ETH Price: Fresh Wallet Scoops Up 29K Coins From Coinbase, What's Next?

Against the backdrop of Ethereum’s highly turbulent price action in recent days, a fresh wallet appears to have accumulated colossal amounts of ETH from Coinbase, causing a stir in the crypto community. Per insights offered by numerous on-chain trackers, it was pointed out that this fresh wallet accumulated nearly 29K ETH in the past 24 hours, glimmering hope for the coin’s future. Coupled with further whale accumulations recorded over the past day, this market data has ignited sentiments of a bolstered price action for Ethereum ahead. Here’s a closer look into the token’s recent cryptographic developments and price movements.