A large Ethereum buyer, possibly linked to Longling Capital, has purchased 6,000 ETH, indicating confidence in a potential price surge. This whale has previously profited significantly from buying low and selling high, accumulating 75,400 ETH since May 8th. Despite a recent dip, Ethereum remains above key support levels, and a bullish rally towards $5,000 is possible.
A whale, most likely associated with Longling Capital, has taken an unexpected action in the wake of Ethereum 's recent decline in value. The whale's purchase of 6,000 ETH shows confidence in a possible price spike. This whale has made an incredible $83 million by buying low and selling high, utilizing an effective investment strategy. This investor has bought 75,400 Ethereum since May 8, 2023, for about $180.4 million at an average price of $2,392.
By selling 50,800 ETH over the same time period, they made $172.08 million at an average price of $3,401. Their most recent acquisition demonstrates their ongoing faith in Ethereum's growth potential. Ethereum is showing signs of recovery after a local peak around $4,100. Although the asset retraced to $3,650, it is still above important support levels such as the 26 EMA, which has frequently served as a launching pad for bullish reversals. Additionally supporting Ethereum's medium-term growth is a rising trend line, which shows that buyers are still in charge. Ethereum may retest its most recent highs and possibly reach new heights, according to technical patterns. A rally toward $5,000 is conceivable if the bullish momentum continues, which would be consistent with the whales' aggressive accumulation strategy. Traders should keep an eye out for additional declines, though, as a breakdown below $3,500 might indicate prolonged consolidation
ETHEREUM WHALE CRYPTO MARKET INVESTMENT PRICE PREDICTION
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