$BTC

Ethereum Alert: a whale moved 97,000 ETH and set off alarms in the crypto market..

An Ethereum wallet that had been inactive for years has just executed a maneuver that caught the attention of analysts and traders around the world: transfers totaling 97,000 ETH, equivalent to about 376 million dollars, distributed across three new addresses and ultimately destined for exchange platforms.

The operation comes from one of the so-called "whales" of the crypto ecosystem, actors with massive holdings that can influence market behavior with a single move. In this case, it is a wallet that had only made three significant transactions in the last eight years.

The last time this entity moved large volumes was during Ethereum's historic peak in 2021, when the price reached 4800 dollars. At that time, the sale occurred almost at the highest point of the cycle, suggesting a strategic knowledge of the market.

Now, the reactivation of this account and the transfer to exchanges generates speculation about a possible staggered sale during the next bullish cycle. Some experts interpret this maneuver as an attempt to take advantage of the growing enthusiasm surrounding the Ethereum exchange-traded fund (ETF), whose approval and expansion have gained momentum in recent weeks.

The movement also coincides with an increase in Ethereum's dominance within the crypto market and a trend of accumulation by financial institutions, which seek to position themselves before new surges.

👉 Follow me to stay informed ...