Ethereum News Today: "Dormant Ethereum Whale Stirs After 8 Years, Moves $80M and Boosts Institutional Optimism"
- Ethereum whale transfers $80.48M in ETH to Kraken after 8-year dormancy, signaling potential institutional interest. - Another whale accumulates $362M in BTC and ETH with 100% profitability, boosting bullish sentiment. - Analysts highlight Ethereum's institutional appeal due to upgrades and DeFi dominance, with key resistance near $4,250. - Combined whale activity underscores Ethereum's growing role in institutional portfolios amid Bitcoin's dominance.
An alleged
This transfer comes amid a broader uptick in institutional interest in Ethereum. Recent figures indicate that crypto exchanges are seeing higher inflows, with Ethereum surpassing
At the same time, another significant investor has intensified bullish expectations. A crypto whale known as 0xc2a3 has been actively increasing holdings in Bitcoin (BTC) and Ethereum, amassing 1,683 BTC ($194 million) and 40,305 ETH ($168 million), achieving full profitability on all trades. Utilizing leverage of 10x and 5x, this trader has accumulated $13.4 million in unrealized profits, with an average Bitcoin entry price of $110,680 and Ethereum at $3,929, according to a
This whale’s approach reflects a wider pattern of institutional and wealthy investors taking advantage of market volatility. Lookonchain notes that the trader’s Bitcoin position is anchored by a key support at $111,160, while Ethereum is facing significant resistance at $4,250. Analysts such as Ali Martinez and Posty advise that patience is necessary, as Ethereum’s retest of $4,075 could indicate a period of consolidation before any potential breakout, according to Benzinga.
The combined moves by these whales emphasize Ethereum’s increasing significance in institutional investment strategies, even as Bitcoin continues to lead the market. With both major holders and retail participants watching crucial price points, the next few weeks may determine whether Ethereum can maintain its upward momentum or encounter renewed selling pressure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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