$ETH survived the crypto crash we saw in the last week and even managed to gain back some of the value lost, but large investors are not yet ready to support the cryptocurrency
despite going through one of the strongest sell-offs in the asset's history following the liquidations of large institutional investors like 3AC, Celsius and others.In the last eight days, Ethereum hasgained around 40% to its value if we measure the current rally's result from the absolute bottom reached back on June 18.
Such strong growth was most likely fueled by a concentration of"buy" orders of $900.is enjoying a nice weekend rise, and the #2 market cap asset's price is now up +30% in the past week. It appears there is quite a bit of profit taking on this mid-sized bounce, and the low whale activity indicates it isn't coming from them.
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