Massive Ethereum Buy Spree Signals Bullish Momentum Amidst Price Dip

Despite experiencing significant price drops, Ethereum has seen a surge in buying activity from large traders. CryptoQuant analyst Maartunn reports over $557 million worth of ETH purchased in just an hour on August 29th, indicating that bulls are still active despite the market downturn. This activity is attributed to investors taking advantage of price dips to acquire more Ethereum as a long-term investment strategy.