Etherum has been facing increased volatility as the market remains uncertain 🌍. Despite optimism surrounding Layer 2 scaling solutions and ETH 2.0, price fluctuations have left many traders on edge ⚡. With the broader crypto market experiencing downward pressure, Ethereum’s price has struggled to maintain its momentum 🛑.

Is Ethereum still a solid long-term hold, or are we seeing signs of a deeper correction? 🤔 With Ethereum’s network upgrades underway, can ETH bounce back stronger, or is a bearish trend ahead?

Let’s hear your thoughts! 💬

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Ethereum ($ETH ) is more than just a coin—it’s a platform that powers decentralized applications (dApps) and smart contracts. From DeFi projects to NFTs, Ethereum is at the heart of the blockchain revolution.
Why $ETH matters:
Smart Contracts: Automate agreements without intermediaries.DeFi Leader: Supports lending, borrowing, and earning on decentralized platforms.Upcoming Upgrades: Ethereum’s move to proof-of-stake improves scalability and reduces energy consumption.
$ETH isn’t just an investment; it’s the backbone of Web3. Don’t miss out on its growth potential!
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There has been an active whale investor within the last week with the username "cookislandstrust.eth" making transactions in the PEPE and Ethereum (ETH) markets. This investor has been well known for his ability to buy efficiently during a dip. Spot On Chain shows the latest activities of the identified whale, who has invested mainly in PEPE and Ethereum; this could alter the courses of these tokens.
In the last seven days, "cookislandstrust.eth" invested $3.13 million in USDT to acquire 420 billion PEPE tokens. All these purchases happened on two occasions, including a broad purchase during a market dump on August 5. This strategic timing allowed the whales to position themselves for a gain of $170,000, reflecting a 5.4% increase in the value of the PEPE tokens.
Significant Investment in Ethereum
In addition to the PEPE acquisition, the whale invested substantially in Ethereum. They spent $7.05 million in USDT to purchase 2,978 ETH. This purchase was also executed around the market's bottom on August 5, underscoring the whale's keen sense of timing. As such, the ETH holding has provided an unrealized appreciation of $534,000, or a 7.58% increase in value.
Another analysis from CRYPTO IVANOV shows that the PEPE price remains to have a bullish trend in the daily structure. Following a correction and subsequent manipulation that led to the price drop to the current lower level, the stock is well placed for an accumulation of liquidity. The analysis highlights that the target price may reach the open liquidity peaks at the high-level range, indicating that there may be bullish charts for PEPE shortly.
As of this press time, the price of PEPE was hovering at $0.000008004, and as such, has a market capitalization of $3.37 billion. Meanwhile, Ethereum was trading at $2,574.02, with a market cap of $309.42 billion. The 24-hour trading volume for ETH increased by 72.91%, reaching $15.52 billion.
In conclusion, the recent market activity by "cookislandstrust.eth" underscores the potential for substantial impacts on PEPE and Ethereum. The mentioned investments by the whale are rather well-timed, and its buying spree during the lows can positively impact the further performance of these cryptocurrencies. Investors and market analysts should not overlook such events as these may portray further investment chances in the growing crypto markets.
The post "Whale Investor Makes Strategic Multi-Million Dollar Moves in PEPE and Ethereum" first appeared on 36crypto.com News.
#CryptoMarketMoves #MarketDownturn #Ethereum2 #pepe⚡

Ethereum’s surge to $3,000 signals strong bullish momentum, likely fueled by a combination of factors: increased institutional interest, expansion of DeFi and NFT markets, and anticipation of further Ethereum 2.0 upgrades that aim to improve scalability and reduce fees. As ETH crosses key resistance levels, investor sentiment is optimistic, but profit-taking could lead to short-term consolidation or pullbacks.

What’s Next:
Watch Key Levels: If ETH holds above $3,000, the next targets could be $3,200 and $3,500, with potential support at $2,800 if a correction occurs.
Monitor On-Chain Activity: Increased staking, rising transaction volume, and active addresses suggest healthy network growth, which may continue to drive demand for ETH.
Keep an Eye on Macro Trends : Broader economic conditions, regulatory news, and BTC’s performance will impact ETH’s trajectory.

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