Whale re-entered the market at $2,277 before ETH climbed toward $2,500.
Ethereum dominates tokenized assets, supporting BlackRock’s $2.9B fund.
A major Ethereum investor has returned to the market with large ETH purchases, despite incurring heavy losses in earlier trades. Data reveals that the whale had previously exited the market, only to make a notable comeback as prices fluctuated.
Source: Arkham Data
According to Lookonchain data, the investor exited the Ethereum market three months ago by selling their entire ETH holdings at around $2,740, realizing nearly $11 million in losses.
The exact address reappeared in the market a month later, acquiring 2,713 ETH worth approximately $4.08 million when the price dropped to $1,502. More recently, the whale intensified their accumulation, buying an additional 9,023 ETH worth $20.55 million.
These two transactions occurred within 24 hours, with an average entry price of $2,277. This move raised speculation across crypto forums, as the whale now holds over $24 million in Ethereum.
According to CoinMarketCap data, Ethereum price is $2,499.6 at press time, a 6.70% increase over the past 24 hours.
Analysts See Key Resistance and Structural Shift
Analyst Daan Crypto Trades commented on Ethereum’s price action, noting that ETH has broken through the $2,100 resistance and trades in the $2,100–$2,800 range. This breakout followed a short squeeze that forced traders to close positions, contributing to a price surge from $1,939 to over $2,400 on Friday morning.
Daan highlighted that $1,750, previously a resistance level, has become support. However, he cautioned against aggressive trading within the current range. A drop to $2,100 may occur, but could still form a higher low, keeping bullish momentum intact.
A fallback to the $1,750 level remains possible if the market loses strength. The next key resistance level is $2,815.
Ethereum Strengthens Its Role in Tokenized Asset Sector
Ethereum continues to lead in the tokenized real-world asset space. According to market data, the network currently hosts $7.4 billion in tokenized assets, far ahead of Stellar ($0.5B), Algorand ($0.4B), and Aptos ($0.3B).
BlackRock’s head of digital assets, Robbie Mitchnick, reaffirmed Ethereum’s leadership during a closed-door meeting with the SEC’s Crypto Task Force.
He described Ethereum as the “most decentralized, secure, and legitimate blockchain in crypto.” He also discussed Ethereum’s role in ETF-linked staking models and real-world asset integration.
Ethereum supports BlackRock’s $2.9 billion BUIDL fund, which offers tokenized U.S. Treasury securities with faster settlement and 24/7 trading capabilities. These institutional applications highlight Ethereum’s growing use case beyond speculative trading and reinforce its standing as the preferred blockchain for financial tokenization.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
<p>The post Ethereum Whale Bets Big: Is $2,800 the Next Stop? first appeared on Coin Crypto Newz.</p>
