Take into consideration the possibility of possessing a fortune of Bitcoin that was mined while Satoshi was still alive. after which they made the decision to use almost all of it to purchase Ethereum. In fact, it is exactly what has just taken place. Tens of thousands of Bitcoins were converted into Ethereum by a renowned whale from the Satoshi period, and the consequences of this transaction are already becoming apparent.
As a result of the accumulation of big wallets and the acceleration of Ethereum’s momentum, it is possible that we are experiencing the most strong third quarter for the network to date. A major whale from the Satoshi era has sold 35,991 Bitcoins for 886,371 Ethereums, with the total values in question standing at $4.04 billion and $4.07 billion, respectively, and it appears that their operations are still ongoing. Recent transfers have shown that there has been an increase in the amount of Bitcoin that has been put into hot wallets, which suggests that big purchases of Ethereum may be on the horizon. There has been a wide range of performance for Ethereum in the third quarter, with the average increase coming in at 9.55 percent, according to historical statistics. The story, however, is shifting as 2025 approaches.
The price of Ethereum has increased by 87.66% over the course of this quarter, which is a distinct divergence from its past performances. In comparison, the third-quarter results of 2020 and 2021 are not even close. ETH continues to fluctuate over 4.6K. The price of Ethereum was $4,663, which meant that it remained above the $4,600 mark. The relative strength index shown a somewhat positive momentum. In spite of the fact that the MACD line remained in its position above the signal line, the histogram showed that momentum could be beginning to decrease. In the meanwhile, Ethereum continued to maintain a strong position above its 50-day, 100-day, and 200-day exponential moving averages, which is indicative of strong underlying support.
A daily trading volume of 13.77 thousand was observed, which indicates that activity has been constant even in the midst of recent consolidation. In general, Ethereum has maintained its position following the breakthrough, which indicates that there is the possibility of further rises in the future.