Bittime - Whales are making a splash in the Ethereum market as they continue to accumulate large amounts of the popular cryptocurrency. In the past 14 hours, the two leading whales have made large purchases, adding approximately $35.11 million in stablecoins to gain a combined 10,322 ETH. These large transactions play an important role in moving the price of Ethereum and reflect the bullish sentiment among large investors.
Big Whale Purchase
One notable transaction involved eight wallets, likely controlled by a single entity, that spent $20.86 million in USDT to purchase 6,145 ETH at an average price of approximately $3,395. These large purchases have provided a boost to Ethereum's upward price momentum. Another prominent whale, identified as 0x5e9, invested $14.25 million in DAI to acquire 4,178 ETH at an average price of around $3,410 about 14 hours ago.
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Whale Investment Strategy
Whale 0x5e9 had previously realized huge profits of $7.48 million from one ETH trade and one WBTC trade. This shows a smart investment strategy and high confidence in Ethereum's potential for further appreciation.
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Whale New Activity 0x65D
Onchain analysis by The Data Nerd highlights recent activity involving whale 0x65D. They just deposited a huge amount of 9,956 ETH (equivalent to about $34 million) into Coinbase just 30 minutes ago. Five days earlier, whale 0x65D had accumulated these Ethereum holdings from Coinbase, with an average entry price of $3,308 per ETH.
Tren Pasar Ethereum
With the latest price around $3,427.60, the Ethereum market is showing signs of neutrality. The 1 Day RSI reading of 49.22 indicates a potential bullish or bearish move in the near term. However, the 1-Day MACD and KST indicators signal a short-term bearish trend, with both trading below their respective signal lines.
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How to Buy Crypto With Bittime
You can buy and sell crypto assets in an easy and safe way through more . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets at more, make sure you have registered and completed identity verification. Apart from that, make sure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can buy crypto assets in the application.
Learn How to Buy Crypto on Bittime.
Monitor the movement of the price chart Bitcoin (BTC),Ethereum (ETH), Solana (SUN) and other cryptos to find out current crypto market trends in real-time on Bittime.
DISCLAIMER: This article is informative and does not constitute an offer or solicitation to sell or buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in crypto asset exchange rate fluctuations.
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