Ethereum Price Analysis: Whales Buy 500K ETH, $3,000 next?

Ethereum (ETH) price has recovered 23% from the August 5 bottom of $2,111. The recent Bitcoin (BTC) price recovery is the primary driver of ETH’s bounce. Additionally, whales seem to be buying ETH on recent slumps as well. The US CPI came in cooler than expected and added credence to the Fed’s dovish decision to cut interest.