A major whale built up a position aggressively intraday, spending a total of $65.61 million to buy 28,600 ETH. After the news broke, I watched the large orders first, then the price.
Looking at the longer term, this is a positive; whether prices rise in the short term still depends on capital flows. I pay more attention to what on-chain addresses do—actions speak louder than words.
$ETH , 24h +0.84%.