Despite the recent volatile market conditions, an Ethereum whale made a remarkable purchase by purchasing 22,919 ETH worth $77 million. This large purchase strengthened expectations that Ethereum could reach the $10,000 target by 2025.
Despite the recent volatility in the cryptocurrency market, an Ethereum whale purchased 22,919 ETH worth around $77 million. This transaction was made at an average price of $3,368. The investor, who made such a large purchase at a time when the market is uncertain, showed his confidence in the future of Ethereum.
According to data from blockchain analysis platform Lookonchain, the same whale has made a total of 25 transactions with Ethereum (ETH) and Wrapped Bitcoin (WBTC) since August. 21 of these transactions resulted in profit, earning a total of $4.57 million. The high profit rate and consistent trading strategies reveal the investor’s ability to evaluate the market correctly.
At the time of writing, Ethereum was trading at $3,353. Over the past 24 hours, the price has fluctuated between $3,298.80 and $3,425.80. It is stated that the market volume is low due to the year-end holiday period. However, experts emphasize that large-scale purchases show confidence in the long-term potential of the market.
According to market analysts, technical indicators and historical price movements predict that Ethereum could see the $10,000 level by 2025. Large investors buying ETH at current price levels is considered a significant indicator supporting this prediction.
Another notable development was Justin Sun’s transfer of 29,153 ETH to the HTX exchange. This transaction sparked discussions among investors regarding strategic reasons and is thought to have an impact on the direction of the market in the near future.
This large purchase by the Ethereum whale has created significant confidence among market participants. Long-term investors consider such strategic moves as a sign of Ethereum’s future value increase. Experts, on the other hand, state that investors should focus on long-term trends rather than short-term fluctuations.
