Ethereum returned under the spotlight after having transformed one of the largest Bitcoin whales more than $ 5 billion in Bitcoin in Ethereum, in a decision that reduced controversy on the “coup”, that is to say the “blow”, that is to say a day of exceeding market value.
Whale activity shakes the market
Blockchain analysis companies – including Arkham Intelligence – unveiled several transfer operations last week showing that the whale transferred more than $ 1.1 billion Bitcoin to Ethereum.
A few days ago, the whale itself acquired $ 2.5 billion in Ethereum, to exceed its total currency transfers of $ 4.5 billion in a few weeks.
These steps cannot be considered as simple issues. The whale was negotiated via the hyperliquidal platform with immediate and term contracts, investigating $ 33 million in previous speculation at the high price of Ethereum.
With its strong possessions at more than 220,000 Ethereum currencies, this whale now becomes one of the 5 largest owners of the world’s Ethereum currency, perhaps exceeding Ethereum itself.
- Bitcoin dropped $ 4,000 last week, with the impact of sales pressure.
- The price of Ethereum increased by 14% in last month, which represents double the performance of Bitcoin.
- This whale stage indicates more confidence in Ethereum on the 2025 market.
Mortgage transformations and institutional investment movement
The fish are heading for Ethereum with the arrival of requests to withdraw the mortgaged currencies to the network adaptations at the highest level of all time, and it should withdraw foreign currencies of around 5 billion dollars, which raises concerns about the possible sales pressure, and the time of the mortgage is now exceeded 19 days.
However, analysts believe that the institutions’ demand can neutralize a large part of these risks. Just in August, the FNB of Ethereum points in the United States of America attracted $ 4 billion, which confirms the demand for investment in Ethereum. Bitmin – One of the largest currency reserve companies – has also acquired 190,500 Ethereum currencies, bringing its property to 1.7 million currencies with a value of around $ 7.7 billion.
In addition, blockchain data show that institutions buy more than 35 Ethereum currencies for each currency, which increases the rarity of money and improves its value while auditors remove their currencies.
Technical analysis of the price of Ethereum currency
It seems that the price of the price of the Ethereum currency is by force with an objective greater than $ 4,265, because it is currently negotiated at $ 4,391 in a state of relative stability after having tested the price levels close to $ 4,865. The price is currently stabilized compared to the rise in the trend line since the beginning of August, indicating that the overall rise trend still exists, while the medium simple measurement movement operates over fifty periods at $ 4,567 as the nearest level of resistance.
At the technical level, the closure higher than this level can lead to a test of $ 4,665, while the penetration of this level can open the way to around $ 4,865 and the psychological level is $ 5,100. The Momentum indicators support this scenario, because the relative force index indicates 43, which means that the price still has an apostasy area, while the MacD index seems to go with the discoloration of the momentum less than $ 4,265, which exposes the price at the risk of slipping at $ 4070 and $ 3,865.
The levels seem clear for merchants: the swallowing beam emerged above $ 4,567 will represent the opportunity to speculate at a price height of around $ 5,100, while the appearance of a candle less than $ 4,265 indicates the need to sell.
Is the coup d’etat achieved?
Ethereum is still late for Bitcoin in terms of total market value, but institutional investments and whale collection change the scene. Bitcoin represents digital gold, but the domination of Ethereum currency in the fields of decentralized financing (DEFI), the digital representation of stable assets and currencies increases.
Thus, the movement to transfer whales for $ 5 billion is not enough to ensure the occurrence of the coup, but it reflects an increasing belief – even among Bitcoin fans – that Ethereum can obtain stronger yields in the years to come.
With network updates, the growing demand for ETF boxes and the adoption of institutions, the Ethereum part appears to the Bitcoin challenge more credible than ever.
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The price of the price of the Ethereum-Eth price after the transfer of $ 5 billion to Bitco-BTC: can this step modify the classification of the main currencies? APPLERDIRST on Arab Cryptonews.
