$6B Bitcoin whale rotates into Ethereum – Is $10K back on the table for ETH?

Key Takeaways

A massive crypto whale with nearly $6 billion in assets has shifted over $3 billion into Ethereum. With $4.8K acting as a major resistance, a breakout could cause ETHs next explosive move.


A powerful whale move is afoot!

One whale, sitting on billions, has shifted a chunk of their holdings in a way that’s turning attention back to Ethereum [ETH].

With sentiment shifting and traders watching key levels, could ETH be setting up for its next big run?

A $6 billion whale turns to Ethereum

The Bitcoin [BTC] whale with nearly $6 billion in holdings made headlines for their move to Ethereum.

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Source: Arkham Intelligence

After shifting $1.1 billion into a fresh wallet, the whale snapped up $434.7 million worth of ETH through HyperUnit, pushing his total ETH purchases to more than $3 billion — most of which was already staked.

What’s more, they’re still sitting on around $650 million earmarked for ETH, leaving us guessing about whether the next round of buying could hit today.

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