Major ETH purchase amid the end of the 'crypto winter'
According to Cointelegraph, one of the largest Ethereum holders, known as thomasg.eth, purchased $19.5 million worth of Ethereum (ETH) this month.
This event is happening against the backdrop of statements by BitMine analyst Tom Lee, who believes that the 'crypto winter' has come to an end and a new period of growth in the cryptocurrency market is beginning.
Thus, it seems that large investors, the so-called 'whales', have already begun to actively build up their positions in Ethereum, counting on a further rise in the price of the second-largest cryptocurrency by market capitalization.
Experts note that such large transactions by 'whales' can serve as a signal for smaller investors about the approach of a new 'bullish' trend in the cryptocurrency market.