Ethereum is trading at $2,340 as April closes out, having quietly done what it failed to accomplish for the better part of six months: break out of the descending channel that has defined its entire corrective structure since October 2025. The breakout is fresh, unconfirmed on higher timeframes, and happening right below the $2.
A wallet dormant since 2015 just moved 10,000 ETH—but analysts say a custody restructuring, not a sell, is the likely explanation.
Andean Medjedovic, the Canadian national charged by the U.S. Department of Justice for stealing $65 million across two decentralized finance ( Defi) exploits, moved 2,900 ETH worth $6.8 million to Tornado Cash on Wednesday. Key Takeaways: Andean Medjedovic moved 2,900 ETH worth $6.8 million to Tornado Cash on April 29, 2026.
A wallet from Ethereum's 2014 ICO just woke up. On Wednesday, someone moved 10,000 ETH—worth $22.88 million—out of a wallet that hadn't budged in over a decade.
An Ethereum initial coin offering ( ICO) participant transferred 10,000 ETH worth $22.88 million to a new wallet on Wednesday after the address sat dormant for over a decade, converting a $3,100 investment into a 7,381x return. Key Takeaways: Wallet 0xCD59 transferred 10,000 ETH worth $22.88 million after lying dormant for 10.8 years.
Ethereum is currently hovering around the $2,290–$2,300 range following a two-day pullback that erased approximately 5% of its value and eliminated weekend price gains. The asset now finds itself compressed between the 100-day exponential moving average (EMA) positioned at $2,350 on the upside and the 100-day simple moving average (SMA) at $2,220 on the downside.
There's a pattern, with a huge lead in RWAs and stablecoins too.
On-chain data shows the Ethereum network is nearing in on the 190 million holders milestone, hosting more than triple the userbase of Bitcoin.
Bitmine Immersion Technologies has accelerated its Ethereum accumulation strategy, building one of the largest corporate crypto treasuries as it positions itself as a proxy for institutional exposure to the asset.
The Ethereum whale address received the ETH on July 30, 2015, after participating in the ICO event with $3,100.
LayerZero Labs allocates 10,000 ETH to boost interoperability and growth of selected DeFi protocols. The program aims to mitigate liquidity fragmentation through the use of the Omnichain Fungible Token (OFT) asset standard. The initiative reinforces the infrastructure's commitment to a more robust and connected multichain ecosystem.
Ethereum price started a fresh decline and traded below $2,300. ETH is now consolidating above $2,250 and might struggle to recover.