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Crypto

Ethereum Whale Purchase and ETF Inflows Boost Market Recovery

Guavy AI Editorial Team
Instruments
ETH
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A significant whale purchase of Ethereum has taken place, supporting market recovery efforts. According to reports, a large wallet acquired approximately 37,000 ETH ($1,901.47) in a short period.

The price of Ethereum currently stands at $1,912.62, remaining above its 50-day moving average.

Meanwhile, the net inflow of spot Ethereum ETFs reached $60.86 million per day, providing further support to market stabilization efforts.

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