum Prices Dip Amid Ongoing ETF Outflows, But Whales Are Buying Up Assets at Risk of Liquidation. Pluang