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Massive Ethereum Whale Scoops $126 Million ETH, Will Buying Momentum Spike?

Ethereum price continues its rocky patch alongside the wider digital asset market. This phase has seen huge whale offloads, lowering institutional demand in the altcoin for the second consecutive week. At press time, ETH price trades at $2,828, a sharp 12% upsurge in the last 24 hours. Amid plunging numbers, whales have recorded large buys repositioning assets ahead of the next bull run. Whale Buys Huge ETH Holdings In the last 24 hours, several large holders have moved the asset off exchanges to other custodians while others recorded outright buys. Crypto analytics firm, Lookonchain wrote on X that a wallet belonging to “7 Siblings” acquired 5,382 ETH worth approximately $14.5 million. Previously, the whale picked up 45,047 ETH, spending $111 million after the price crashed below $2,500. Overall, the whale acquired $126 million worth of Ethereum, “buying the dip” while retail holders exited the market. This strategy is effective with large holders as they shape general sentiments and usually purchase in dips, anticipating cycle peaks. Lookonchain said 7 Siblings purchased a large amount in August after the price plummeted. The recent acquisition was met with soaring optimism from the community after days in the doldrums. Although the asset continues in the red zone, hourly trading shows signs of a slight jump as accumulation picks up. CryptoQuant researchers expect short-term accumulations signaling slight upticks. “ All players in the accumulation zone have been liquidated. We can see that players have been sidelined due to the decline in the open interest indicator. If we can break above the market breakdown zone, it will be positive. Funding rates were declining but have now started to rise. I believe that those expecting an upward move will be manipulated one last time…” they added. Can Institutional Traders Spark A Price Jump? Recent inflows can help swing Ethereum’s price despite low sentiments from holders and traditional players. Last year, wealth managers tipped the ETH to record the highest growth because of its staking feature and upcoming spot ETFs. However, spot Ethereum ETFs fell below par compared to Bitcoin products , which attracted large numbers. Several analysts opine that institutional holders can mark a turning point with Donald Trump’s inauguration . The altcoin remains in a good position to lead a possible altcoin season as bulls flag a $5K mark. Among reasons for the expected inflow to affect its price is the growing adoption of decentralized finance (DeFi) protocols.

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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

AI predicts Cardano (ADA) price for February 28 as whales go on a selling spree

The price of Cardano ( ADA ) is showing recovery in line with the general cryptocurrency market , but whale activity is signaling possible volatility in the coming days. ADA was trading at $0.75 as of press time, surging over 11% in the last 24 hours. However, the decentralized finance ( DeFi ) asset is down 20% on the weekly chart. ADA seven-day price chart. Source: Finbold Notably, ADA and other digital currencies have shown strength since President Donald Trump agreed to pause the 25% tariff imposed on Canada and Mexico for a month. Amid this market volatility, on-chain data indicates that whale investors have dumped over 330 million ADA in recent weeks, according to data shared by prominent on-chain cryptocurrency analyst Ali Martinez in an X post on January 4. ADA whale transactions. Source: Santiment/ Ali_charts This massive sell-off coincided with a steep decline in ADA’s price, raising concerns among investors about the cryptocurrency’s near-term trajectory. Notably, despite ADA’s sharp dip in recent days, these whales have refrained from buying back at lower levels, signaling potential caution in the market. AI predicts ADA price Typically, such moves point to the possibility of an asset dropping in value. To this end, Finbold turned to its artificial intelligence (AI) tool to determine how ADA might trade in the short term, specifically on February 28. The AI tool, leveraging several models, set an average price target of $0.83, suggesting a possible 9.2% increase. One of the bullish outlooks omitted from OpenAI’s Chat GPT-4o , which predicted ADA would surge to $0.95, a 25.4% jump. This bullish outlook is attributed to strong upward momentum, supported by ADA’s position above the 200-day simple moving average ( SMA ). Another forecast comes from Claude 3 Opus , which anticipates a rise to $0.92, marking a 21.4% increase. This projection highlights the influence of a bullish “ golden cross ” between the 50-day and 200-day moving averages. However, it notes the market remains cautiously optimistic, with potential volatility still a factor. On the more conservative side, ChatGPT-4o Mini predicts ADA could dip to $0.62, representing an 18.6% decrease. While it acknowledges some positive momentum, this forecast reflects a less optimistic view of short-term market dynamics. Meanwhile, GPT-3 Mini projects have climbed moderately to $0.81, a 6.2% increase. Finbold AI ADA price prediction. Source: Finbold ADA technical indicators Looking at the ADA chart setup, an analysis by pseudonymous cryptocurrency analyst BullishBanter highlighted the token’s path to the $1 mark. In an X post on February 4, the analyst pointed to Cardano’s recent dip to $0.75 as a potential turning point, with the liquidity sweep signaling a “Change of Character” (ChoCH) and a possible shift in market structure. The move taps into a high-liquidity zone, setting the stage for a reversal toward the $0.95 to $1.10 resistance range, supported by price imbalances and structural highs. For bulls to take control, ADA must reclaim $0.85 to $0.95 as support. Failure to do so risks renewed selling pressure below $0.75. ADA price analysis chart. Source: BullishBanter While ADA price remains below the 50-day SMA of $0.964543, it is above the 200-day Simple Moving Average (SMA) at $0.620169, indicating a longer-term bullish trend. The relative strength index ( RSI ) of 36.63 suggests ADA is slightly oversold, offering a possible buying opportunity. Market sentiment is mixed, with bearish signals contrasting a high Fear & Greed Index score of 72 (“Greed”). Featured image via Shutterstock The post AI predicts Cardano (ADA) price for February 28 as whales go on a selling spree appeared first on Finbold . ZyCrypto

Bitcoin and Dogecoin: Market Trends and Predictions Spark Conversations

Bitcoin remains stable at $99,300 with minimal fluctuations. Dogecoin struggles to surpass $0.27 due to BTC volatility. Continue Reading: Bitcoin and Dogecoin: Market Trends and Predictions Spark Conversations The post Bitcoin and Dogecoin: Market Trends and Predictions Spark Conversations appeared first on COINTURK NEWS . ZyCrypto