{"id":837719,"date":"2025-03-30T08:12:41","date_gmt":"2025-03-30T13:12:41","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/30\/time-to-buy-ethereum-whale-bags-58-million-of-eth\/"},"modified":"2025-03-30T08:12:41","modified_gmt":"2025-03-30T13:12:41","slug":"time-to-buy-ethereum-whale-bags-58-million-of-eth","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/30\/time-to-buy-ethereum-whale-bags-58-million-of-eth\/","title":{"rendered":"Time to Buy Ethereum? Whale Bags $58 Million of ETH"},"content":{"rendered":"
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Amid the bearish market sentiment, a crypto whale found Ethereum (ETH) to be an ideal investment option and bagged millions worth of the asset. Today, March 29, 2025, the on-chain analytics firm Lookonchain posted on X (formerly Twitter) that a crypto whale has bought 3,195 ETH worth $5.97 million.<\/p>\n

The average purchase price of ETH was around $1,868. Besides this, the same whale appears to be accumulating ETH on a large scale. Data reports that since March 26, 2025, the crypto whale has purchased 29,341 ETH worth $58.18 million at an average price of $1,983.<\/p>\n

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This massive accumulation by the crypto whale suggests an ideal buying opportunity and a potential bottom for ETH. It may also create buying pressure and drive a further upside rally.<\/p>\n

Current Price Momentum<\/strong><\/h3>\n

Despite the massive accumulation, ETH\u2019s price remains unchanged. At press time, ETH is trading near $1,821, recording a price decline of over 2.50% in the past 24 hours. Meanwhile, during the same period, the asset\u2019s trading volume dropped by 35%, indicating lower participation from traders and investors compared to the previous day.<\/p>\n

Ethereum (ETH) Price Action and Upcoming Levels\u00a0<\/strong><\/h2>\n

According to expert technical analysis, the recent price drop has brought ETH to a make-or-break level, which will determine the asset\u2019s price movement in the coming days.<\/p>\n

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Source: Trading View<\/figcaption><\/figure>\n

On the daily timeframe, ETH appears to be forming a double-bottom price action pattern with support at the $1,820 level. Based on recent price momentum, if the asset holds above $1,820, there is a strong possibility of an upside rally, with the price potentially surging 17% to reach the $2,100 level in the future.<\/p>\n

On the other hand, if ETH\u2019s <\/a>price continues to fall and breaches this support level, closing a daily candle below $1,800, there is a strong possibility that the asset could drop by 15% to reach the $1,550 level in the future.<\/p>\n<\/div>\n

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\n Chandan Gupta<\/p>\n","protected":false},"excerpt":{"rendered":"

Amid the bearish market sentiment, a crypto whale found Ethereum (ETH) to be an ideal investment option and bagged millions worth of the asset. Today, March 29, 2025, the on-chain analytics firm Lookonchain posted on X (formerly Twitter) that a crypto whale has bought 3,195 ETH worth $5.97 million. The average purchase price of ETH<\/p>\n","protected":false},"author":1,"featured_media":837720,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25740,26957],"tags":[],"class_list":["post-837719","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","category-whale"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/837719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=837719"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/837719\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/837720"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=837719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=837719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=837719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}