Ethereum holds $2K as whale buys 1,004 ETH: Where will price head next?
Ethereum has reclaimed and held the key psychological level of $2,000, drawing renewed market attention amid stable Bitcoin performance. Notably, whale activity is increasing, with wallet 0x8A21 making a significant move by purchasing 1,004 ETH at around $2,070—more than double the amount sold six months earlier near the cycle high. This suggests large players see current levels as a value zone. On-chain data further indicates steady accumulation, with long-term holders buying during weakness, potentially reducing liquid supply on exchanges. Technically, ETH is completing a bullish pennant pattern, holding above $2,000 despite a 58% drop from its ATH, with a potential move toward $3,400.
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