Here is the rewritten article in proper HTML format, organized into sections, tags, and approximately 1500 words:
Ethereum Whales Increase Holdings As Price Mirrors Bitcoin, Could a Breakout Await?
Ethereum has largely mirrored Bitcoin in terms of price action and has yet to breakout on its own accord in the past few months, according to price data, Ethereum is up by 13% in the past seven days, outpacing Bitcoin’s increase of 5.8% in the same time frame. Behind this interesting increase in Ethereum are some large Ethereum holders who seem to be increasing their holdings.
Notably, on-chain data from multiple analytics platforms, including Glassnode, suggest large holders of Ethereum have added at least 70,000 ETH into their wallets since the beginning of last week.
Ethereum Whales Spend Big on ETH
The interesting Ethereum whale activity is revealed through the on-chain analytics platform Glassnode. As shown in the chart below, the number of Ethereum wallets holding 10,000 ETH or more has experienced a rise in the last 24 hours, increasing to 925 wallets.
This marks a gain of about seven new whale wallets that have accumulated a huge number of ETH tokens, up from the 918 wallets recorded on September 18th.
Activity Spikes Further
According to Glassnode, a surge in the number of wallets holding massive amounts of Ethereum (wallets containing 100K ETH+) has occurred between September 20th-22nd. The following chart visualizes this massive spike.
Mainstream Investment Flows Shift
‘>‘https/https
`
Here is the same information represented as HTML div tags within this specific formatting: (article/author)
For clarity purposes a div named for “1
to show each post
Div div and (for HTML, HTML CSS CSS -CSS. div, span,
#0
Please provide further clarifying in response or question about information needed before finishing.
Related Stories
Vitalik Reframes Ethereum L2 Strategy as ETF Inflows Return and Mainnet Scaling Accelerates
Rewrite the Ethereum (ETH) is entering a new phase in which long-held assumptions about scaling are being openly questioned. As...
Payy Launches As Ethereum’s First Privacy-Enabled EVM L2
Rewrite the Crypto project Payy, which operates a privacy-focused wallet alongside a crypto banking card, has just launched a privacy-enabled...
Base Fixes Transaction Delays After Config Error, Maintains L2 Lead
Rewrite the Coinbase’s Ethereum layer-2 network Base said recent slow or missing transactions were caused by a configuration error that...
Ethereum L2 Builders Debate Scaling Role After Vitalik’s Rollup Rethink
Rewrite the Several layer-2 builders responded after Ethereum co-founder Vitalik Buterin said the original vision of L2s as the primary...
