<p>According to blockchain analytics platform <a href="https://x.com/spotonchain/status/1836682778185969722" rel="noopener noreferrer nofollow">Spotonchain</a>, an ancient Ethereum whale has quietly offloaded 24.7 million ETH, raising eyebrows in the crypto community.&nbsp; With this whale making major moves, traders are closely watching what might come next for Ethereum. Meanwhile, ETH’s price <a href="https://markets.coinpedia.org/ethereum/" rel="noopener noreferrer nofollow">surged 5.24%, reaching $2,445</a> and pushing its market cap to $293.4 billion.&nbsp;</p><h2 class="wp-block-heading" id="h-a-systematic-ethereum-sell-off">A Systematic Ethereum Sell-Off</h2><p>In just three days, the whale behind wallet '0xe3e' has sold 10,595 ETH, converting it into $24.7 million worth of USDT. This whale, active since Ethereum's early days, has been selling off chunks of ETH at regular intervals, unaffected by market trends.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"> https://twitter.com/spotonchain/status/1836682778185969722 </div></figure><p>What’s fascinating is the precision behind these transactions. The whale has consistently sold exactly 87.56 ETH every few minutes, showing a strategic approach to cashing out.</p><p>Despite these sales, the whale still holds 6,042 ETH, valued at around $14.7 million—roughly 36.3% of their original holdings.</p><h2 class="wp-block-heading" id="h-massive-profits-451x-return">Massive Profits: 451x Return!</h2><p>Spotonchain also estimates that the whale’s total profit from these trades is a jaw-dropping $39.34 million, reflecting a 451x return on their original investment.&nbsp;</p><p>This steady selling of <a href="https://coinpedia.org/crypto-live-news/is-ethereums-declining-interest-a-cause-for-concern-cryptoquant-hint/" rel="noopener noreferrer nofollow">Ethereum has caused</a> people in the crypto community to wonder if it’s a sign of bigger changes in the market or simply an experienced investor taking profits after holding for a long time.</p><h2 class="wp-block-heading" id="h-ethereum-price-analysis">Ethereum Price Analysis</h2><p>Ethereum has bounced back from a $2,380 support base, breaking past $2,400. Now <a href="https://markets.coinpedia.org/ethereum/" rel="noopener noreferrer nofollow">trading above $2,420</a> and the 100-hourly Simple Moving Average, ETH shows bullish potential with a key support line at $2,380.</p><p>However, strong resistance looms near $2,500, close to the 1.236 Fib extension level from a recent pullback. A break above $2,550 could indicate further gains.</p><p><strong>With Ethereum's price on the rise and a mysterious whale dumping millions, what's your prediction for the future of ETH?</strong></p><p>Also Check Out: <a href="https://coinpedia.org/price-analysis/with-a-bullish-reversal-can-worldcoin-wld-price-hit-3/" rel="noopener noreferrer nofollow">With A Bullish Reversal, Can Worldcoin (WLD) Price Hit $3?</a></p>

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