Rally Preparation in Ethereum! While Analysts Expected a 60 Percent Rise After ETF Approval, Big Whale Accelerated Its Purchases: Bought ETH in Exchange for Bitcoin!

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SEC’s spot Ethereum ETFWhile the approval is expected for ETH, it is wondered whether the rally in ETH will continue.

At this point, analysts are worried about possible confirmation ETH While we expect the rise in price to continue, a prediction also came from Singapore-based company QCP Capital.

QCP Capital analysts, He said the approval of ETH ETFs could lead to a rise in ETH price of up to 60% in the next few months.

Stating that this prediction was based on the increase in BTC price after the spot Bitcoin ETF approval in January, analysts argued that if the situation in BTC ETFs occurs, the ETH price could increase by up to 60%.

Finally, analysts warned investors by stating that they expected high volatility.

First Ethereum Investor Purchased Large Amount of ETH Before SEC Decision!

As bullish expectations for Ethereum increased, whales also became active.

According to this An important ETH move came from James Fickel, founder of the Amaranth Foundation, one of the first Ethereum investors.

According to Spot On Chain’s post, Fickel predicted that the Ethereum price will rise above $3,800. Bought 2,642 ETH worth $24.4 million.

Accordingly, Fickel provided USDC and $10.1 million for the purchase of ETH. Wrapped Bitcoin (WBTC) used crypto reserves including. Fickel purchased ETH at a cost of $3,820.

Fickel’s latest purchase comes as part of a larger strategy in which he has accumulated 14,494 ETH over the past three days.

At this point, according to the data, Fickel, who has been expecting an increase in the ETH / BTC trading pair since December 30, 2023, borrowed 2,741 WBTC at the level of 0.054 and exchanged it for 50,688 ETH.

Additionally, Fickel, who purchased a total of $53.3 million in ETH in the last 3 days, financed these purchases with a combination of 390 WBTC and 26.1 million USDC, and the average ETH The cost was $3,675.

*This is not investment advice.

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