Ethereum whale buys $127m in ETH during dip, sparking bullish sentiment
The post Ethereum whale buys $127m in ETH during dip, sparking bullish sentiment appeared on BitcoinEthereumNews.com.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Whale buys $127m in ETH during dip, boosting confidence as options expiry and global tensions shake markets. Ethereum (ETH) is hovering around $2,547 and sparking major interest after a whale scooped up 48,825 ETH for $127 million, at an average of $2,605. This large purchase came during a short dip in price, largely due to global tensions and option expiries, signaling solid long-term confidence. The same investor had already profited $30 million from previous ETH trades, confirming this wasn’t a gamble. Middle East concerns and the expiry of over 242,000 ETH options on Deribit led to market jitters, but the whale’s buy-in helped stabilize sentiment. With a current put-call ratio at 1.20 and a max pain point at $2,700, many believe a strategic move is underway. Ethereum Technical outlook: $2,800 or $2,400? Ethereum is now trading in a tight band between $2,518 (23.6% Fibonacci retracement) and the 50 EMA at $2,580. Here’s what to watch: Bullish scenario: Entry: Close above 38.2% Fib ($2,568) and 50 EMA Stop-loss: Below $2,500 Targets: $2,607 (50% Fib), then $2,647 (61.8% Fib) Bearish Scenario: Entry: Drop below $2,518 Stop-loss: Above $2,540 Targets: $2,440, potentially $2,300 Blockchain bridges: How real utility is built Bridges in blockchain allow assets and data to move between different networks. The standard approach locks tokens on one chain and mints an equivalent on another like moving funds from Ethereum to BTC. Key features: Smooth movement of assets across chains. Choice between centralized and decentralized types. Easier use across various ecosystems. This is exactly where Pepeto adds serious value. As Ethereum pushes for higher levels, Pepeto uses bridge technology to create a cross-chain, swap-enabled exchange. This makes transfers between Ethereum, BNB, and Solana simple and…
Filed under: News - @ June 18, 2025 6:28 am