30s Summary

An anonymous investor has made over $224.42 million from selling Ether, with around $1.1 billion worth still in reserve. Despite the sell-off, Ether’s value has risen 7.5% and recently reached $3,369. Additionally, tech firm Cosmos sold over $10 million in Ether. Despite these large transactions, Ether’s value is expected to increase further and could reach its previous high of $3,700.

Full Article

A large investor who has been hoarding Ether for eight years has started to cash out big time. This whale gathered more than $1.34 billion in Ether when the average cost was $6 and began to sell off a heap of it following Trump’s election victory. It is estimated they’ve already sold close to $224.42 million Ether, but they still have around $1.1 billion left in reserve.

Interestingly, even though this whale has been selling, the price of Ether has shot up by more than 7.5% over this past week, and it just crossed the $3,369 mark. This upward trend is giving folks the hunch that Ether could very well take off and visit its all-time high once again.

But the big whale isn’t the only one causing a stir in the Ether market. Cosmos, a company that was one of the early birds when Ethereum was launched, has also been selling Ether. More specifically, they recently sold off a chunk of Ether worth over $10 million.

Still, these whale transactions haven’t discouraged investors. Ether is showing signs of breaking out and is expected to revisit the $3,700 resistance. This is based on the “bull flag,” a trading pattern that predicts an upcoming price hike, which Ether seems to be showing. So, despite these massive selloffs, Ether is showing potential to grow even further.