The post Whales Activated: A Massive Breakout in the Ethereum (ETH) Price is on the Horizon appeared first on Coinpedia Fintech News

As the Bitcoin price has found a strong support base around $37,500, the altcoins are trading cool-headedly. Ever since Ethereum recovered the massive drop from $2021 to $1932 a few days ago, it has been closing the day’s trade above $2000 constantly. The growing strength among the bulls appears to have induced confidence among the whales, who have been increasing their activities off-let.

A huge bullish signal has been let out for the ETH price as the big players appear to have turned optimistic about the token’s upcoming trend. As per the data released by a popular blockchain tracker and interesting on-chain transaction reporting system, Whale Alert, nearly 100K ETH has been removed from exchanges to unknown wallets.