Institutional Investors Accumulate 1,03M ETH Worth $4,17B

Over the past month, large investors and companies have accumulated more than 1,035 million Ethereum worth $4,167 billion. Interestingly, the large-scale purchases coincided with the leading altcoin’s price rising from $2600 to over $4000.

According to analyst Ember CN, the accumulation took place through exchanges and large trading platforms, with buyers paying an average of about $3546 per ETH.

Ember CN suggested that most of the addresses belong to US institutions or public companies that are holding reserves in the altcoin.

For the last week эфириум rose in price by 25,42%. At the time of writing, the leading Altcoyin traded at $4243, up almost 4,7% in XNUMX hours.

However, analyst Michael van de Poppe cautioned against buying ETH at current levels. He also called the move “insane,” believing that prices have “jumped over the top.”

Poppe suggested that such a situation could lead to a “big breakout to all-time highs,” but recommended instead distributing funds within the ecosystem Ethereum.

Buying $ETH at such heights is too risky. I think it is wiser to distribute funds within the ETH ecosystem, as this should bring higher returns, the analyst wrote.

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