Crypto
ETH Whales Accumulate 260K Tokens Amid Strong ETF Inflows
Ethereum (ETH) whales have been accumulating tokens in recent days, reversing their prior selling trend. According to CryptoQuant analytics, addresses controlling between 10K-100K ETH acquired a total of 260,000 tokens starting from Saturday.
This accumulation comes as spot Ethereum ETFs in the US recorded their fourth consecutive session of positive net flows, totaling $104.6 million on Wednesday. BlackRock's ETHA product dominated with $50.8 million in inflows that day.
The critical support zone between $2,560-$2,600 faces a retest after converting from resistance, as highlighted by market analyst @CryptosBatman. This region previously functioned as overhead resistance and has undergone multiple support validation tests.