According to CoinJournal, Ethereum (ETH) is trading above $3,500 after a key whale added over $1.38 billion worth of ETH to their wallet in the last ten days. The whale also borrowed $270 million from Aave to potentially expand their position, now holding 228.39K ETH in loaned positions and 157.32K ETH in direct holdings. The price dropped to $3,470 but has since bounced back, with analysts suggesting it could reach $3,900 if the recovery continues.
Ethereum Whales Add $1.38 Billion in ETH Amid Price Recovery Above $3,500
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