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Following the whale’s transaction, Ethereum saw a substantial surge in its price. ETH’s value moved swiftly from $3,190 to $3,445 in just six hours, marking an Hace 3 días Ethereum ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B has been gaining momentum, now trading at $2,639 after rising 1.5% in the past 24 hours. Ether has come out of its months-long stagnation with a sudden 17% surge to $2,249, driven by bold whale activity. ETH jumped 17% in 24 hours, breaking past the According to SPOTONCHAIN's data, an Ethereum whale has purchased 58,134 ETH and 1Inch from Binance over the past three days. The whale spent almost $ 166 million, about $ 2,850 Ethereum is experiencing a surge in accumulation by whale investors according to recent on-chain data and transaction alerts. Major transfers have been detected An Ethereum (ETH) whale has supposedly done a colossal investment, acquiring ETH worth $166 million in just three days. According to a recent update from Spot On Chain, the anonymous The details shared by Spot On Chain highlight that the whale's latest acquisition involved a hefty sum of 10.01 million USDT to purchase 3,413 ETH at an

Ethereum Whale Buys $166 Million ETH as Prices Rise – Is $4K Next?

Ethereum (ETH) is buzzing! An Ethereum whale has supposedly done a colossal investment, acquiring ETH worth $166 million in just three days. According to a recent update from Spot On Chain, the anonymous investor has been actively accumulating large quantities of ETH.

Whale Accumulation Fuels Ethereum Price Surge

Ethereum is experiencing a surge in accumulation by whale investors according to recent on-chain data and transaction alerts. Major transfers have been detected, indicating strong bullish sentiment amongst large holders. According to SPOTONCHAIN's data, an Ethereum whale has purchased 58,134 ETH and 1Inch from Binance over the past three days. The whale spent almost $166 million, about $2,850 per ETH.

The details shared by Spot On Chain highlight that the whale's latest acquisition involved a hefty sum of 10.01 million USDT to purchase 3,413 ETH at an average price.

ETH Jumps on Whale Activity: $4K Target in Sight?

Ether has come out of its months-long stagnation with a sudden surge, driven by bold whale activity. ETH jumped 17% in 24 hours, breaking past the $2,200 resistance. Following the whale’s transaction, Ethereum saw a substantial surge in its price. ETH’s value moved swiftly. Ethereum ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B has been gaining momentum, now trading at $2,639 after rising 1.5% in the past 24 hours. from $3,190 to $3,445 in just six hours, marking a significant jump.

With this massive accumulation by a significant Ethereum whale, many investors are speculating if this is the catalyst needed to push ETH to $4,000 and beyond. The increased buying pressure and renewed market confidence could very well propel Ethereum to new heights.

Will Ethereum Reach $4,000? Factors to Watch

While the whale's activity is a positive sign, Ethereum's price reaching $4,000 will depend on several factors, including:

  • Overall Market Sentiment: The general health of the cryptocurrency market plays a crucial role.
  • Regulatory Developments: Favorable regulations can boost investor confidence.
  • Ethereum Network Upgrades: Continued improvements to the Ethereum network, like the upcoming upgrades, can enhance its appeal.

Keep an eye on these key indicators to gauge the likelihood of Ethereum reaching the coveted $4,000 price point.

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