Foreign media reports indicate that on-chain data shows three recently established wallets collectively purchased 25,425 ETH within two hours, using a total of 50.04 million DAI, with an average purchase price of approximately $1,968. Because these three addresses were established around the same time and their purchases were synchronized, the market generally considers this a concentrated accumulation of shares by the same entity.
On-chain buy orders surge
The report, citing on-chain data, stated that the purchase occurred during an ETH rebound, making the timing somewhat sensitive. Ethereum's trading volume recently surged by 163%, coupled with concentrated buying by new addresses, leading the market to question whether a larger influx of funds is about to enter the market.
From the transaction structure, these large-scale purchases by new wallets are usually closer to adding new positions than internal transfers between old addresses. Since the true holders are not yet publicly disclosed, it's impossible to confirm whether they originate from institutional funds, but their operational methods are clearly different from scattered purchases.
- Purchase quantity: 25,425 ETH
- Payment amount: 50.04 million DAI
- Average price: Approximately US$1,968
Price test key range
The article argues that ETH has recently climbed back above its 20-day and 50-day moving averages, indicating an improvement in its short-term trend. Currently, the 100-day moving average area, roughly between $1,935 and $1,970, is attracting more attention, as the price is fluctuating within this range.
If the daily chart can hold above this range, the market may next target higher resistance levels. The report mentions that the 200-day moving average around $2,180 remains a significant resistance zone in the medium-term downtrend.
Foreign media reports that market sentiment is recovering.
Foreign media commentators believe that this whale buy adds new support signals for the ETH rebound. The core argument of the article is that large funds tend to gradually build positions when the trend begins to improve but is not yet fully confirmed, rather than waiting until the upward trend is fully formed before entering the market.
However, the report also points out that whether the current rebound can continue depends on whether ETH can hold the 100-day moving average. If it fails to hold, the price may fall back, and the market will then watch the support level around the 50-day moving average, approximately $1,750.
