The wallet identified as 0x77a5 sold 8,500 Ethereum for an approximate value of $19.3 million in USDC. Following the operation, the entity liquidated all its outstanding loans and withdrew its remaining assets from the Aave protocol. The cryptocurrency's price recorded a daily drop of 2.5%, settling near $2,254 at the end of the day.
Ethereum (ETH) is approaching a critical moment as its price continues to compress between short-term support and a descending resistance trendline. After recovering from a sharp decline in February, ETH managed to climb back into the $2,200$2,300 range.
Latest Ethereum on-chain activity has given traders a clear reason to look at the sell side. A series of large ETH transfers tied to wallets linked with Galaxy Digital has raised questions about whether whales are actively dumping into the market.
Bitmine acquired nearly 65,000 ETH worth about $147 million within 24 hours, including a latest 20,000 ETH purchase valued around $44.8 million. The fund reportedly used advanced execution methods to limit price impact while turning Ethereum's consolidation into a major accumulation window.
Trump's World Liberty linked and Genesis Trading moved 9,982 ETH, worth $22.65 million.
Ethereum layer-2 network MegaETH will unlock its native MEGA token over time, and reward it to users, as key benchmarks are met.
The Ethereum Applications Guild launches as a global non-profit to fund, coordinate, and grow Ethereum's app layer using membership fees and ETH staking yield.
ECB held rates at April 30 meeting but Lagarde stressed rising inflation and growth risks from Iran war, signaling June hike possibility.
BlackRock has transferred 16,609 ETH and 725.36 BTC to Coinbase Prime, according to blockchain data, drawing attention from market participants tracking institutional crypto movements.
Ethereum price fell 5% to nearly $2,200 on Thursday, as the asset remains in a downtrend for the fourth straight day. Now, a confirmed breakdown below a key ascending trendline positions it for more downside in the coming sessions.
Ethereum longs are building on Binance as ETH trades near $2,256 and faces key resistance around $2,400.
Traders aggressively bought the ETH dip within one hour as the Fed kept rates at 3.5%–3.75%