{"id":366887,"date":"2025-02-12T22:43:01","date_gmt":"2025-02-12T17:13:01","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=366887"},"modified":"2025-02-12T22:43:01","modified_gmt":"2025-02-12T17:13:01","slug":"ethereum-bulls-buy-600000-coins-can-eth-price-reach-10k-ahead-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethereum-bulls-buy-600000-coins-can-eth-price-reach-10k-ahead-crypto-news\/","title":{"rendered":"Ethereum Bulls Buy 600,000 Coins, Can ETH Price Reach $10K Ahead? – Crypto News"},"content":{"rendered":"

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Against the backdrop of a broader crypto market slump in recent days, Ethereum bulls have capitalized on the opportunity by buying the dip. Recent whale data by a top crypto market analyst disclosed that a whopping 600,00 coins were accumulated over the past seven days, suggesting a rally ahead for ETH price.<\/p>\n

Ethereum Bulls On Buying Spree Indicate Pump Looms<\/h2>\n

According to an X post<\/a> by crypto market analyst Ali Martinez on February 12, Ethereum whales purchased 600,000 coins over the past week. Further, data revealed that the massive accumulations occurred as the asset\u2019s price plunged from the $2,800 to $2,600 level.<\/p>\n

\"Ethereum
Source: Ali Charts, X<\/figcaption><\/figure>\n

Notably, the whales\u2019 trading strategy amid this waning action flagged a \u2018buy-the-dip\u2019 opportunity in the market. For context, heightened interest among large-scale investors amid a price drop conveys optimism about the coin\u2019s future performance.<\/p>\n

Crypto Market Volatility: A Flash Risk?<\/h2>\n

Nevertheless, it\u2019s worth taking into account the current crypto market volatility<\/a>, which is primarily attributable to macroeconomic developments. Following U.S. Fed Jerome Powell\u2019s hawkish stance in his testimony, risk assets like crypto witnessed immense selling pressure, CoinGape reported.<\/p>\n

Further, the looming U.S. CPI<\/a> and PPI data have also pushed investors to be cautious. However, the massive accumulation by Ethereum bulls indicated that the sector\u2019s volatility may be short-lived. The massive buying flags the asset\u2019s potential to recover from the current turbulence and offer massive gains ahead.<\/p>\n

ETH Price To Rally? Analysts Remain Bullish Sparking Optimism<\/h2>\n

At the time of reporting, ETH price tanked over 4% intraday, reaching $2,601. The coin\u2019s 24-hour bottom and high were $2,565.40 and $2,724.90, respectively. The current waning action, despite rising buying pressure, aligns with the broader crypto market trend.<\/p>\n

However, renowned market experts have conveyed remarkable optimism about the asset\u2019s future performance. Market enthusiast \u2018Merlijn The Trader\u2019 took to X, spotlighting that ETH\u2019s weekly chart shows the formation of a \u2018Golden Cross.\u2019 Citing historical trends, the analyst believes this to be the catalyst for a massive upside ahead. While this bullish prediction echoed a buzz, another renowned market expert offered a bullish outlook for the asset.<\/p>\n

\"ETH\"ETH
Source: Merlijn The Trader, X<\/figcaption><\/figure>\n

\u2018Ash Crypto\u2019 has recently posted on X, saying, \u201cEthereum in current cycle is perfectly mimicking Bitcoin last cycle.\u201d According to the analyst, following the completion of the \u2018multi-year accumulation phase\u2019 and \u2018Re-accumulation and manipulation phase,\u2019 the coin eyes a new ATH. Per the analyst, a $10K target \u201cis programmed this cycle.\u201d Overall, these bullish projections solidified investor optimism on the future performance, further escorted by the heavy whale buying.<\/p>\n

\"ETH\"ETH
Source: Ash Crypto, X<\/figcaption><\/figure>\n
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Coingape Staff <\/p>\n<\/p><\/div>\n

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article. <\/p>\n<\/p><\/div>\n

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n

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Against the backdrop of a broader crypto market slump in recent days, Ethereum bulls have capitalized on the opportunity by buying the dip. Recent whale data by a top crypto market analyst disclosed that a whopping 600,00 coins were accumulated over the past seven days, suggesting a rally ahead for ETH price. Ethereum Bulls On […]<\/p>\n","protected":false},"author":2,"featured_media":362272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-366887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/366887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=366887"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/366887\/revisions"}],"predecessor-version":[{"id":366900,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/366887\/revisions\/366900"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/362272"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=366887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=366887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=366887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}