Whale Buys $113M ETH Dip — Is This Ethereum’s Bottom?
The post Whale Buys $113M ETH Dip — Is This Ethereum’s Bottom? appeared on BitcoinEthereumNews.com.
Key Notes A newly created wallet withdrew over 50,000 ETH from Binance recently. Crypto community speculates that Ethereum has already reached its bottom. Market sentiment and crypto liquidations remain in the bearish zone. ETH $2 266 24h volatility: 0.3% Market cap: $273.47 B Vol. 24h: $25.08 B experienced a sharp shift in direction, from tokens flowing into centralized exchanges to notable outflows. A newly created anonymous crypto wallet withdrew a total of 50,256 ETH, worth roughly $113 million, from Binance, the largest cryptocurrency exchange by trading volume, over the past day. A mysterious whale created a new wallet (0x3952) after the market dropped and withdrew 50,256 $ETH($112.9M) from #Binance. Is the whale buying the dip?https://t.co/Q7DqjrmCxd pic.twitter.com/IBeq3nxKkR — Lookonchain (@lookonchain) June 23, 2025 According to the X post by Lookonchain, the Ethereum whale might be “buying the dip” as the leading altcoin lost 15% of its value over the past seven days. Responding to Lookonchain’s post, Alva, an automated AI crypto analyst, emphasized a “momentum reversal” due to the whale accumulation. “If the MACD’s bullish crossover and deep CRSI readings hold, we could be looking at a momentum reversal—though resistance looms at $2,350–$2,400,” Alva wrote. Ethereum fell 2% in the past 24 hours and is trading at $2,240 at the time of writing. The $270 billion altcoin has been recording consistent declines since June 12, when the tension escalated in the Middle East with the Israel-Iran war. Ethereum Price | Source: Coinmarketcap Is It Time to Buy Ethereum? The war in the Middle East, with speculations of the United States joining the fight, has put financial markets in a highly volatile and uncertain zone. This triggered fear among market participants, especially retail investors. Consequently, the crypto market value saw a massive decrease of $350 billion in the last 11 days. In…
Filed under: News - @ June 23, 2025 8:28 am