New Crypto Whales Enter ETH Waters: Is $3.5K the Next Stop for Ethereum?

CoinMarketCap11-15 13:44

Ether surged with a strong 29% increase, breaking the $3,000 barrier for the first time since August. However, its bullish momentum has decelerated, even as Bitcoin advanced by 13% recently. Despite ...

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Despite ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/6736dfd744a7a6147f1d753c/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Crypto Whales Enter ETH Waters: Is $3.5K the Next Stop for Ethereum?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Crypto Whales Enter ETH Waters: Is $3.5K the Next Stop for Ethereum?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-15 13:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/6736dfd744a7a6147f1d753c/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ether surged with a strong 29% increase, breaking the $3,000 barrier for the first time since August. However, its bullish momentum has decelerated, even as Bitcoin advanced by 13% recently. Despite ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/6736dfd744a7a6147f1d753c/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QETH","symbol_name":"Invesco Galaxy Ethereum ETF","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/6736dfd744a7a6147f1d753c/","article_id":"2483187403","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/150f0a958f314830bbaac77eb34eb3c4.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483187403","pubTimestamp":1731649492,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Ether surged with a strong 29% increase, breaking the $3,000 barrier for the first time since August. However, its bullish momentum has decelerated, even as Bitcoin advanced by 13% recently. Despite this slowdown, recent data indicates that Ethereum whales might be viewing the current price as an opportune moment for long-term accumulation.In the third quarter, whale activity was particularly active within the Ethereum ecosystem. Large wallets relentlessly offloaded ETH, impacting the market.Yet, as ETH prices rallied by 23% entering the fourth quarter, a new whale account emerged on the scene. Lookonchain, an onchain wallet tracking service, noted that a recently-created whale wallet amassed 7,389.5 ETH, worth $23.44 million, within a mere 24 hours.Technical analyses reveal that Ethereum's recent daily candles closed on a downside, suggesting a brewing retest of the fair value gap  between $3,072 and $2,987. This zone comprises a crucial order block and the 50-EMA level support on the","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"QETH":"Invesco Galaxy Ethereum ETF","LU1721428933.USD":"法巴全球经典环境基金RH MD Dis","LU2413666699.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"CRH\" (HKDHDG) INC","CETH":"21Shares Core Ethereum ETF","LU0347712357.USD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (USD) ACC","BK4585":"ETF&股票定投概念","ETHV":"Vaneck Ethereum ETF","BK4121":"生命科学工具和服务","BK4588":"碎股","EZET":"Franklin Ethereum Etf","FETH":"Fidelity Ethereum Fund","ETH":"Grayscale Ethereum Mini Trust","WAT":"沃特世","LU2413666426.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (HKD) ACC"},"translate_title":"新的加密鲸鱼进入ETH水域：3500美元是以太币的下一站吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EZET":1,"WAT":1,"QETH":1,"FETH":1,"ETHV":1,"ETH":1,"CETH":1},"content_text":"Ether surged with a strong 29% increase, breaking the $3,000 barrier for the first time since August. However, its bullish momentum has decelerated, even as Bitcoin advanced by 13% recently. Despite this slowdown, recent data indicates that Ethereum whales might be viewing the current price as an opportune moment for long-term accumulation.\nIn the third quarter, whale activity was particularly active within the Ethereum ecosystem. Large wallets relentlessly offloaded ETH, impacting the market.\nYet, as ETH prices rallied by 23% entering the fourth quarter, a new whale account emerged on the scene. Lookonchain, an onchain wallet tracking service, noted that a recently-created whale wallet amassed 7,389.5 ETH, worth $23.44 million, within a mere 24 hours.\nSince becoming active on November 9, this wallet has acquired over 18,000 ETH at an average rate of $3,201. The total value of these holdings now stands at approximately $57.8 million. Intriguingly, this wallet is invested solely in Ethereum and holds $19.3 million in Tether (USDT), hinting at potential further acquisitions should market conditions become favorable.\nIn an earlier report, Cointelegraph detailed the remarkable journey of a 2016 ETH whale, who realized an 80,000% return, converting a $38,000 investment into over $30 million. This entity moved 11,000 ETH when prices were near $2,777. Similarly, from 2017-2018, another ETH holder amassed 23,743 ETH at around $11 each and relocated 6,250 ETH, valued at $20 million, to Kraken last week.\nThese historical patterns underscore the trend of Ethereum ICO whales offloading their ETH on Kraken.\nCurrently, Ethereum faces significant resistance at $3,500. Although Bitcoin is experiencing price discovery, Ethereum is yet to surpass its previous all-time high of $4,878 from 2021. This resistance is widely observed by traders like Eddie, who highlighted that Ether's recent rally to $3,450 approached the 0.618 Fibonacci retracement level, coexisting with a supply zone from $3,550 to $3,050.\nEddie elaborated, \"Ethereum is contending with resistance at the onset of the critical supply sector between $3,100 and $3,500. More market activity is necessary to navigate past it.\"\nTechnical analyses reveal that Ethereum's recent daily candles closed on a downside, suggesting a brewing retest of the fair value gap (FVG) between $3,072 and $2,987. This zone comprises a crucial order block and the 50-EMA level support on the four-hour chart, potentially acting as a springboard should ETH reclaim its bullish trajectory.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483187403"}