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Ethereum Price Heads toward $5k: Whales Inject $2 Billion Within 5-Days of ETF Approval
Ethereum price surged above $3,850 twice in the last 48-hours, as bullish investors front-run influx of funds into the newly-approved ETH spot ETFs. On-chain data analysis explores how whale investors are positioned for the next market phase. Ethereum Whales Invest $2 Billion in 5-days: On May 23, US Securities and Exchange Commission (SEC) approved spot Ethereum ETF for trading in the United States regulated markets, sending seismic shockwaves across crypto markets last week. After an initial 29% 3-day rally to a 40-day peak of $3,945, ETH price briefly retraced towards $3,556 level after the SEC’s official ... (full story)