Ethereum Whale Activities Spike During Bullish Trend

• A whale who had been dormant for 3 years transferred 1.55K ETH to a Coinbase wallet.  
• An Ethereum whale that has already sold 46,853 ETH plans to sell another 12,886ETH.  
• Indicators such as the Relative Strength Index and MACD indicate a bullish trend for Ethereum. 

Ethereum whales are increasingly making massive ETH moves as the token has surged past $3000. A whale who bought 6,292 ETH at the price of $1,951 during the ICO 9 years ago came back online after 3 years of dormancy. Another whale that has been making major moves recently transferred $41.24M in ETH just hours ago.

As revealed by PeckShieldAlert, the whale with the address 0x63e88E2…..6c45, which has been dormant for the past 3 years, transferred 1,555 ETH, which is worth almost $4.86M, into a Coinbase account. From the transfer, it can be inferred that the whale is planning to sell the coins. This whale’s last transfer included transferring 2000 ETH from his wallet to Coinbase.   

#PeckShieldAlert A #Genesis-related address that received 6,292 $ETH 9 years ago (2015-07-30) has transferred 1.55K $ETH (worth ~$5M) to #Coinbase after being dormant for almost 3 years pic.twitter.com/TCTnn3jAAw

— PeckShieldAlert (@PeckShieldAlert) November 11, 2024

Another Ethereum whale holding 398,891 ETH worth $1.28 billion has recently caught attention with multiple ETH moves. As noted by Lookonchain, the whale, which was involved in various ETH transfers since November 7, made another large transfer of 12,886 ETH valued at $41.24 million, 7 hours before the reporting time. 

The giant whale with 398,891 $ETH($1.28B) has sold 46,853 $ETH for 138.8M $USDC at $2,920 since Nov 7!

7 hours ago, the whale transferred another 12,886 $ETH($41.24M) to sell.

The whale currently holds 352,036 $ETH($1.27B).https://t.co/O79eaAdgrk pic.twitter.com/8YGA6vx7iG

— Lookonchain (@lookonchain) November 11, 2024

On November 7, the whale sold 13,400 ETH at an average price of $2,790, totaling $37.38 million, along with 11,005 ETH valued at $30.56 million at a rate of $2,777. The next day, they sold an additional 29,897 ETH at $2,839, amounting to 84.87 million USDC. This whale originally acquired the coins back in August 2016 at an average price of $3.50 per ETH and now currently holds 352,036ETH.

Ethereum, which had been trading in the range of $2,400 during the presidential election, skyrocketed with Trump winning the election. Within a week of the election, the price of Ethereum climbed back to above $3,100. According to the Relative Strength Index, which has been trading in an overbought zone of 75 and Moving Average Convergence Divergence (MACD), trading above the signal line, indicates a continued bullish trend. 

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