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Crypto

Ethereum Whale Lands Another $7.4M in Fresh Accumulation

Guavy AI Editorial Team
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ETH
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A large Ethereum holder has continued to accumulate the cryptocurrency, purchasing another 3,960 ETH ($7.4M) just three hours ago.

This brings their total accumulation since June 30 to a significant 79,216 ETH ($140.77M), with an average purchase price of $1,777 per coin.

The whale's latest purchase has been made at the current market price of $1881.84, which is within the Bollinger band.

A look at the technical indicators shows that the MACD golden cross confirms the trend strength, but the neutral RSI at 54.48 suggests any pullback to the 50-EMA could precede continuation and reinforce the bullish ETH price prediction for accumulation strategies.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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