Ethereum Price Clears $2,700 Behind Two Whales Pouring $106M Into ETH
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CryptoPotato
Cryptocurrency News | Cryptocurrency Prices | Market CapEthereum Crosses $2,700: Bull Trap or the Start of a Major Rally?
Despite the surge, some expect ETH to plunge below $1,500 in the short term.
Ethereum Price Clears $2,700 Behind Two Whales Pouring $106M Into ETH
Two ether whales have committed a combined $106.4 million to ETH over five days, and the second-largest crypto asset just traded above $2,700 for the first time since Jan. 31. The Rotation That Hasn’t Stopped Over the past five days, a whale sold 1,107 BTC worth $86.76 million on Hyperliquid, bought 34,422 ETH worth $86.5 […]
🚨 A large whale bought and staked approximately $86.5 million worth of ETH by selling Bitcoin. 📈 The transaction came after stronger price performance seen on the $ETH side in the last session. 🧭 While Bitcoin is stuck between $81,500 and $82,000 resistance, Ethereum is approaching the $2,700 threshold. 📊 Although a single transaction does not determine the direction of the market, it made the divergence between the two assets visible. Read …
According to ChainCatcher, on-chain analyst Ember monitored a large whale that transferred 40 million USDC to Binance in the past hour and subsequently withdrew 7,567 ETH from Binance, worth $20 million. This same whale had previously bought $21 million worth of ETH on July 21st and sold it on August 21st, making a profit of $3.7 million.
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