Ethereum bears wiped out! Whales, Spot buyers return with $47 mln push

Ethereum is the second-largest cryptocurrency by market capitalization, currently valued at about $384.9 billion, yet it has suffered one of its steepest declines in recent months.

The asset has continued to trade below the $3,200 level for more than 20 days, as overall sentiment remained weak, and some investors exchanged the asset at lower prices.

However, current market behavior suggests that this trend could be changing soon