In this here bear market, where folks are more bearish than a grizzly in a honey shop, one crypto whale took a shine to Ethereum (ETH) like a kid to a candy store. On this fine day of March 29, 2025, those busybodies at Lookonchain, a company that peeps into blockchain like it’s a neighbor’s window, hollered on X (the newfangled Twitter) that a crypto whale swam away with 3,195 ETH worth a cool $5.97 million.
Now, this here whale didn’t just buy a few ETHs and call it a day; no sir, he bought ’em by the boatload. Since March 26, 2025, this deep-pocketed fella scooped up 29,341 ETH worth a whopping $58.18 million, paying an average of $1,983 a pop. Why, you’d think he was stockpiling gold, not digital funny money!
A whale bought 3,195 $ETH($5.97M) at $1,868 again 1 hour ago!
Since March 26, this whale has bought 29,341 $ETH($58.18M) at an average price of $1,983.
— Lookonchain (@lookonchain) March 29, 2025
This here whale’s shopping spree might just be the signal for the rest of us to dive into the ETH pool. Could be the bottom of the barrel, or it might just be the start of a whale-sized rally. Time will tell, but it’s enough to make a man’s eyes pop out like a cartoon character!
Now, despite this whale’s grand gestures, ETH’s price is as stubborn as a mule. It’s still trading near $1,821, down over 2.50% in the past 24 hours. And the trading volume? It’s dropped like a rock, down 35%. Looks like traders and investors are taking a nap, or maybe they’re just too scared to dip their toes in the water.
Experts with their fancy charts and graphs say ETH’s at a crossroads. It’s either gonna soar like an eagle or plummet like a rock. We’re all on the edge of our seats, I tell ya.
On the daily timeframe, ETH’s looking like it’s trying to make a double-bottom, like a fella trying to get back on his feet after a good ol’ knockdown. If it holds above $1,820, we might just see it jump 17% to $2,100. But if it falls through and closes below $1,800, well, it could drop like a hot potato to $1,550. Place your bets, folks!
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2025-03-29 20:08