- Ethereum whale moves $67.5M ETH, marking a 104% gain, signaling significant profit-taking and strategic positioning in 2025.
- Ethereum’s ascending channel since 2016 projects bullish potential, with targets up to $15,937 if key resistance at $4,822 breaks.
- Whale activity highlights Ethereum’s pivotal role in 2025’s market dynamics, offering traders strategic insights amid consolidation.
A massive Ethereum whale has stirred market discussions with significant moves. This firm recently made a $67.5 million ETH deposit into Kraken. The whale extracted 120,874 Ethereum from Kraken in September 2022, when the average price per share was $1,645 USD.
The whale has since deposited 50,000 ETH, which is worth $167.6 million at an average price of $3,351. For $122 million, the whale sold 35,000 ETH in the last month. Currently, its holdings stand at 70,874 ETH, worth $240 million, reflecting an estimated profit of $208.4 million, marking a 104% gain.
Ethereum’s Long-Term Price Action
An upward channel has been maintained by Ethereum since 2016, based on a three-week price action analysis. The orange trendlines highlight the cryptocurrency’s long-term positive trend by showing regular higher lows and higher highs.
Between 2016 and early 2018, Ethereum rallied sharply, breaking out of consolidation and reaching a high of approximately $1,400. However, it faced a multi-year correction, pulling back below $100 before rebounding from the lower channel support. From 2020, Ethereum started another upward trajectory surpassing its previous all-time high in 2021. The price peaked near $4,800, aligning with a broader market rally during that period.
Source: Venturefounder
Current Levels and Future Projections
Following its 2021 high, Ethereum experienced a pullback but maintained its position within the ascending channel. Support remains solid at $1,358, as highlighted by multiple tests of this level. At present, Ethereum trades at $3,448, reflecting a 5.13% drop in the session.
The analysis projects a potential breakout from this consolidation phase. The blue projection line indicates price targets exceeding $10,000, with an optimistic peak of $15,937. For this to occur, Ethereum must break resistance at $4,822.
Besides technical trends, whale activity underscores Ethereum’s importance in long-term market movements. With consolidation narrowing, Ethereum’s trajectory in 2025 looks pivotal, presenting opportunities for investors and traders.
The post Ethereum Whale Moves $67.5M: Profits Soar 104% Amid Market Ripples appeared first on Cryptonewsland.
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