Bullish sentiment in the cryptocurrency market has revived dormant investors, including an Ethereum (ETH) whale who recently made massive profits after eight years of inactivity. Eight-Year HODL Ends with a Massive Payday According to Lookonchain, this whale accumulated 398,889 ETH between January and March 2016, at an average price of just $6 per ETH. The &hellip; 
<a href="https://www.cryptoknowmics.com/news/dormant-ethereum-whale-sells-eth-for-222m-profit/" class="more-link">Continue reading &#8220;Dormant Ethereum Whale Sells ETH for $222M Profit&#8221;</a>

Bullish sentiment in the cryptocurrency market has revived dormant investors, including an Ethereum (ETH) whale who recently made massive profits after eight years of inactivity.<h3>Eight-Year HODL Ends with a Massive Payday</h3>[embed]https://twitter.com/lookonchain/status/1859852734008263154[/embed]According to Lookonchain, this whale accumulated 398,889 ETH between January and March 2016, at an average price of just $6 per ETH. The total investment of $2.4 million has now skyrocketed in value. On November 7, after Ethereum breached its $2,600 resistance, the whale began offloading their holdings.The first sale occurred when <a href="https://www.cryptoknowmics.com/news/ethereum-etfs-set-new-record-as-price-eyes-4000/" target="_blank" rel="noopener">ETH</a> was trading at $2,820, with the whale selling 73,356 ETH for approximately $224.42 million. This represents a staggering profit of $222.02 million for less than one-sixth of their total holdings. The whale still holds 325,533 ETH, valued at over $1.3 billion at current market prices.<h3>Market Speculation and Potential Impact</h3>The whale’s sudden activity has ignited speculation within the Ethereum community. Some believe that continued selling could trigger a domino effect, where other whales offload their holdings, potentially exerting downward pressure on ETH’s price during the ongoing bull run.Others argue that the whale’s action demonstrates the potential of long-term investments in <a href="https://coinstats.app/ethereum/" target="_blank" rel="nofollow noopener">Ethereum</a>, bolstering confidence in its value proposition.<h2>What’s Next for ETH?</h2>While the whale’s profit-taking has caught the market's attention, Ethereum’s price action remains strong amid the bull market. Investors will closely watch whether the whale continues to sell or holds onto their remaining fortune.Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Dormant Ethereum Whale Sells ETH for $222M Profit

Ethereum’s price momentum has sparked record-breaking trading volumes in spot Ethereum ETFs, highlighting growing investor interest. After reaching $3,447, ETH has retraced slightly to $3,100, but analysts remain optimistic about its upward trajectory. Ethereum ETFs Surge to Record Volumes Spot Ethereum ETFs have experienced unprecedented weekly trading volumes, reaching $1.63 billion—a 44% increase from the &hellip; 
<a href="https://www.cryptoknowmics.com/news/ethereum-etfs-set-new-record-as-price-eyes-4000/" class="more-link">Continue reading &#8220;Ethereum ETFs Set New Record as Price Eyes $4,000&#8221;</a>

Ethereum’s price momentum has sparked record-breaking trading volumes in spot <a href="https://www.cryptoknowmics.com/news/ethereum-etfs-show-positive-inflows-amid-market-uncertainty/">Ethereum ETFs</a>, highlighting growing investor interest. After reaching $3,447, ETH has retraced slightly to $3,100, but analysts remain optimistic about its upward trajectory.<h3>Ethereum ETFs Surge to Record Volumes</h3>[embed]https://twitter.com/bloodgoodBTC/status/1856778494635626608[/embed]Spot Ethereum ETFs have experienced unprecedented weekly trading volumes, reaching $1.63 billion—a 44% increase from the previous week. This activity marks a significant rebound from the mid-year lull, where daily volumes had dropped to $168 million. Now averaging $326 million daily, the surge reflects renewed investor confidence, mirroring patterns seen in Bitcoin ETFs during their early adoption phase.<h2>Can Ethereum Hit $4,000?</h2>[embed]https://twitter.com/AstroCryptoGuru/status/1856758964903711171[/embed]Ethereum recently hit a high of $3,447 before facing selling pressure that brought it back to $3,100, aligning with a key Fibonacci retracement level. Analysts point to $2,899 and $2,770 as critical support levels. If ETH holds steady and bullish momentum persists, it could retest $3,400 and possibly reach $4,000 by year-end.Renowned trader “Bloodgood” has already announced plans to buy ETH, targeting the $4,000 mark, while other experts predict even greater potential for Ethereum.<h2>Pectra Upgrade Fuels Optimism</h2>Ethereum’s upcoming Pectra upgrade is a key catalyst driving bullish sentiment. By improving scalability, security, and usability, the upgrade could solidify Ethereum’s dominance in the blockchain space. Analysts like AstroCryptoGuru suggest the upgrade could propel Ethereum to new all-time highs, potentially exceeding $5,500 if institutional adoption continues to rise.As Ethereum builds momentum, all eyes are on its ability to sustain growth and capitalize on its evolving blockchain capabilities.Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Ethereum ETFs Set New Record as Price Eyes $4,000

As Bitcoin hit a high above $71,000 for the first time since June, Ethereum also enjoyed a surge, climbing over 5% in 24 hours to trade at around $2,618 on October 29. With a fully diluted valuation around $315 billion and an average daily trading volume of $23 billion, Ethereum has caught the attention of &hellip; 
<a href="https://www.cryptoknowmics.com/news/ethereum-surges-above-2600-amid-bitcoin-rally-and-increased-volatility/" class="more-link">Continue reading &#8220;Ethereum Surges Above $2,600 Amid Bitcoin Rally and Increased Volatility&#8221;</a>

As Bitcoin hit a high above $71,000 for the first time since June, Ethereum also enjoyed a surge, climbing over 5% in 24 hours to trade at around $2,618 on October 29. With a fully diluted valuation around $315 billion and an average daily trading volume of $23 billion, <a href="https://www.cryptoknowmics.com/news/ethereum-poised-for-potential-breakout-amid-election-liquidity-surge/">Ethereum</a> has caught the attention of investors, contributing to nearly $40 million in liquidations in the leveraged market. Notably, 81% of these liquidations involved short trades, highlighting intensified bullish momentum.<h2>Technical Indicators Signal a Possible Breakout</h2>From a technical analysis perspective, Ethereum is positioned at the peak of a weekly triangular pattern, which may lead to a significant breakout. Ethereum's recent rally also aligns with its rebound from a long-standing rising logarithmic trend that started last year. However, for a full-scale bull run to continue, Ethereum must consistently close above the critical resistance level of $2,829. Such a breakthrough could set the stage for Ethereum to challenge its all-time highs, especially if the ETH/BTC pair reverses its downtrend from early 2022.[embed]https://twitter.com/AltstreetBet/status/1851090661606305846[/embed]<h3>Competing with Solana Amid Investor Interest</h3>Ethereum’s growth hasn’t come without challenges. Competition from Solana is intensifying, particularly in the areas of on-chain activity and DeFi adoption. In recent weeks, Solana saw over $10 million in investment inflows, while Ethereum experienced $25 million in outflows, largely led by Grayscale’s ETHE. However, Ethereum remains a major player, supporting over $49 billion in total value locked (TVL) and an $84 billion market cap in stablecoins.As both assets gain momentum, Ethereum’s next move could define its long-term standing in the ever-evolving crypto market.Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Ethereum 2.0

Dormant Ethereum Whale Sells ETH for $222M Profit

Ethereum ETFs Set New Record as Price Eyes $4,000

Ethereum Surges Above $2,600 Amid Bitcoin Rally and Increased Volatility