Ethereum Continues to Attract Investors Despite Major Volatility

The price of Ethereum has surpassed $3000 amid weekly declines. Whale activity is on the rise, impacting future price volatility.

Azcnews Ethereum Continues To Attract Investors Despite Major Volatility

Volatility in the price of Ethereum (ETH) continues to attract investor interest despite weekly fluctuations, as it maintains its position as the world’s second largest cryptocurrency by price market value.

On May 3, the price of Ethereum not only recovered but also significantly surpassed the $3000 mark. This development has reinvigorated the market and increased a sense of optimism among the investor community.

Ethereum whale activity

Whale Transaction
Whale Transaction

The growth in question, combined with a significant increase in activity by major investors, has drawn attention to the future price movements of the coin. Recently, around 36,000 ETH were converted and large investors made these competitive transactions with Solana.

Online analytics platforms have revealed that a total of 36,762 ETH were converted the previous day. Notably, the large investor with address 0xf83c… made an important move by transferring 25,772 ETH to Coinbase Institutional, one of the leading companies in the cryptocurrency sector. In contrast, the large investor with address 0x0b4… purchased 10,990 ETH from Coinbase during the same period, demonstrating contrasting strategies.

Ethereum historical data

Ethereum Price Chart
Ethereum Price Chart

Ethereum’s recent price movements, along with the corresponding transactions, have caused a mixed feeling in the larger cryptocurrency market. While one major investor continued to buy tokens amid the market downturn, another major investor sold a large amount of similar tokens, highlighting the bearish trend of ETH.

Related: ETH Trading at $3000 But Demand on the Decline

However, at this point, the bullish trend has shifted to a more bullish shape. At the time of writing, Ethereum’s price has increased by 3.08% over the past 24 hours and is currently at $3,001. Investors are watching the price move at $3000, as shown by the monthly chart showing the consolidation period.

Investors continue to carefully monitor the token’s price movements to discern more information on price trends amid sharp declines in the stock market and BTC following the rally, potentially affecting the market dynamics. Notably, XRP, a token backed by Ripple Labs, has experienced a period of stagnation in value since entering a legal battle with the US SEC. On the other hand, historical data shows that after halving cycles, there is often a sharp increase in altcoins. However, this does not always guarantee future price movements.

Love

0.0/5

Love

Latest

Binance.us Accused Of Political Favoritism After Listing Trump Family’s Usd1 Token

News | Editor Choice | Policy & Regulations

Binance.US Accused of Political Favoritism After Listing Trump Family’s USD1 Token

Binance.US is facing a wave of fierce criticism after listing the Trump family’s USD1 stablecoin, just a week after Donald Trump’s controversial pardon of Changpeng Zhao — a move many see as a “political favor” between the White House and the crypto world.

Spacex Moves $31 Million In Bitcoin, What Is Elon Musk Planning

News | Bitcoin | Editor Choice

SpaceX Moves $31 Million in Bitcoin, What Is Elon Musk Planning?

SpaceX’s sudden $31 million Bitcoin transfer within just one week has sent shockwaves through the market, sparking speculation that Elon Musk may be preparing for a mysterious strategic move.

21shares Files For Hype Etf, While Bitwise’s Solana Etf Records

News | Altcoin | Editor Choice

21Shares Files for HYPE ETF, While Bitwise’s Solana ETF Records

The crypto ETF market is heating up as 21Shares and Bitwise roll out new products, signaling Wall Street’s growing interest in altcoins.

Bitcoin Eyes A Hopeful November Amid Fed Division On December Rate Cut

News | Bitcoin | Editor Choice

Bitcoin Eyes a Hopeful November Amid Fed Division on December Rate Cut

Following the Federal Reserve’s widely expected rate cut, the crypto market has yet to show signs of recovery as internal divisions over a potential December easing weigh on sentiment, making Bitcoin’s short-term outlook more cautious than ever.

Ethereum’s Key Changes After The Fusaka Upgrade

News | Altcoin | Editor Choice

Ethereum’s Key Changes After the Fusaka Upgrade

The Fusaka upgrade marks a pivotal step in Ethereum’s journey toward large-scale scalability, promising faster transaction speeds, enhanced security, and laying the foundation for the next explosive phase of the world’s leading blockchain.

Screenshot 2025 10 20 091338