{"id":75786,"date":"2024-04-11T03:26:42","date_gmt":"2024-04-11T07:26:42","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=75786"},"modified":"2024-04-11T03:27:13","modified_gmt":"2024-04-11T07:27:13","slug":"ethereum-whale-acquires-10309-eth-amid-dip-price-rebounds","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ethereum-whale-acquires-10309-eth-amid-dip-price-rebounds\/","title":{"rendered":"Ethereum Whale Acquires 10,309 ETH Amid Dip, Price Rebounds"},"content":{"rendered":"\n

An Ethereum whale has amassed $70 million in altcoins over the\u00a0last three days, capitalizing on the ETH price drop<\/a>. The ETH price must rise above $3,600.<\/p>\n\n\n\n

\"Ethereum<\/figure>\n\n\n\n

On Wednesday, April 10, the price of Ethereum (ETH) plummeted to $3,400 following the US release of red-hot CPI data for March.<\/p>\n\n\n\n

Since then, however, ETH has recovered significantly, surpassing $3,550 as of press time.<\/p>\n\n\n\n

This recovery in the price of ETH occurs amid a significant whale accumulation.<\/p>\n\n\n\n

ETH Whale Accumulation<\/h2>\n\n\n\n

Lookonchain, citing data from Etherscan\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, reported the acquisition of a significant quantity of Ethereum (ETH) by a whale in the cryptocurrency markets.<\/p>\n\n\n\n

Approximately 10,309 ETH, equivalent to $35.82 million, was purchased just two hours ago during a market drop.<\/p>\n\n\n\n

This purchase follows a significant investment made by the same investor on April 8.<\/p>\n\n\n\n

They acquired 10,643 ETH at that time, valued at approximately $36.75 million, prior to Bitcoin's (BTC) significant price increase.<\/p>\n\n\n\n

\n

A whale bought 10,309 $ETH<\/use><\/svg><\/span><\/a>($35.82M) 2 hours ago at the bottom of the market drop.

And he also bought 10,643 $ETH<\/use><\/svg><\/span><\/a>($36.75M) before #BTC<\/use><\/svg><\/span><\/a> rose on Apr 8.https:\/\/t.co\/41366OnM5Y<\/use><\/svg><\/span><\/a> pic.twitter.com\/hhJLDOQf1L<\/use><\/svg><\/span><\/a><\/p>— Lookonchain (@lookonchain) April 10, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

The investor's acquisitions <\/a>indicate a bullish outlook, as they have strategically positioned themselves to take advantage of potential future price movements amid market fluctuations.<\/p>\n\n\n\n

Conversely, Ethereum's open interest and future calls are increasing, suggesting that ETH will continue to experience favorable momentum.<\/p>\n\n\n\n

Analysts are optimistic that this price recovery for Ethereum can continue and possibly reach $4,000.<\/p>\n\n\n\n

Ethereum Price Points to Monitor<\/h2>\n\n\n\n

At present, the price of Ethereum is circling around $3,500, exhibiting a strong correlation with the 100-hour simple moving average.<\/p>\n\n\n\n

Immediate resistance is approaching $3,600, or the 61.8% Fibonacci retracement level.<\/p>\n\n\n\n

Anticipated obstacles include a primary barrier near $3,650, followed by a substantial resistance at $3,725, and additional impediments at $3,780.<\/p>\n\n\n\n

A price increase above $3,800 may generate favorable momentum.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

However, an inability to overcome the $3,600 barrier could incite a decline.<\/p>\n\n\n\n

More substantial support is anticipated at around $3,500, with the initial backing anticipated at around $3,520.<\/p>\n\n\n\n

Additional declines might result in a challenge to the $3,400 zone.<\/p>\n","protected":false},"excerpt":{"rendered":"

An Ethereum whale has amassed $70 million in altcoins over the\u00a0last three days, capitalizing on the ETH price drop. The ETH price must rise above $3,600. On Wednesday, April 10, the price of Ethereum (ETH) plummeted to $3,400 following the US release of red-hot CPI data for March. Since then, however, ETH has recovered significantly, […]<\/p>\n","protected":false},"author":56,"featured_media":69129,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,23],"tags":[6122,19101,18705,19102,128,19103],"class_list":["post-75786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ethereum-news","tag-ethereum-price-prediction","tag-eth-price-analysis","tag-eth-price-bounceback","tag-eth-price-correction","tag-ethereum","tag-ethereum-whale-addresses"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/01\/ethereum-g3da2e1262_1920-1024x576-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/75786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=75786"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/75786\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/69129"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=75786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=75786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=75786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}