Ethereum

when

PulseX

As market sentiment remains bullish after a major reversal, it has been observed that more crypto giants and investors are making significant moves into top cryptocurrencies like Ethereum. On March 5, 2024, when the overall <a href="https://news.todayq.com/analysts-bullish-after-market-correction-heres-why/" rel="noopener noreferrer nofollow">cryptocurrency market</a> experienced a major fall, 11 wallets of crypto giants such as PulseX and PulseChain added a massive $363.66 million worth of Ethereum. Are crypto whales bullish on Ethereum? 
Today, on March 6, 2024, Lookonchain an on-chain analytics firm made a post on X (previously Twitter), stating that the crypto whalesPulseX and PulseChain bought 97,296 Ethereum in just 2 days. However, these crypto whales spent nearly 363.66 million DAI tokens on this massive amount of Ethereum, with an average price at the $3,738 level. 
This massive purchase took place just after the breakout of the major resistance level of $3,590. Additionally, this significant investment by these whales into Ethereum shows that top investors and crypto giants are still bullish on cryptocurrencies, particularly Ethereum. The major reason behind this extensive investment is that Ethereum is currently trading just 23% lower than its all-time high, whereas the world’s biggest cryptocurrency, Bitcoin, is trading at just 5% lower than its all-time high.
Investors may be expecting that Ethereum can easily surge by more than 20% and even more. As the overall market sentiment and market structure are bullish, there is a possibility that Ethereum may experience a massive price surge in the coming days. Ethereum technical analysis and key levels 
Currently, Ethereum is trading near $3,780, and in the last 24 hours, it experienced a small bullish move of 0.04%. Looking at the performance of Ethereum over a longer period in the last 7 days, its price has soared by over 9%, while in the last 30 days, Ethereum has experienced a price surge of over 60%. This massive price surge is also the reason behind continuous inflow.
According to expert technical analysis, Ethereum is currently bullish. However, on the daily time frame, Ethereum shows a closing above the major resistance level of $3,590. If, today on March 7, 2024, the Ethereum price reaches above $3,900, then a significant move is expected. Additionally, following this successful breakout of the major resistance level, it is also expected that Ethereum may hit the $4,800 level in the coming days.
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$363 million of Ethereum bought in 2 days, who is this whale?

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