Ethereum

April

Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-attracts-major-whale-investments/" data-wpel-link="internal">Ethereum Attracts Major Whale Investments</a><br></p>
<p class="p1" style="text-align: justify">Significant developments continue in the cryptocurrency market. A crypto whale has allocated an eye-catching investment of $45.5 million to <strong><a href="https://coin-turk.com/serenityde-gerceklesecek-hizli-gelismeler-ethereumu-kurtarabilir-mi" data-wpel-link="internal">Ethereum</a></strong>. This step, along with other whales’ accumulations, led to a notable increase for the altcoin king. This significant move underscores the growing confidence among big investors in <a href="https://en.coin-turk.com/cryptocurrency-tug-of-war-bitcoin-ethereum-binance-coin-and-ripple-current-overview/" data-wpel-link="internal">Ethereum</a>‘s long-term potential.</p> 
<h2 class="p1" style="text-align: justify" id="whales-focus-on-ethereum">Whales Focus on Ethereum</h2> 
<p class="p1" style="text-align: justify">Data from the blockchain analytics platform <strong>Lookonchain</strong> reveals a fascinating development. A leading whale wallet, 0x8B9, withdrew approximately $45.5 million worth of 14,632 Ethereum from <a href="https://en.coin-turk.com/cyber-coins-price-surges-as-binance-announces-futures-listing/" data-wpel-link="internal">Binance</a> and staked it all within just six days, causing a big stir in the crypto community.</p> 
<p class="p1" style="text-align: justify">Additionally, another report from a different blockchain data analytics platform, Spot On Chain, highlights an equally interesting transaction. A new wallet identified as <strong>0xBa7</strong> withdrew a significant amount of 3,000 Ethereum, valued at about $9.18 million, from Kraken, and at the time of the transaction, Ethereum’s price was at $3,061. Interestingly, Ethereum is the only crypto asset this whale chose to accumulate, indicating a significant investment approach.</p> 
<h2 class="p1" style="text-align: justify" id="what-s-happening-on-the-ethereum-front">What’s Happening on the Ethereum Front?</h2> 
<p class="p1" style="text-align: justify">In addition to these developments, there was more whale accumulation over the weekends. Specifically, two new wallets withdrew a total of 6,000 Ethereum from <strong>Kraken</strong>, reaching an impressive sum of $18.17 million at an average price of $3,028. These withdrawal transactions from centralized exchanges to self-custody solutions point to a long-term holding strategy. Consequently, this reduces selling pressure on Ethereum and supports a bullish trend in the market.</p> 
<p class="p1" style="text-align: justify">The impact of these strategic moves is clearly visible in Ethereum’s price trajectory. Last month, Ethereum’s value increased by approximately 35%, showing a notable rise. This increase brought Ethereum’s price to a peak of $3,100, unseen since April 2022. <a href="https://en.coin-turk.com/cracking-down-on-crypto-money-laundering/" data-wpel-link="internal">Blockchain</a> data analytics platform Decentrader is closely monitoring this trend. Expert analysts are suggesting targeting a new resistance level at $3,300. Popular analyst Un1c0rn X commented on the matter:</p> 
<blockquote> 
 <p class="p1" style="text-align: justify">“I’m not sure who needs to hear this, but the Ethereum bull run started in October. $10,000 could be an important target for this cycle.”</p> 
</blockquote> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-319548 size-full" src="https://coin-turk.com/wp-content/uploads/2024/02/eth-grafik-2.webp" alt="" width="850" height="474"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ethereum-attracts-major-whale-investments/" data-wpel-link="internal">Ethereum Attracts Major Whale Investments</a></h5>

Ethereum Attracts Major Whale Investments

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