An Ethereum whale transferred 10.3K ETH, valued at approximately $19.5 million, from Kraken within a 24-hour period. The activity adhered to the established trend of wallet withdrawals, concurrently resulting in a reduction of the funds maintained by the wallet on the exchange. Notably, the whale withdrew another 5,000 ETH, valued at approximately $9.53 million, in … Read more
Ethereum recovered from $1,820 last week and traded within an ascending channel throughout August. At this time, ETH was trading near $1,923, reflecting an increase of 1.01% over the past 24 hours. Renewed whale activity bolstered the recovery. Onchain Lens reported that two whales accumulated 80,000 ETH valued at $152 million. One whale withdrew 30,000 … Read more
Could the increased staking of Ethereum by investors be contributing to a tightening of market liquidity? On-chain data indicates the possibility of such an outcome. In theory, an increase in the amount of ETH locked in staking by investors results in a reduction of the liquid ETH available for trading. With a reduced supply of … Read more
Two key divergences indicate that Ethereum’s outperformance against Bitcoin may only be in its early stages. Notably, Lookonchain has identified consecutive whale accumulation, with one whale withdrawing over 74,000 ETH and another more than 10,000 ETH. The crucial aspect to consider? Both whales staked all of the ETH they accumulated, indicating a distinct departure from … Read more
The price of Ethereum has remained steady around $1.8k. After successfully rebounding from $1800, the altcoin has demonstrated relative strength, increasing to $1876. As this time, Ethereum is trading around $1866, reflecting a modest increase of 1.7% on the daily charts. As ETH hovered around $1.8k, large investors exhibited optimism and initiated long positions. According … Read more
After failing to maintain the $1.8k level, Ethereum has persisted in trading around $1.7k. As of this time, ETH is priced at $1748, reflecting a modest increase of 0.68% on the daily charts. Interestingly, this market pullback has generated an optimal buying opportunity, particularly for high-net-worth investors. Amid prolonged lateral price action, large holders have … Read more
Ethereum has encountered increased selling pressure following a significant reduction in positions by large holders, who have divested approximately 550,000 ETH, amounting to nearly $880 million, within the last week. The scale of the distribution indicated a rising caution among significant market participants, which in turn augmented the available supply entering the market. Consequently, Ethereum … Read more
Ethereum whales have reemerged, engaging in both staking and purchasing activities. Lookonchain data suggested that Andreessen Horowitz (a16z) seemed to be acquiring Ethereum. On June 23rd, a wallet linked to a16z withdrew 25,560 ETH, equivalent to $42.62 million, from Binance. On the same day, Tom Lee’s Bitmine acquired an additional 35,138 ETH, valued at $58.65 … Read more
A significant Ethereum whale has ramped up its accumulation efforts following the acquisition of 7,000 ETH valued at $11.8 million. The most recent acquisition increased the total purchases of the wallet to 17,800 ETH, which is valued at around $29.76 million over the last ten days. Such sustained buying activity underscored an increasing confidence among … Read more
Ethereum maintained its upward trend on June 15th, rising by 2.75% for the second consecutive day. The decision was made following a change in market sentiment, influenced by news of a U.S.-Iran peace agreement and the reopening of the Strait of Hormuz. ETH was valued at 1,720, reflecting a 2.75% increase over the last 24 … Read more
