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In just 2 days, a single whale has acquired 101,131 ETH, worth over $364 million, according to on-chain data. This aggressive accumulation isn't isolated ā institutional wallets and mega whales have added over 225,000 ETH (~$820M) in the past week.
š Key Highlights: ⢠SharpLink-linked address bought 30,755 ETH ($232M) via OTC deals through FalconX & Galaxy Digital
⢠Institutional custody confirmed via BitGo wallets
š” What This Means: ⢠ETH balances on exchanges like Binance and Coinbase are near historic lows
⢠Ethereum ETFs saw over $5.4B inflows in July
⢠Price volatility is increasing as available supply shrinks
š§ Technical Snapshot: ⢠š Support: $3,350 ā $3,430
⢠š Resistance: $3,650 ā $3,700
⢠RSI cooling off ā potential for second leg up
š Market Outlook: This pattern shows long-term conviction from institutions ā not hype. If buying continues to outpace selling, ETH could break toward new highs in Q3.
š Stay ahead of the market. Follow @Crypto Crusador for real-time trade setups, whale moves, and key market insights.