Ethereum Approaches Key Support As Whale Activity Signals Potential Market Shift

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Ethereum’s price is approaching a long-term support level, with a potential bounce from the $2.2k mark offering a bullish outlook. However, recent whale activity suggests caution may be warranted. Just 30 minutes ago, a whale or institutional address, inactive for the past 15 months, transferred all 10,281 ETH (worth approximately $24.7 million) to Coinbase, possibly preparing to liquidate. This ETH was primarily accumulated between 2022 and 2023 from exchanges like FTX US, Gemini, Coinbase, and Kraken at an average price of $1,504. Should the whale decide to sell, they stand to realize a significant profit of $9.23 million. 一个 15

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