Ethereum Whale Buys $95.7M in ETH from Fidelity-Linked Wallet

A large Ethereum whale made significant purchases and moves in the cryptocurrency market yesterday. The whale acquired approximately $95.7 million worth of ETH from a wallet linked to Fidelity, a well-known financial services company. This acquisition comes on top of another substantial purchase where the whale bought around $69.9 million worth of ETH just three hours prior.

The source of these funds appears to be a Coinbase-related address, which has sparked speculation about potential sales from this address in the future. However, there is no concrete evidence or confirmation to support this claim at present.

Ethereum price prediction models are now taking into account this significant whale transaction against its 4-hour chart, where the current ETH price sits at $1914.62 within a bullish structure. This structure is characterized by an upper resistance level of $1937.64 and a neutral RSI(14) reading of 59.02 combined with a MACD golden cross at 10.4.