Ethereum Whale Scoops Up $314M in ETH During Consolidation — Here Is Why a Break Above $2,800 Might Be Closer Than It Looks

An Ethereum whale has recently made a significant purchase, acquiring a staggering $314 million worth of ETH during a period of market consolidation. This strategic move has raised eyebrows among analysts and investors alike, prompting discussions about the potential implications for Ethereum's price movement. Many are now speculating that a breakthrough above the crucial resistance level of $2,800 could be nearer than it initially appears, driven by growing network activity and increased investor confidence. Understanding the factors behind this whale's sizable acquisition could provide valuable insights into the future trajectory of Ethereum's market and its overall stability amidst fluctuating conditions. source: https://blocknews.com/ethereum-whale-scoops-up-314m-in-eth-during-consolidation-here-is-why-a-break-above-2800-might-be-closer-than-it-looks/