Ethereum

Blast

2024

Coin

<ul class="news-points"> 
 <li><strong>A close above the $2,720 resistance could send ETH to $3,000.</strong></li> 
 <li><strong>A whale accumulated ETH worth $99.5 million and borrowed more.</strong></li> 
 <li><strong>Ethereum’s TVL increased, suggesting a possible ATH for ETH before 2024 ends.</strong></li> 
</ul> 
<p>According to Lookonchain, a whale has been accumulating <a href="https://coinedition.com/ethereum-eth-price-prediction/">Ethereum (ETH)</a>, and borrowing more while opening a long ETH position in the process. According to the post, the whale had withdrawn 39,900 ETH from Binance, Bybit, Bitfinex, and OKX since February 1.</p> 
<p>Later, the whale borrowed 56.8 million DAI from the lending platform ‘Spark’ and changed the decentralized stablecoin to ETH.</p> 
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   <p lang="en" dir="ltr">A whale is accumulating <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> and going long <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> by revolving loans on <a href="https://twitter.com/hashtag/Spark?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Spark</a>!<br><br>The whale has withdrawn 39.9K <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a>($99.5M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a>, <a href="https://twitter.com/hashtag/Bybit?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bybit</a>, <a href="https://twitter.com/hashtag/OKEx?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#OKEx</a> and <a href="https://twitter.com/hashtag/Bitfinex?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitfinex</a> since Feb 1 at an average price of $2,492, and borrowed 56.8M <a href="https://twitter.com/search?q=%24DAI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$DAI</a> from <a href="https://twitter.com/hashtag/Spark?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Spark</a>.<a href="https://t.co/9EQSrwHnJD" target="_blank" rel="nofollow">https://t.co/9EQSrwHnJD</a> <a href="https://t.co/6CydURt2pc" target="_blank" rel="nofollow">pic.twitter.com/6CydURt2pc</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1757317844436660226?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 13, 2024</a>
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</figure> 
<h3 class="wp-block-heading" id="h-eth-looks-ready-for-a-blast"><a></a><strong>ETH Looks Ready for a Blast</strong></h3> 
<p>Accumulating ETH of this magnitude and borrowing more implies that the participant was confident of a significant price increase. ETH’s price at press time was $2,661—a 14.35% increase in the last seven …</p>
<p>The post <a href="https://coinedition.com/ethereum-eth-accumulation-fuel-speculation-of-a-surge-to-3k/">Ethereum (ETH) Accumulation Fuel Speculation of a Surge to $3K</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Ethereum (ETH) Accumulation Fuel Speculation of a Surge to $3K

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