Ethereum (ETH) gathered 5% to more than $3,500, driven by substantial whale deals and high expectations of the confirmation of the Ethereum ETF on July 8. Notably, Abraxas Capital withdrew 60,000 ETH (equal to $ 203 million) from Bitfinex, which made other market participants of the XR board even more enthusiastic. This action has set the stage for a 4% price rise, which has brought the trader who has not realized his gains a profit of about $6.5 million. As Ethereum ETFs gain regulatory traction, investor sentiment is buoyed, reflecting optimism for sustained price growth.
Ethereum Price Soars 5% as Whale Activity Surges Ahead of ETF Approval
