An Ethereum (ETH) “ICO whale” has sold all of his ETH. The whale originally bought 76,000 ETH during Ethereum’s 2015 initial coin offering. The full liquidation happened just 30 minutes before the news was reported, shaking up online crypto discussions.
After selling, the whale moved 2,000 ETH, worth around $3.66 million, to the crypto exchange Kraken. The sudden exit raised questions about what prompted the whale to cash out after nearly a decade.
On the same day, BlackRock, the world’s largest asset manager, reportedly added 10,955 ETH, valued at roughly $20.1 million, to it’s Ether ETF. This adds to the firm’s earlier Ethereum investment of $54 million. The firm also recently invested about $674.91 million in Bitcoin-related ETFs.
Despite all this, Ethereum price still barely reacted. ETH is still trading at around $1,827, according to CoinMarketCap. Ethereum had tried to climb past $1,872 but dropped back. It then slipped to $1,813, which now looks like short-term support.
If ETH price stays above that level, it could head toward the $1,925 mark. However, if it drops below $1,813, the next focus is the April 30 low of $1,732. So far, the $1,813 support is holding, and no major breakout has happened yet.
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