🚨🐋WHALE ALERT!!! A massive $646 million USD in Ethereum has been acquired!🚀
“Everyone seems to be hating on Ethereum (ETH) right now, but investors have been buying this dip in a very big way this week”.💰
According to James Butterfill, the Head of Research at CoinShares, recent data reveals that in the past 24 hours, there has been a significant influx of $646 million into crypto-focused exchange-traded investment products, particularly those centered on Ethereum.🚀
This marks a notable shift from the previous week, during which #Ethereum experienced a net outflow of $300,000. Butterfill noted that this earlier decline was likely influenced by the technology sector's struggles, particularly in light of the DeepSeek hype and the downturn in the U.S. AI market.✅
Market Update of February 2025 in ETH/USDT:📊
➢ $ETH has certainly been on a wild journey lately! Starting at $3,309 on February 1st, which was roughly the average for January, it faced a significant plunge to $2,125 just two days later on February 3rd. However, it made a remarkable recovery, soaring back to $2,921 after that dramatic dip. As of now, #ETH is holding strong at $2,776.🎢
➢ The trading volume in USDT for the past 24 hours is $2.24billion.✅
➢ All-Time High: $4,868 reached in middle of January 2021.🥇
Expected price forecast for mid-February:📊
➢ Large-scale investors, including whales, institutions, and hedge funds, often purchase significant amounts of cryptocurrency without impacting the exchange charts right away. This means their trades aren't immediately visible on the graphs. It usually takes around 24 to 48 hours for these changes to be reflected.✅
➢ Stay alert, as the technical analysis points to a potential slight uptick of ETH's price, which could bring it to an average of $3,075 by February 15th.🚀
📊Trading Advice: If you're thinking about making a purchase for a short-term or a long-term trade, it's wise to keep a close eye on the market. Pay attention to the 1h and 15m charts, along with the 24h volume, MACD, and RSI. Observing these indicators for a period of 1-4 hours for short-term trading and to 2-3 days for long-term trading can help you lock in a better price.✅
🚨Attention: Please keep in mind that cryptocurrency investments and trades always come with risks, and market conditions can change quickly! If you enjoyed the article/post, it is greatly appreciated if you would share your thoughts in the COMMENTS, give it a LIKE and please FOLLOW for more insights, research, analysis, and trends related to cryptocurrencies! Wishing you all lots of success for the #cryptoTrends2025 !🤑👍
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