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Buy ETH? Tron Founder Remains Bullish Amid Whale Purchases
The Ethereum (ETH) price has been experiencing a significant downturn in recent months, with the daily chart showing a clear downtrend. As of April 16, 2025, transactions on the Ethereum network are currently costing just $0.168, which is the cheapest daily cost of making transfers since May 2, 2020.
Despite this bearish trend, Justin Sun, the founder of Tron (TRX), remains optimistic about the future of ETH. In a recent tweet, he stated that whales, or large-scale investors, are increasingly purchasing Ethereum, a sign that the market may be undervaluing the asset in the short term.
In light of this information, it’s crucial to evaluate the current state of the market and consider potential investment strategies for those considering entering the Ethereum market.
Source: https://www.coinspeaker.com/buy-eth-tron-founder-remains-bullish-amid-whale-purchases/
