An Ethereum whale recently realized a profit of $9.87 million after selling a significant portion of their Ether holdings within just 14 days. This profit-taking occurred as Ethereum's price fell over 3%, ending an eight-day winning streak. The whale, identified by the address '0x8C08...', sold 8,005 ETH for approximately $30.03 million, having initially purchased 9,582 ETH at an average price of $2,725. Despite this sale, the wallet retains 1,577 ETH, indicating a strategic partial exit rather than a full liquidation. Ethereum's recent performance has pushed its 14-day RSI into overbought territory, suggesting a potential short-term correction towards the $3,000–$3,200 range. However, as long as ETH remains above its multi-year ascending trendline, the outlook for further gains remains positive. Analysts predict that Ethereum could reach prices as high as $8,000 in the coming months, reflecting sustained bullish sentiment among long-term holders. Read more AI-generated news on: https://app.chaingpt.org/news