Encrypted Whale Accumulates on EthereumETH on chain analysis shows that on November 4th, a cryptogiant whale made a remarkable move by depositing 31.8 million USDT into Coin Security, but within a few hours, 8698 ETHs were extracted, valued at approximately $15
Encrypted Whale Accumulates on Ethereum
ETH on chain analysis shows that on November 4th, a cryptogiant whale made a remarkable move by depositing 31.8 million USDT into Coin Security, but within a few hours, 8698 ETHs were extracted, valued at approximately $15.94 million. However, it is worth noting that this action has not only occurred once.
Ethereum price performance.
Just two days ago, on November 2nd, after Ethereum prices surged, this giant whale also sent 24495ETH, equivalent to $45 million, to Coin An. After this move, it obtained a huge profit of approximately $5.47 million.
According to LookOnChain, the trading history of the Ethereum Whale is commendable. Since February 12th, there have been 8 transactions, of which 7 have been profitable. This is equivalent to a winning rate of 87.5% and a cumulative profit of over 13 million US dollars. These actions emphasize a broader narrative that despite recent price fluctuations, Ethereum still has the potential to bring profits to those who know when to buy and sell.
Ali Martinez, the global news director of BeInCrypto, gave a positive review of this story. Martinez pointed out significant resistance when referring to the online data of IntoTheBlock. Martinez said, "You may need to wait for ETH to break through the huge supply wall of $1960 in order to achieve an upward trend breakthrough
ETH on chain analysis shows that 1.14 million addresses purchased nearly 33 million ETHs at this price. Therefore, it becomes a hard wall and creates many obstacles that need to be overcome.
IPMAP data
The recent buying and selling activities of this smart giant whale are completely consistent with the prediction that Ethereum prices will overcome this resistance level. The meticulous actions of this shrewd investor highlight their confidence in the price trajectory of Ethereum. This may also be a subtle change in cryptocurrency market strategy and timing, with each decline and growth potentially heralding insightful opportunities# BTC # # Ethereum#
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