Ethereum

PulseX

In the ongoing market correction, where traders and investors find themselves amidst confusion, certain crypto whales are making significant moves, leading some to believe it’s an opportune moment for massive bets. On March 8, 2024, the on-chain analytics firmLookonchain posted on X (previously Twitter), revealing that PulseX and PulseChain executed another inflow of $201 million into the world’s second-largest cryptocurrency, Ethereum. PulseX’s and PulseChain’s another big bet on ETH 
According to Lookonchain, PulseX, and PulseChain utilized $201 million in DAI tokens to acquire 51,811 Ethereum at an average price of $3,881. This substantial Ethereum purchase by PulseX and PulseChain underscores their confidence not only in Ethereum but also in the cryptocurrency industry as a whole.
On March 7, 2024, the <a href="https://news.todayq.com/363-million-of-ethereum-bought-in-2-days-who-is-this-whale/" rel="noopener noreferrer nofollow">crypto whales</a>, PulseX and PulseChain, employed their 11 crypto wallets to acquire a huge 97,296 Ethereum. The cost for this significant Ethereum acquisition amounted to over $363.66 million in DAI tokens, with an average price of $3,738, as reported by Todayq News.
Examining PulseX’s and PulseChain’s recent transactions, in the last three days, these crypto whales spent more than half a billion dollars ($564.74 million) in DAI tokens to purchase 149,107 Ethereum at an average price of $3,787. Notably, this massive Ethereum buying spree occurred shortly after the breakout of a robust resistance level at $3,600. Furthermore, this significant amount of Ethereum purchases suggests an anticipation of a substantial market move. Ethereum technical analysis and key-level&nbsp; 
Following these decisive moves by PulseX and PulseChain, Ethereum is currently trading near the $3,900 level. In the last 24 hours, it has experienced a price surge of over 2.6% in upside momentum. Examining Ethereum’s performance over a more extended period, it has witnessed a considerable price surge of over 15% in the last 7 days and over 60% in the last 30 days, surpassing Bitcoin’s growth rate.
According to expert technical analysis, Ethereum is currently exhibiting bullish signals, with the potential to reach the $4,800 level. This expectation is based on the observation that the weekly candle on the Ethereum chart is likely to close above the
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This crypto whale bought $564 mln of Ethereum in just 3 days, Will ETH hit $4,800?

Todayq News

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