Ethereum Reclaims $3,000 as Large Holders Accumulate $1 Billion During Price Dip

Ethereum has recovered above the $3,000 level after dropping below that threshold earlier this week for the first time since mid-July. Large-scale investors accumulated over $1 billion in ETH during the recent decline, according to 10x Research. The asset had peaked at $4,953 on August 24 before entering a prolonged downtrend.