Dormant Ethereum whale buys millions of eth, sparkling the hopes of rebound

Main to remember::

• Dormant whale buys $ 28 million in ETH as the price drops by 13%, the signaling of accumulation.

• Whales, binages and ETF add billions of eth, strengthening bullish demand.

• The “V -shaped” recovery model emerges, analysts considering targets from $ 7.5,000 to $ 20,000.

A portfolio of Ethereum whales resurfaced after four years of silence, collecting $ 28 million in ether (Ethn) In a decision that has aroused bullish chatter across the market.

The rich Ethereum addresses buy the decline

Tuesday, the entity withdrew 6,334 ETH (worth around 28.08 million dollars) from Kraken in the last hour, according to ONCHAIN ​​data cited by the analyst Cryptogoos. The same address has interacted for the last interaction with the exchange in 2021.

Ether has dropped more than 13% since Sunday, slipping from Above $ 5,000 About $ 4,315, a drop in whale seems to have treated as a purchase opportunity.

The transfer is remarkable because the exits of whales of the exchanges are generally considered as a bull signal, suggesting a long -term accumulation and hold, rather than an imminent sales pressure.

Other whale wallets have done Even larger ETH purchases.

Tuesday, Crypto Exchange Bitstamp sent 20,000 ETH in an unknown portfolio, according to Whale alert data. This indicates an exchange flow to custody generally associated with accumulation.

In addition, according to Data Resource Arkham Intelligence, only one whale bought and marked around $ 2.55 billion from ETH via hyperliquid on Monday.

These movements coincide with the continuous push of Bitmin in Ethereum. During last week, the company Added $ 252 million in etherwhich brought its total assets to 797,704 ETH (valued at around $ 3.7 billion).

In relation: Tom Lee calls Ether Fott

Bitmin has an additional $ 200 million of reserves for new Ethereum purchases.

According to August 21 Data from eccentric investorsTo erase almost $ 925.70 million in outings were witnesses four days before.

Constant capital adds to the purchases of whales and companies, strengthening the opinion that the drop in Eth is treated as an entry point rather than a rupture.

Ethereum in “V -shaped” recovery: analyst

Ether’s continuous rebound in summer stockings nearly $ 3,350 to more than $ 4,000 in resistance constitutes a “V -shaped” recovery, echoing at the bottom of the cycle that preceded the main bull races, according to the analyst Galaxybtc.

At the end of 2020, ETH dug a similar “V”, switching to more than $ 4,000 a year after diving at around $ 100 during the March accident in March. A smaller version of this scenario took place at the end of 2022 when ETH retired above $ 2,000 at the start of 2023, against less than $ 1,200.

Ethereum’s technical configurations suggest ETH price could climb to $ 10,000 to $ 20,000 In the coming months. Geoffrey Kendrick, manager of digital assets at Standard Charterd, provides that it reaches $ 7,500 at the end of the year.

This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.