- Whale’s $295M ETH bet reflects long-term bullish market sentiment.
- ETH must break $2,750 to confirm bullish continuation toward $3,500.
Ethereum is nearing a critical technical level as price consolidates below $2,750. According to crypto analyst Crypto Tony, Ethereum (ETH) is hovering just beneath a pivotal resistance zone around $2,750.
This level has acted as both support and resistance in previous cycles. A breakout above it could lead to a projected 20% price increase, targeting the $3,300 to $3,500 range.
ETH has rebounded significantly since falling below $2,000 in early May 2025. The price dropped as low as $1,850 but managed to reclaim the mid-range level near $2,250. It is now consolidating beneath a critical zone, where sellers have historically been active.
Coincryptonews recently analyzed that a close above $2,750 would mark a shift in momentum toward the bulls.
Whale Wallet 0xd8d0 Adds 115,465 ETH Since June 11
Lookonchain’s recent data revealed that Ethereum whale wallet address 0xd8d0 has accumulated 115,465 ETH. The purchases began on June 11 and were made using nearly $295 million in USD Coin (USDC). The average entry price for the whale is around $2,555.
In the past 8 hours alone, the wallet deposited 24 million USDC on Coinbase before acquiring more ETH. In total, 30,000 ETH, worth approximately $73 million, have been purchased in the most recent round of accumulation.
Despite the buying pressure, the wallet currently holds a paper loss of around $15 million due to ETH’s struggle near the $2,750 barrier.
At the time of writing, Ethereum is trading at $2,443.60, down 4.36% in the past 24 hours. Earlier in the day, ETH reached $2,552.90 before reversing sharply. The price has since stabilized near the $2,440 zone, suggesting caution until a clear breakout or rejection is confirmed.
Disclaimer:Â This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
