Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
No Result
View All Result

Ethereum Whales Front Run Major Move, On-Chain Data Suggests

Altszn.com by Altszn.com
November 30, 2022
in Ethereum
0
Ethereum Whales Front Run Major Move, On-Chain Data Suggests
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter


The Ethereum price is up 4.3% in the last 24 hours, following the general market sentiment of the crypto market. In anticipation of today’s speech by US Federal Reserve chairman Jerome Powell at the Brookings Institution, crypto bulls seem to be anticipating possible dovish comments.

At press time, Ether (ETH) was trading at $1,265, with trading volume continuing to fall to just $7.8 billion, down about 2.8% from the previous day. With the current move, Ethereum has managed to break through the key resistance at $1,230.

As NewsBTC reported, resistance at $1,288 (on Binance) is now up for grabs before the first major resistance is encountered at the $1,300 level. In addition, investors should keep an eye on the $1,330 level as this is the threshold to recoup losses from the FTX crash.

Ethereum ETH USD 2022-11-30
Ethereum trading at $1,265; 4-hour-chart. Source: Twitter

Ethereum Whales Foreshadowing Bigger Price Moves

Meanwhile, data from Santiment is backing the bullish case for Ethereum (ETH). The on-chain analytics firm shared that Ethereum’s large key addresses have increased since the FTX debacle in early November.

In the chart below, the key moments when “sharks” and “whale” addresses accumulated and dumped ETH can be seen. The number of 100 to 100.000 ETH addresses is at a 20-month high, while the price is still lagging behind.

The whale and shark activity could thus be a harbinger of a further upward trend.

Santiment Ethereum
Source: Twitter

But there is also second on-chain indicator which is showing the strength of Ethereum bulls. As Santiment also reports, the number of active addresses rose yesterday to the highest level in over six weeks, “that likely factored into today’s price growth”.

On October 15, the last time the number of addresses was this high, the price of ETH increased by 30% over the next 3 weeks, the company analyzed.

Santiment Ethereum adresses
Source: Twitter

In this regard, the on-chain analytics service “Lookonchain” has noted that one whale has been particularly aggressive in its buying behavior. The ominous whale bought ETH after the FTX/Alameda crash, a total of 17,225 ETH since Nov. 8, the equivalent of about $21.25 million. The average price was $1,234.

The whale bought a portion on Kraken, 5,923 ETH, and the other portion, 11,302 ETH, on Uniswap. He is the 101st largest ETH holder with 116,274 ETH, the equivalent of about $147 million. And he is referred to as the “Maker Vault Owner” on EtherScan.

Renowned Expert Is Bullish

On the other hand, the founder and CEO of 10T Holdings and Gold Bullion, Dan Tapiero, shared a simple but very bullish observation in the Ethereum chart via Twitter – something Bitcoin (BTC) has failed to do:

I want to be very clear here. The fact that Ethereum could not make a new low in price in the face of the most negative news (Ftx fraud) of the year is extremely bullish for Eth going forward. Yes, sometimes it is that simple.





Read More: newsbtc.com

Tags: dataETHEthereumfrontMajorMoveOnChainRunSuggestswhales
ADVERTISEMENT

Recent

Asset tokenization expected to speed capital flows, says Chainlink’s Nazarov

Asset tokenization expected to speed capital flows, says Chainlink’s Nazarov

May 15, 2025
Cardano Eyes Milestone as Hoskinson Teases Blockchain’s First Privacy Stablecoin

Cardano Eyes Milestone as Hoskinson Teases Blockchain’s First Privacy Stablecoin

May 15, 2025
Canada lags with stablecoin approach, but there’s room to catch up

Canada lags with stablecoin approach, but there’s room to catch up

May 15, 2025

Categories

  • Bitcoin (4,858)
  • Blockchain (11,412)
  • Crypto (9,352)
  • Dark Web (549)
  • DeFi (8,397)
  • Ethereum (4,905)
  • Metaverse (7,531)
  • Monero (290)
  • NFT (1,481)
  • Solana (5,047)
  • Web3 (20,710)
  • Zcash (510)

Category

Select Category

    Advertise

    Advertise your site, company or product to millions of web3, NFT and cryptocurrency enthusiasts. Learn more

    Useful Links

    Advertise
    DMCA
    Contact Us
    Privacy Policy
    Shipping & Returns
    Terms of Use

    Resources

    Exchanges
    Changelly
    Web3 Jobs

    Recent News

    Asset tokenization expected to speed capital flows, says Chainlink’s Nazarov

    Asset tokenization expected to speed capital flows, says Chainlink’s Nazarov

    May 15, 2025
    Cardano Eyes Milestone as Hoskinson Teases Blockchain’s First Privacy Stablecoin

    Cardano Eyes Milestone as Hoskinson Teases Blockchain’s First Privacy Stablecoin

    May 15, 2025

    © 2022 Altszn.com. All Rights Reserved.

    No Result
    View All Result
    • Home
      • Home – Layout 1
      • Home – Layout 2
      • Home – Layout 3

    © Altszn.com. All Rights Reserved.

