Ethereum whale buys ETH: a near-$6B BTC holder shifted $1.1B into a new wallet and purchased $434.7M of ETH via HyperUnit, bringing total ETH buys above $3B and leaving roughly $650M reserved — a move that could fuel upside if $4.8K resistance is breached.
Whale accumulation: $3B+ ETH purchases, $650M queued
Market pressure: $7.23B in shorts at $4.8K could trigger squeezes
Technicals: RSI ~54.6 and OBV showing steady buying, key support ~ $4.4K
Meta description: Ethereum whale buys ETH: $3B+ accumulated, $650M pending, eyes $4.8K resistance — follow live analysis and what this means for ETH traders. Read now.
What triggered the Ethereum whale move?
Ethereum whale buys ETH after shifting $1.1 billion into a fresh wallet, then spending $434.7 million on ETH via HyperUnit. The move pushed total ETH purchases above $3 billion, with most holdings staked and an additional ~$650 million earmarked for future buys.
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The whale’s ETH purchases now exceed $3 billion, with the most recent buy of $434.7M executed after funding a new wallet with $1.1B. Approximately $650M remains allocated for ETH, suggesting follow-up accumulation is plausible within days, depending on execution and market liquidity.
Short interest around $4,800 represents more than $7.23 billion in leveraged short positions. A decisive break above $4.8K could force widespread liquidations and produce a short squeeze, converting bearish pressure into rapid upside momentum for ETH.
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Source: https://en.coinotag.com/bitcoin-whale-moves-billions-to-ethereum-could-push-eth-toward-4-8k-resistance/