Finance news
Author: Sohrab Khawas
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he’s trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he’s not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
Jun 10, 2024 17:55
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he’s trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he’s not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
On Thursday, large ETH holders recorded a net inflow of 267,000 $ETH, the highest daily accumulation since March. This significant move indicates strong confidence among major investors despite the current minor pullback. ETH is trading at $3,674, reflecting a phase of consolidation. The substantial accumulation suggests that large holders anticipate further price appreciation, reinforcing a bullish outlook for Ethereum.
