Bitmine Immersion bought another 26,659 ETH ($62 million) last week and now holds more than 5.2 million ETH in total.
The firm bought roughly 26,000 ether last week, a sharp decline from the average of the previous weeks' 100,000.
A wallet linked to Garrett Jin, founder of the now-defunct exchange Bitforex, has deposited all 577,896 ether into Binance over just four days, closing out a position he acquired by swapping bitcoin for ETH when ether was trading at $4,591. A $1.
A crypto analyst has just predicted multiple bullish price targets for Ethereum (ETH), but expecting a major dip to critical support levels first before a sharp rally toward $6,000. From there, he outlines a roadmap to much higher targets, with $24,000 set as the ultimate parabolic zone.
Ethereum inflows raise capitulation fears, yet Binance data shows mega whales steadily absorbing supply.
Ethereum trades near $2,332 as Binance leverage cools, making spot demand key while traders watch the $2,450 range top for breakout signs.
A prominent Ethereum holder known as Garrett Jin has transferred his complete holdings of 577,896 ETH — currently valued at roughly $1.35 billion — to the Binance exchange throughout a four-day timeframe. The movement was identified by blockchain analytics firm Lookonchain.
Ethereum price started a fresh increase above the $2,320 zone. ETH is now consolidating and might struggle to continue higher above the $2,385 resistance.
A Manhattan federal judge has approved the movement of approximately 30,766 ETH—valued at around $71 million—from the Arbitrum network to a wallet managed by the Aave decentralized lending protocol.
A dormant Ethereum whale from the launch era sold $23M in ETH after 10 years, stoking market jitters as traders weighed fresh sell-off risk near $2,300.
Bitmine chairman Tom Lee has once again shared a bullish outlook for Ethereum (ETH), predicting the cryptocurrency could surge to between $9,000 and $12,000 before the end of the year. Speaking at Consensus Miami, Lee also forecasted Bitcoin (BTC) could climb to as high as $200,000, signaling his belief that the crypto market has officially entered a new bullish cycle.
According to the latest on-chain data, the Ethereum-native iteration of USDT, the world's largest stablecoin, has just witnessed its largest exchange outflow in recent months. 1.29 Billion USDT Flow Out Of Crypto Exchanges In a May 9th post on the X platform, blockchain analytics firm Santiment revealed that USDT on the Ethereum network recently recorded its largest flow out of exchanges in months.