As Ethereum Walks To $2000, Whales Start Moving!

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Ethereum, managed to surpass $ 1900 in the early hours of Asian markets. ETH price follows Bitcoin price gains as hopes flare for the US to raise the debt ceiling.

Technical indicators, on the other hand, suggest that a rise to $2000 is possible for the price. Analyst Ali Martinez interpreted the data and made his estimation. shared.

Ethereum formed a key support level between $1,786 and $1,839, where 3.54 million addresses bought 8.85 million ETH. Still, it is facing stiff resistance near $2,063 – $2,120, where 823,540 addresses previously bought 24 million ETH.

ethereum analysis

Ethereum (ETH) has risen since the beginning of 2023, following the price of Bitcoin. As of now, ETH is trading with 60% gains since the beginning of the year.

Immobilized Ethereum Wallet Awakens

In an interesting development, an Ethereum (ETH) wallet has become active eight years after the ICO in 2015. According to Lookonchain data, this dormant wallet moved a total of 8,000 ETH in minutes last weekend.

During the ICO period, the wallet received a total of 8,000 ETH and did not move until May 27. Last Saturday, the owner of the wallet first made an alert transfer of 1 ETH. But a minute later, the owner transferred a total of 7,999 ETH to the new wallet address.

The total value of the assets in the wallet is currently $15 million and the total cost is only $2500. The investor paid an average of $0.31 per token. The crypto community is speculating about the reason behind the current transfer and people are making wild guesses.

According to the news, other wallets, which have been inactive since the same period, started to move. An ETH whale attracted attention by depositing $23,000 Ethereum worth $4 million on Binance.

You can follow the current price action here.


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