Bitcoin

Time to Buy Ethereum? Whale Bags $58 Million of ETH

In the middle of the feeling of the lower market, a cryptocurrency revealed that Ethereum (ETH) was an ideal investment option and implemented millions of assets. Today, on March 29, 2025, the Lookonchain chain analysis company published on X (formerly Twitter) that a cryptocurrency bought 3,195 ETH worth $ 5.97 million.

Ethereum Whale buys $ 58 million from Eth

The average purchase price of the ETH was around $ 1,868. In addition to that, the same whale seems to accumulate large -scale ETH. Data reports that since March 26, 2025, the cryptocurrency bought 29,341 ETH worth $ 58.18 million at an average price of $ 1,983.

This massive accumulation of the crypto whale suggests an ideal purchasing opportunity and a potential background for ETH. It can also create a purchase pressure and cause another rally upwards.

Current price momen

Despite massive accumulation, the price of ETH remains unchanged. At the time of the press, ETH is negotiated nearly $ 1,821, recording a price drop of more than 2.50% in the last 24 hours. During this time, during the same period, the volume of negotiation of the assets dropped by 35%, which indicates a lower participation of traders and investors compared to the day before.

Ethereum (ETH) Action of upcoming prices and levels

According to an expert technical analysis, the recent drop in prices brought ETH to a level of achievement or rupture, which will determine the active price movement in the coming days.

Source: Commercial view

On the daily delay, ETH seems to form a two -low price action model with support in $ 1,820. Based on the recent quantity of prices, if the assets are more than $ 1,820, there is a high possibility of rising rally, the price increasing potentially by 17% to reach the level of $ 2,100 in the future.

On the other hand, if the price of ETH continues to lower and crosses this level of support, closing a daily candle below $ 1,800, there is a strong possibility that the asset can drop by 15% to reach the level of $ 1,550 in the future.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button