Recent data regarding large asset movements in Ethereum has drawn attention from analysts and investors. This article examines the impact of this event on the market.
Asset Movement
Blockchain tracking from Lookonchain shows that an entity has accumulated 312,052 ETH across ten fresh wallets over the past eight days. This amount is roughly $300 million more than the $1 billion single-day record set by ETFs earlier this week.
Current Ethereum Analysis
Ethereum is currently trading near $4,460, still about 12% below its all-time high of $4,890. Analysts suggest that the buying pressure could help narrow that gap. Javier Rodriguez-Alarcón, CIO at XBTO, mentioned that the rally is consistent with Ethereum’s historical price patterns but could stall without fresh catalysts.
Market and Expectations
Despite sustained corporate treasury interest in ETH, some short-term holders have begun locking in profits, signaling caution. Ether's current Z-score of -0.06 indicates that the move remains within normal volatility ranges. The market is expected to keep a close watch on economic conditions and inflation data.
Recent movements of large assets in Ethereum may significantly influence the market. Investors are looking for new catalysts to continue price growth.
