According to the on -chain data, Ether Lee Rium Whale has participated in some notable purchases.
Ether Leeum Whale has been added to their shares.
As the analyst Ali Martinez explained in X's new post, the supply of Ether Leeum Whales has recently risen. Interesting Chain Metric here is the “supply distribution” of the analytical company Santiment, which informs the total amount of the assets held by a given wallet group.
The address or investor is divided into such cohorts, depending on the number of balanced coins. For example, 1 to 10 coin cohort contains all holders between 1 to 10 ETH.
In the context of the topic, the whale group is focusing. The range of this cohort is usually defined as 10,000 to 100,000 ETH. At the current exchange rate, the lower limit is $ 26.2 million, and the top is $ 262 million.
Therefore, the only investor who is qualified in the group can make a lot of money. Since these holders can have some impact in the market, it is worth monitoring the actions represented by the distribution of supply.
The charts shared by Martinez, which shows the trend of supply distribution of Etherrium whales over the last few weeks, are as follows.
The value of the metric appears to have shot up in recent days | Source: @ali_charts on X
As shown in the graph above, the distribution of Etherrium supply of 10,000 to 100,000 coin investors suggests that these holders have recently participated in the net accumulation.
Overall, the whale added 200,000 ETH (about $ 555 million) to the retention along with this purchase. This is a considerable amount, and some large holders believe that cryptocurrency is worth purchasing at the current price. But whether this bet will pay for this investor.
In other news, there is a powerful accumulation area for $ 2,500, as the whole chain analysis company Glassnode pointed out in the X Post.
The trend in the Cost Basis Distribution of ETH over the last few months | Source: Glassnode on X
The chart above shows data about the Ether Rim Cost Stepsulive Distribution Column Map. The indicator is an indicator of how much the supply of assets was purchased at the price level.
GlassNode said, “ETH's cost-based distribution heat map shows one of the most powerful accumulation areas in a few months. It shows ~ $ 2.5K.” ETH with more than 3.45m has a cost of $ 2,513-$ 2,536 and strengthens this level into a major support area.
ETH price
At the time of writing, Ether Lee is a $ 2,600 deal in the last 24 hours.
Looks like the price of the coin has seen a surge over the past day | Source: ETHUSDT on TradingView
DALL-E, GlassNode.com, Santiment.net's main image, TradingView.com chart
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