Ethereum (ETH)The second-largest crypto by market cap gained almost 3% over the previous day to climb above $1,900 on Monday. Altcoins are as follows BitcoinThe trick of Invezz.com news revealed that bitcoin renewed its upward momentum following the debt ceiling tentative deal.
Ethereum has soared in optimism after an inactive whale address moved ETH tokens over the weekend, breaking nearly eight years of inactivity.
Meanwhile, crypto analysts believe that Ether may head towards the $2,000 price area, where it may face a challenging hurdle. The altcoin formed a solid support at $1,786 – $1,839 (3.54M addresses bought 8.85M Ether in this area).
Buyers should prepare for heavy resistance at $2,063 – $2,120 (823,540 wallets bought 24M Ether in this price area). Meanwhile, Ethereum has outpaced Bitcoin’s movements since January 2023. Alt has gained 60% since the start of the year.
Ethereum wallets have woken up since 2015
Fascinating development suggests dormant Ethereum wallet to become active after ICO in 2025.
The address received 8,000 coins during the ICO and remained inactive until May 27. Owners transfer one token on Saturday before sending 7,999 ETH a minute later.
The token is worth approximately $15 million at the current ETH price. Meanwhile, the investor paid $2,500 during the ICO in 2015. Meanwhile, the cryptocurrency community has speculated about the reason for the latest Ethereum transfer.
Multiple Ethereum wallets (from the ICO period) have become active in the last few months. For example, on April 24 an address containing 2,365 ethereum tokens was transacted for the first time in nearly eight years – sending 2,360 or 2.365 ether tokens to a new wallet.
Also, another inactive wallet sent 10,226 ETH to a new wallet on March 5, ending five years of inactivity. In addition, analyst LookOnChain Tweeted (May 29) that an Ethereum whale deposited $44 million worth of ETH on Binance.
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