Ethereum Whale Adds Another $7.4 Million in Latest Buying Spree

A large Ethereum investor has continued their buying spree, adding another $7.4 million worth of ETH to their portfolio.

The whale, identified as 0x2684, purchased an additional 3,960 ETH in the past three hours, bringing their total holdings to 79,216 ETH at an average price of $1,777 per unit.

This latest purchase extends a buying spree that began on June 30 and now totals $140 million in assets held by this single investor. The whale has also acquired 1,400 WBTC worth an average of $63,887 each.

The Ethereum price prediction models will need to take into account the sustained accumulation of ETH by this large investor. Despite the tight correlation between BTC and ETH, the market remains cautious as the EMA50 at $1,876.94 and EMA200 at $1,831.4 suggest a bullish structure.