Ethereum

bullish

Carl

Moon

would

<p>As <a href="https://www.thecoinrepublic.com/2025/04/10/ethereum-price-recovery-trend-reversal-or-temporary-bounce/" rel="noopener noreferrer nofollow">Ethereum</a> (ETH) price hovers around crucial levels, one particular whale is seen grabbing large amounts of the altcoin.</p><p>This whale scooped 20,161 ETH coins in just 24 hours, suggesting growing attention for the leading altcoin.</p><p>The whale’s purchase of 20,161 ETH shows confidence in a possible price spike. This substantial move comes as market analysts closely monitor a potential price reversal on ETH.</p><h2 class="wp-block-heading" id="h-the-etherem-whale-accumulation-and-growing-interest"><strong>The Etherem Whale Accumulation and Growing Interest</strong></h2><p>According to the popular data analytics platform Lookonchain, the ETH whale took advantage of the market downturn to make additional purchases.</p><p>In two separate transactions, the mysterious whale accumulated 20,161 ETH, valued at approximately $32.7 million.</p><div class="wp-block-image"><figure class="aligncenter size-full"><img width="475" height="834" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/04/image-561.png" alt="" class="wp-image-1153736"><figcaption class="wp-element-caption"> Image Source: Lookonchain on X </figcaption></figure></div><p>For the first transaction, the investor transferred 15,953 ETH from the OKX exchange and deposited the assets into Aave.</p><p>Subsequently, the Ethereum whale borrowed 15.4 million USDT tokens from Aave and deposited them back to OKX.</p><p>A few hours later, the unknown whale investor bought 4,208 ETH, valued at about $6.87 million, again from OKX using four wallets.</p><p>Eventually, the investor borrowed another 4.85 million USDT from Aave. They deposited the tokens into OKX, possibly to buy more ETH.</p><p>This massive accumulation signals a strong belief in the coin’s future potential, which market analysts have interpreted as bullish news for the Ethereum community.</p><p>They claim whales only make large purchases to double their investment ahead of a bullish price move.</p><p>The whale action also coincides with growing interest from other market participants. Within the past 24 hours, ETH’s trading volume surged by over 67% to $18.76 billion.</p><p>This increased investor interest comes as the coin experienced a daily surge of 1.89%.</p><h2 class="wp-block-heading" id="h-can-eth-price-see-a-3-000-breakout"><strong>Can ETH Price See a $3,000 Breakout?</strong></h2><p>According to market data, <a href="https://www.thecoinrepublic.com/price-prediction/ethereum/" rel="noopener noreferrer nofollow">ETH price</a> was changing hands at $1,626 as of this writing. Over the previous day, the price of ETH traded between a low of $1,553.6 and a high of $1,687.5.</p><p>After weeks of range trading, analyst Carl Moon predicted that ETH might soon hit the $3,000 mark.</p><div class="wp-block-image"><figure class="aligncenter size-full"><img width="673" height="621" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/04/image-560.png" alt="" class="wp-image-1153730"><figcaption class="wp-element-caption"> Image Source: Carl Moon on X </figcaption></figure></div><p>The analyst posted a TradingView chart in an X post showing ETH attempting to break out of a descending channel.</p><p>With more volume, the analyst thinks ETH could easily break out of that channel towards $3,000.</p><p>Aligning with Carl Moon, other analysts <a href="https://www.thecoinrepublic.com/2025/04/13/ethereum-price-bullish-breakout-gas-fees-drop-patterns-form/" rel="noopener noreferrer nofollow">forecasted</a> that a breakout beyond $2,100 could send Ethereum toward $3,000. This marks a strong price surge in the coming months.</p><h2 class="wp-block-heading" id="h-ethereum-ecosystem-projects-to-watch"><strong>Ethereum Ecosystem Projects to Watch</strong></h2><p>The Ethereum network is well-known for its consistent upgrades, which aim to improve users’ experience.</p><p>In March, the Pectra Upgrade was successfully <a href="https://www.thecoinrepublic.com/2025/03/27/ethereum-news-pectra-upgrade-finalizes-hoodi-testnet-paving-way-for-mainnet-launch/" rel="noopener noreferrer nofollow">finalized</a> on the Hoodi testnet after facing initial disruptions on Holesky and Sepolina.</p><p>The launch now paves the way for the Pectra mainnet to debut later this Month.</p><p>Analysts and investors believed the potential Pectra mainnet launch would benefit the general Ethereum ecosystem.</p><p>Furthermore, Ethereum co-founder Joe Lubin recently remarked that the Ethereum Ecosystem would continue to focus on layer-2 (L2) scaling networks.</p><p>Lubin disclosed while speaking about the future of the smart contract network at the 2025 Digital Asset Summit.</p><div class="wp-block-image"><figure class="aligncenter size-full"><img width="616" height="513" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/04/image-559.png" alt="" class="wp-image-1153724"></figure></div><p>The co-founder noted that applications require next-generation databases powered by high-throughput blockchain technologies. He sees the Ethereum network as the best for new kinds of databases.</p><p>The post <a href="https://www.thecoinrepublic.com/2025/04/14/20161-ethereum-scooped-by-single-whale-eth-price-breakout-ahead/" rel="noopener noreferrer nofollow">20,161 Ethereum Scooped By Single Whale, ETH Price Breakout Ahead?</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

20,161 Ethereum Scooped By Single Whale, ETH Price Breakout Ahead?

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