#ETHBreaksATH Inactive Ethereum whale bought USD 28M in ETH and sparked hopes of a "V" recovery
Ethereum price forecasts range from USD 7,500 by year-end to as high as USD 20,000 in the most bullish scenarios.
Inactive Ethereum whale bought USD 28M in ETH and sparked hopes of a "V" recovery
Market Analysis
Key Takeaways:
An inactive whale buys USD 28 million in ETH while the price drops 13%, indicating accumulation.
Whales, BitMine, and ETFs are adding billions in ETH, reinforcing bullish demand.
A "V" shaped recovery pattern is emerging, with analysts targeting between USD 7,500 and USD 20,000.
An Ethereum whale wallet has resurfaced after four years of silence, accumulating USD 28 million in Ether
ETH
3968 €
in a maneuver that has awakened optimism throughout the market.
Wealthy Ethereum addresses are buying the dip
On Tuesday, the entity withdrew 6,334 ETH (worth about USD 28.08 million) from Kraken in the last hour, according to on-chain data cited by analyst CryptoGoos. The same address last interacted with the exchange in 2021.
Transaction history of the Ethereum whale. Source: CryptoGoos
Ether has dropped more than 13% since Sunday, falling from over USD 5,000 to around USD 4,315, a decline that the whale appears to have treated as a buying opportunity.$ETH
