Crypto
Ethereum Price Surges 32.8% in August as Whale Wallet Moves $248.6 Million
Ethereum's price has risen by 2.25% in the last 24 hours, reaching $2,471.16 at press time. This follows a strong month for the token, which gained 32.8% over August.
The current price is holding above the middle line of its 20-day Bollinger Bands, sitting at $2,247.57. Staying above this line is generally seen as a sign of underlying strength in the market.
A large whale wallet, address 0xF626, has moved 102,913 ETH worth $248.6 million, sending part of it to exchanges. This movement could add selling pressure if more Ethereum follows the same path to exchanges.