    • bitcoinBitcoin (BTC) $ 103,576.00
    • ethereumEthereum (ETH) $ 2,550.32
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.40
    • bnbBNB (BNB) $ 652.76
    • solanaSolana (SOL) $ 169.08
    • usd-coinUSDC (USDC) $ 0.999903
    • dogecoinDogecoin (DOGE) $ 0.220372
    • cardanoCardano (ADA) $ 0.765080
    • tronTRON (TRX) $ 0.273935
    • staked-etherLido Staked Ether (STETH) $ 2,546.35
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 103,441.00
    • suiSui (SUI) $ 3.86
    • wrapped-stethWrapped stETH (WSTETH) $ 3,077.63
    • chainlinkChainlink (LINK) $ 16.02
    • avalanche-2Avalanche (AVAX) $ 23.46
    • stellarStellar (XLM) $ 0.292113
    • shiba-inuShiba Inu (SHIB) $ 0.000015
    • hyperliquidHyperliquid (HYPE) $ 26.03
    • hedera-hashgraphHedera (HBAR) $ 0.198561
    • leo-tokenLEO Token (LEO) $ 8.72
    • bitcoin-cashBitcoin Cash (BCH) $ 395.63
    • the-open-networkToncoin (TON) $ 3.08
    • litecoinLitecoin (LTC) $ 99.44
    • polkadotPolkadot (DOT) $ 4.78
    • usdsUSDS (USDS) $ 0.999913
    • wethWETH (WETH) $ 2,545.77
    • pi-networkPi Network (PI) $ 0.901661
    • moneroMonero (XMR) $ 335.17
    • wrapped-eethWrapped eETH (WEETH) $ 2,720.26
    • bitget-tokenBitget Token (BGB) $ 4.88
    • pepePepe (PEPE) $ 0.000013
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 103,480.00
    • whitebitWhiteBIT Coin (WBT) $ 30.24
    • bittensorBittensor (TAO) $ 433.81
    • uniswapUniswap (UNI) $ 6.21
    • daiDai (DAI) $ 1.00
    • nearNEAR Protocol (NEAR) $ 2.88
    • aaveAave (AAVE) $ 223.29
    • aptosAptos (APT) $ 5.33
    • okbOKB (OKB) $ 53.56
    • ondo-financeOndo (ONDO) $ 0.971785
    • kaspaKaspa (KAS) $ 0.116996
    • jito-staked-solJito Staked SOL (JITOSOL) $ 202.51
    • crypto-com-chainCronos (CRO) $ 0.101433
    • internet-computerInternet Computer (ICP) $ 5.41
    • ethereum-classicEthereum Classic (ETC) $ 18.91
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • bitcoinBitcoin (BTC) $ 103,576.00
    • ethereumEthereum (ETH) $ 2,550.32
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.40
    • bnbBNB (BNB) $ 652.76
    • solanaSolana (SOL) $ 169.08
    • usd-coinUSDC (USDC) $ 0.999903
    • dogecoinDogecoin (DOGE) $ 0.220372
    • cardanoCardano (ADA) $ 0.765080
    • tronTRON (TRX) $ 0.273935
    • staked-etherLido Staked Ether (STETH) $ 2,546.35
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 103,441.00
    • suiSui (SUI) $ 3.86
    • wrapped-stethWrapped stETH (WSTETH) $ 3,077.63
    • chainlinkChainlink (LINK) $ 16.02
    • avalanche-2Avalanche (AVAX) $ 23.46
    • stellarStellar (XLM) $ 0.292113
    • shiba-inuShiba Inu (SHIB) $ 0.000015
    • hyperliquidHyperliquid (HYPE) $ 26.03
    • hedera-hashgraphHedera (HBAR) $ 0.198561
    • leo-tokenLEO Token (LEO) $ 8.72
    • bitcoin-cashBitcoin Cash (BCH) $ 395.63
    • the-open-networkToncoin (TON) $ 3.08
    • litecoinLitecoin (LTC) $ 99.44
    • polkadotPolkadot (DOT) $ 4.78
    • usdsUSDS (USDS) $ 0.999913
    • wethWETH (WETH) $ 2,545.77
    • pi-networkPi Network (PI) $ 0.901661
    • moneroMonero (XMR) $ 335.17
    • wrapped-eethWrapped eETH (WEETH) $ 2,720.26
    • bitget-tokenBitget Token (BGB) $ 4.88
    • pepePepe (PEPE) $ 0.000013
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 103,480.00
    • whitebitWhiteBIT Coin (WBT) $ 30.24
    • bittensorBittensor (TAO) $ 433.81
    • uniswapUniswap (UNI) $ 6.21
    • daiDai (DAI) $ 1.00
    • nearNEAR Protocol (NEAR) $ 2.88
    • aaveAave (AAVE) $ 223.29
    • aptosAptos (APT) $ 5.33
    • okbOKB (OKB) $ 53.56
    • ondo-financeOndo (ONDO) $ 0.971785
    • kaspaKaspa (KAS) $ 0.116996
    • jito-staked-solJito Staked SOL (JITOSOL) $ 202.51
    • crypto-com-chainCronos (CRO) $ 0.101433
    • internet-computerInternet Computer (ICP) $ 5.41
    • ethereum-classicEthereum Classic (ETC) $ 18.91
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00