Update
Ethereum Whales Accumulate as ETF Outflows Pressure Support
An Ethereum ICO address purchased 2,221 Ether worth $4.99 million over eight hours. Whales acquired more than $42 million in Ethereum as ETH tested the $2,172 support level. A single Ethereum whale wallet purchased 8,773.5 ETH worth approximately $19.7 million, according to blockchain analytics firm Arkham, amid bearish momentum in Ethereum markets. US spot Ethereum ETF outflows reached $365 million, intensifying selling pressure in Ethereum markets.