**Ethereum Whale Makes a Move: 10,702 ETH Sold After Two Years of Silence, Sparking New Opportunities for Investors**
In a surprising turn of events, an Ethereum whale has sold 10,702 ETH, valued at $16.86 million, after being inactive for two years. This sale comes on the heels of Ethereum’s recent price bounce above $1,600, prompting some long-term holders to cash out. However, analysts are viewing this sell-off as a potential buying opportunity for new investors.
Recently, several large investors, or whales, have been offloading their ETH as the price shows signs of recovery. One notable transaction involved a seasoned Ethereum investor who sold a substantial amount of ETH as the price climbed back above $1,600. This particular investor had been dormant for two years, raising questions about their timing for this sale. Interestingly, many of the whales selling now chose not to sell when ETH was trading above $4,000 last year.
Despite the recent price increase of over 13% from a low of $1,400, these long-term holders are opting to sell, even amid a temporary market relief due to a delay in new tariffs. This uncertainty in the market has led to a flurry of selling activity. Not only individual investors are participating in this trend; projects like Donald Trump’s DeFi initiative and World Liberty Financial have also been selling ETH during this period.
On the flip side, crypto analyst Ali Martinez sees the current market dynamics as a golden opportunity for potential buyers. He notes that while long-term holders are selling, this could present a chance for contrarian investors to purchase ETH at a lower price. Martinez encourages new buyers to consider this moment as a potential profit-making opportunity. He remarked, “Long-term #Ethereum $ETH holders have entered ‘capitulation’ mode. For contrarians, this could signal a prime accumulation zone from a risk-reward standpoint. Go to @SimpleFXcom… and buy the dip!”
After dipping to $1,400, ETH has since rebounded by 10% and is currently trading around $1,588, with daily trading volume increasing by 7% to over $32 billion. This recovery has led some analysts to predict further price increases. Looking ahead, there are positive signs for Ethereum’s price trajectory. Following its low of $1,400, ETH has bounced back and is now trading around $1,612, with trading volumes on the rise.
Analyst Luciano_BTC highlights a “falling wedge” pattern on the charts, a technical formation that often precedes bullish reversals. If Ethereum manages to break through this pattern, it could indicate a significant upward movement. Additionally, the SEC’s approval of options trading for spot Ether ETFs could attract more institutional investors, further driving interest in Ethereum.
