As the price of Ethereum fell more than 5% on Monday, some strategic investors see this as a golden opportunity to accumulate more ETH at advantageous costs.
Ethereum Whales accumulate more
In a context of a general decline of more than 5% over the last 24 hours, Ethereum (ETH) has undergone a notable correction. Rather than panic, investors are showing impressive resilience by capitalizing on lower prices.
According to data from Lookonchain, a savvy whale just deposited $55 million USDT on Binance, signaling a clear intention to acquire more $ETH during this downturn.
This strategic movement is not isolated, because this same whale, initially adept at swing trading on ETH, had sold a significant quantity of tokens in November. After a month-long hiatus, this smart whale returns to the market, suggesting a long-term view and renewed confidence in Ethereum’s upward trajectory.
These deliberate actions by institutional investors indicate careful analysis of the market and optimism about Ethereum’s ability to recover.
A temporary correction that does not call into question the fundamentals
In another positive note, DWF Labs, a major player in the crypto market, recently revealed its largest ETH accumulation in the last two months.
In an obvious tactical move, DWF Labs transferred no less than 280 ETH ($626,000) from the Bitfinex platform just a few hours ago, revealing its firm commitment to a longer-term holding strategy vis-à-vis of the Ethereum token.
This strategic accumulation highlights the continued confidence of major market participants in the long-term stability of Ethereum, even during periods of temporary correction.
Meanwhile, several analyzes predict that Ethereum, at current prices, remains undervalued relative to its strong fundamentals and the current trend in the crypto market, dominated largely by Bitcoin.
In short, these positive elements should not make us forget the risks inherent to cryptocurrencies. As the well-known adage reminds us: “Never invest more than you are willing to lose”.
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