Key Takeaways
A massive crypto whale with nearly $6 billion in assets has shifted over $3 billion into Ethereum. With $4.8K acting as a major resistance, a breakout could cause ETHs next explosive move.
A powerful whale move is afoot!
One whale, sitting on billions, has shifted a chunk of their holdings in a way that’s turning attention back to Ethereum [ETH].
With sentiment shifting and traders watching key levels, could ETH be setting up for its next big run?
A $6 billion whale turns to Ethereum
The Bitcoin [BTC] whale with nearly $6 billion in holdings made headlines for their move to Ethereum.
Source: Arkham Intelligence
After shifting $1.1 billion into a fresh wallet, the whale snapped up $434.7 million worth of ETH through HyperUnit, pushing his total ETH purchases to more than $3 billion — most of which was already staked.
What’s more, they’re still sitting on around $650 million earmarked for ETH, leaving us guessing about whether the next round of buying could hit today.
