- Five crypto portfolios that probably belong to Justin Sun, 9,018 ETH retired to value $ 29.2 million
- Ethereum (ETH) could rise by 17% to reach the $ 4,100 level in the future
Ethereum (ETH), the world’s second largest cryptocurrency per market capitalization, has retained its position above a crucial price level. By doing this, continuing to attract interest to investors and long -term holders.
At the time of writing, ETH traded nearly $ 3,380, after a walk of more than 4.80% in just 24 hours.
Donald Trump and Justin Sun on a buying spree
On January 24, Spotonchain shared that crypto -whale, including President Donald Trump and Justin Sun, bought a considerable amount of ETH during the last dip.
According to the same, Trump World Liberty Recently purchased 3,079 ETH worth $ 10 million, which considerably increases its ETH interests. The data also showed that in the past four days they have collected nearly 32,994 ETH worth $ 109.9 million, which brought their total interests to 74,228 ETH.
In the meantime, five crypto wallet are probably included Justin Sun Deposited a significant 29.2 million USDT to HTX and withdrew 9,018 ETH at an average price of $ 3,237.5. The message on X is also marked,
“Justin Sun seems aimed at reforming the Ethereum Foundation, with the aim of pushing ETH to $ 10k.”
$ 51.80 million ETH outflows
In addition to these industrial giants, investors and holders also seem to collect token in the long term. This was emphasized by the last finding of Coinglass.
Data from the Spot Inflow/Outflow -Metric showed that exchanges have seen the ETH outflows of $ 51.78 million in the last 24 hours. This hinted to potential accumulation and an ideal buying option in the future.
Source: Coinglass
Worth to point out that this increasing interest of crypto -whales and investors arose during a period in which ETH seems to consolidate within a tight reach.
Technical analysis and price promotion
According to the analysis of Ambcrypto, ETH was a bullish -falling wig price pattern. However, it seemed to consolidate between $ 3,200 and $ 3,500 within a tight reach, possibly due to recent profit booking.
Source: Trade reproduction
At the time of the press, however, ETH still seemed ready for an outbreak. And if the price from the consolidation range breaks, it will have successfully broken the falling price pattern. IF ETH closes a daily candle above the $ 3,510 level, it could rise by 17% to reach the $ 4,100 level in the future.
The Altcoin’s Relative Strength Index (RSI) was also at 50, indicating that it is active in the potential to gather and to show a price repayment of this level.