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Ethereum (CRYPTO: ETH) is showing signs of a short-term rebound after recent weakness, while on-chain data suggests a wallet possibly linked to Arthur Hayes purchased ETH.
Hayes Loading ETH?
In an X post on June 15, blockchain tracker Lookonchain reported that a wallet possibly linked to Hayes received 3,000 Ethereum, worth approximately $5.42 million, from Flowdesk.
The transaction comes as Ethereum attempts to recover from a sharp decline, with traders watching whether the bounce can extend into a key resistance zone.
Over the past month, Ethereum has lost around 16% while the past week witnessed a 8% jump.
During the last week, Arthur Hayes laid out the case why Bitcoin
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