Ethereum Whale Re-emerges After Dormancy
A mysterious Ethereum whale dormant for seven months deployed over $111 million in USDT to accumulate ETH as price hovered above $2,170 amid crypto slip.
The whale spent 111.62 million USDT to buy 50,706 ETH at an average price of $2,201, mirroring a sale one year prior of 28,683 ETH at $3,892 each netting identical value.
This buy-low-sell-high execution highlights whale conviction amid potential rebound, similar to buys by entities like Bitmine.
A mysterious whale returned after 7 months of inactivity and spent 111.62M $USDT to buy back 50,706 $ETH at an average price of $2,201. 1 year ago, this whale sold 28,683 $ETH at an average price of $3,892 for 111.62M $USDT. What a perfect buy-low-sell-high move!... — Lookonchain (@lookonchain) March 19, 2026
ETH Price Holds Amid Market Pressures
Ethereum bounced off crucial $2,150 level as Bitcoin revisited $70,000 support, with price near $2,170 testing key zone.
Technical picture shows $2,100 as pivotal support aligning rising trendline and 50-day EMA resistance at $2,215 that bulls must clear.
Move above $2,000 eyes $2,400-$2,500 target at 100 EMA, while breakdown risks $2,000 or cycle low $1,800 amid inflation and geopolitical headwinds.
