Whale Buys $187 Million ETH, Signaling Bullish Outlook

Whale Accumulation

  • An Ethereum whale has purchased 64,501 ETH in the past three days, worth roughly $187 million.
  • The whale acquired 13,526 ETH at an average price of $2,947 per ETH, adding to their substantial holdings.
  • The whale withdrew 10,136 ETH from Binance while purchasing 3,390 ETH from 1inch.
  • The whale’s wallet holds a total of 91,321 ETH, approximately $49.8 million worth of USDT, and 5,485 STETH, totaling an estimated $334 million.

Ethereum’s Price Action and Expert Sentiment

  • Ethereum has continued to show bullish momentum, trading up by nearly 6% over the past week.
  • Despite briefly surpassing $3,000, Ethereum has retraced slightly in the past 24 hours, trading around $2,900 at the time of writing.
  • Industry experts remain optimistic, with Stefan von Haenisch of OSL SG Pte in Singapore noting Ethereum’s potential to outperform Bitcoin in the coming months.
  • MichaĆ«l van de Poppe, CEO of MN Trading, forecasts a potential surge for Ethereum to $3,800 to $4,500 shortly.