In the midst of the Bearish market sentiment, a crypto -walvis Ethereum (ETH) found an ideal investment option and saw millions in the asset. Today, March 29, 2025, the on-chain analysis company looked on X (formerly Twitter) that has purchased a crypto-walvis 3,195 ETH worth $ 5.97 million.
Ethereum Whale buys $ 58 million from ETH
The average purchase price of ETH was around $ 1,868. In addition, the same whale seems to collect ETH on a large scale. Data reports that since 26 March 2025 the crypto -walvis has purchased 29,341 ETH worth $ 58.18 million for an average price of $ 1,983.
This enormous accumulation due to the crypto -walvis suggests an ideal buying option and a potential soil for ETH. It can also cause purchasing pressure and drive a further upward rally.
Current price momentum
Despite the enormous accumulation, the price of ETH remains unchanged. During the press, ETH is traded near $ 1,821, with a price drop of more than 2.50% in the last 24 hours. In the meantime, the trading volume of the active period fell by 35%in the same period, indicating lower participation of traders and investors compared to the previous day.
Ethereum (ETH) Price promotion and upcoming levels
According to the technical analysis of experts, the recent price drop ETH has brought to a make-or-break level that will determine the price movement of the active in the coming days.
On the daily period of time, ETH seems to be a prize pattern with double bottom with support at the level of $ 1,820. Based on the recent price momentum, if it is active above $ 1,820, there is a strong possibility of an upward rally, whereby the price may rise 17% to reach the $ 2,100 level in the future.
On the other hand, if the price of ETH continues to fall and this support level breaks through, closes a daily candle under $ 1,800, there is a strong possibility that it could actively fall by 15% to achieve the $ 1,550 level in the future.
Credit : coinpedia.org
