Key Notes

Arkham Intelligence identified four connected whale addresses purchasing $357.24 million ETH from institutional broker FalconX.

Spot Ethereum ETF inflows reached $1.83 billion over five trading sessions alongside broader institutional crypto adoption.

ETH tests critical support at $4,747 near 50-period EMA, with potential bottom formation since August 26 whale activity began.

Four crypto whales have scooped up over $350 million of Ethereum’s native token, ETH, in the past two days, raising questions about what it means for its price. Whale is a moniker for large investors with the capacity to allocate huge sums, which can often directly influence the market’s direction.

Precisely, an Arkham Intelligence analyst spotted four addresses with similar patterns and time schedules

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