A legendary Bitcoin whale has just made a bet of $ 3.8b in Ethereum – Details

Eth: Force in numbers

The whale transaction has transfers of more than $ 1 million in August, coinciding with the ETH rise above $ 4,300. The big players have actively repositioned, adding impulse.

Source: Santiment

At the same time, open interests of ETH futures increased more than $ 70 billion before resolving about $ 60 billion.

Punctual and derivative markets are aligning behind Ethereum, and whales provide liquidity at one end and merchants increase exposure in the other.

Source: Canderlasss

ETH remains stable

At the time of publication, Ethereum quoted about $ 4,390, moving from side to its strong rally in early August.

The daily table showed little impulse, with the RSI that indicates a neutral zone. The MACD also pointed lower, so the short -term impulse had even slowed down when prices remained stable.

Source: TrainingView

This consolidation period showed that ETH stopped after recent profits, while whales continued to buy falls. The market seems to be in a cooling phase for now, but ready for its next movement.