📢 #Gate广场征文活动第三期# 正式啓動!
🎮 本期聚焦:Yooldo Games (ESPORTS)
✍️ 分享獨特見解 + 參與互動推廣,若同步參與 Gate 第 286 期 Launchpool、CandyDrop 或 Alpha 活動,即可獲得任意獎勵資格!
💡 內容創作 + 空投參與 = 雙重加分,大獎候選人就是你!
💰總獎池:4,464 枚 $ESPORTS
🏆 一等獎(1名):964 枚
🥈 二等獎(5名):每人 400 枚
🥉 三等獎(10名):每人 150 枚
🚀 參與方式:
在 Gate廣場發布不少於 300 字的原創文章
添加標籤: #Gate广场征文活动第三期#
每篇文章需 ≥3 個互動(點讚 / 評論 / 轉發)
發布參與 Launchpool / CandyDrop / Alpha 任一活動的截圖,作爲獲獎資格憑證
同步轉發至 X(推特)可增加獲獎概率,標籤:#GateSquare 👉 https://www.gate.com/questionnaire/6907
🎯 雙倍獎勵機會:參與第 286 期 Launchpool!
質押 BTC 或 ESPORTS,瓜分 803,571 枚 $ESPORTS,每小時發放
時間:7 月 21 日 20:00 – 7 月 25 日 20:00(UTC+8)
🧠 寫作方向建議:
Yooldo
Ethereum Whales Go On 9-Day Accumulation Spree: ETH Price Rally Incoming?
The price of Ethereum has been on a steady and monumental rise in the past few weeks, and the last seven days have not been much different. The altcoin breached the $2,100 mark on Friday, November 24, with its sights now set on new yearly highs.
Interestingly, a recent on-chain revelation has shown what could be behind the latest ETH price surge while offering insights into the future prospects of the cryptocurrency.
On-Chain Data Shows Whales Continue To Buy ETH
Renowned crypto analyst Ali Martinez, in a post on X, revealed that Ethereum whales have been active in the crypto market over the past few days. According to on-chain data from Glassnode, ETH whales have been accumulating the altcoin for nine consecutive days.
Ethereum whales increase balance for nine days in a row | Source: Ali_charts/X
Notably, Martinez highlighted that this is the first 9-day accumulation spree in over nine months. Furthermore, the crypto analyst noted that “the increasing buying pressure could be a strong signal for ETH bullish price action.”
Changes in whale accumulation are often closely monitored in the cryptocurrency space because of how large crypto holders can influence the market dynamics. The steady buying pressure displayed by Ethereum whales over the past nine days suggests a growing optimism amongst this class of investors.
Another analyst offered a similar on-chain perspective to the growing accumulation by Ethereum whales. The crypto pundit revealed – via a post on X – that the 200 largest Ethereum wallets now hold a collective 62.76 million ETH (worth about $132.1 billion).
According to data provided by Santiment, this whale class has accumulated 30.3% more coins since November 21, 2022. Additionally, these 200 largest Ethereum addresses hold about 52% of Ether’s circulating supply
Ethereum Price – Where Next?
While Ethereum’s price broke above the $2,100 mark on Friday, it has since retraced below the price level. However, there is much optimism around a continuous upward movement for ETH, especially as it still trades above the significant $2,044 resistance zone.
Many investors might want to keep an eye on the cryptocurrency’s price action by the end of the week, though. According to an analyst, a close above $2,130 on the weekly timeframe will be pivotal for Ethereum’s price trajectory.
As of this writing, ETH is currently valued at $2,086, reflecting a negligible 0.2% in the past 24 hours. Nevertheless, the cryptocurrency has managed to maintain most of its gain on the weekly timeframe, having swelled by more than 8% in the last seven days.
Ethereum price revolves around the $2,100 mark on the daily timeframe | Source: ETHUSDT chart on TradingView
Featured image from Unsplash, chart from TradingView