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 <p class="is-style-lead"><a rel="dofollow" title="1inch" href="https://thebittimes.com/tag/1inch.html">1inch</a> Investment Fund has purchased 6,088 ETH for $10 million, taking advantage of the Ethereum price dip.</p> 
 <h2 class="wp-block-heading" id="1inch-stacks-up-more-eth">1inch stacks up more ETH</h2> 
 <p>In a move that’s caught the crypto community’s attention, the <a rel="dofollow" title="1inch" href="https://thebittimes.com/tag/1inch.html">1inch</a> Investment Fund recently acquired 6,088 Ethereum (ETH) for a whopping $10 million, according to blockchain analytics platform Lookonchain.&nbsp;</p> 
 <p>&nbsp;The purchase was made at a price of $1,655 per Ether, bolstering the fund’s holdings and revealing their confidence in the token’s future price move despite the ongoing crypto winter.</p> 
 <p>The researchers also revealed that the investment fund purchased 17,000 ETH in three separate transactions between January and March.</p> 
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    <p lang="en" dir="ltr"><a rel="dofollow" title="1inch" href="https://thebittimes.com/tag/1inch.html">1inch</a> Investment Fund wallet spent $10M to buy 6,088 $ETH at $1,655 6 hrs ago.<br><br>The wallet bought a total of 17K $ETH($26.8M) at an average price of $1,569 on Jan 13, Feb 9 and Mar 14.<br><br>Then sold 11K $ETH($21M) at $1,906 on July 5, making ~$3.7M.https://t.co/QhEm3M9Mm7 pic.twitter.com/JUxzA8hFom</p>— Lookonchain (@lookonchain) August 28, 2023
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 <p>The fund also reportedly sold 11,000 ETH <a rel="dofollow" title="worth" href="https://thebittimes.com/tag/worth.html">worth</a> $21 million on July 5, when Ethereum was trading at $1,906, making a profit of approximately $3.7 million.</p> 
 <p>In related news, the <a rel="dofollow" title="1inch" href="https://thebittimes.com/tag/1inch.html">1inch</a> decentralized exchange (DEX) aggregator was recently implemented on Coinbase’s Ethereum layer-2 platform, Base. This integration introduces a new feature that allows Base users to place limit orders, giving them greater influence over their trades.&nbsp;</p> 
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 <h2 class="wp-block-heading" id="ethereum-price-analysis">Ethereum price analysis&nbsp;</h2> 
 <p>At the time of writing, the price of ETH stands at $1,650, marking a&nbsp; decrease of over -1.2% in the past week, according to CoinGecko.</p> 
 <p>While Ethereum consolidated on Aug. 28, with prices staying relatively stable around last week’s low of below $1,600, the recent rebound above the $1,650 support zone has garnered attention.</p> 
 <p>Ethereum’s Relative Strength Index (RSI) on a weekly timeframe is at 26, indicating a potential bullish momentum on the horizon. The token is aiming to reclaim the key $1,700 level, which could set the stage for a fresh rally.</p> 
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> OnlyFans invested $20m in Ethereum in 2022 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/1inch-investment-fund-buys-10m-worth-of-ethereum-tbt60725.html">https://thebittimes.com/1inch-investment-fund-buys-10m-worth-of-ethereum-tbt60725.html</a></p>

1inch Investment Fund buys $10m worth of Ethereum

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