Ethereum

Satoshi

when

Coin

Gains

<p>An early Ethereum (ETH) investor who participated in the project’s Initial Coin Offering (ICO) has awakened after an 8.8-year dormancy period yesterday. <a href="https://twitter.com/lookonchain/status/1786060692283699266" target="_blank" rel="noopener noreferrer nofollow">According to a tweet by Lookonchain</a>, a blockchain analytics platform, the investor transferred 1,960 ETH, worth approximately $5.87 million, out of their wallet.</p>
<p>The investor initially received 1,969.488 ETH during the Ethereum Genesis, when the ICO price was around $0.31 per ETH. This means that the investor’s original investment has grown by 18,870% since the ICO, showcasing the tremendous growth and potential of Ethereum over the years.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="425" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-64-1024x425.png" alt="" class="wp-image-485695" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-64-1024x425.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-64-300x124.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-64-767x318.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-64-1536x637.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-64-2048x849.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-64-362x150.png 362w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-64-100x41.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-64-844x350.png 844w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-64-788x326.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-64.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
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<h2 class="wp-block-heading" id="ethereum-s-price-action-mixed-trends-and-channel-down-pattern">Ethereum’s Price Action: Mixed Trends and Channel Down Pattern</h2>
<p>Despite the impressive long-term growth, Ethereum’s current price action is experiencing mixed trends, according to a technical analysis by altFINS. While the short-term trend is bearish and the medium-term trend is neutral, ETH remains above its 200-day moving average, indicating that the long-term uptrend is still intact.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-65-1024x573.png" alt="" class="wp-image-485703" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-65-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-65-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-65-767x429.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-65-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-65-2048x1146.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-65-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-65-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-65-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-65-788x440.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><em>Source: </em><strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="altFINS" href="https://captainaltcoin.com/go/altfins/" data-shortcode="true"><em>altFINS – Start using it today</em></a></strong></p>
<p>Currently, Ethereum is trading within a Channel Down pattern. Traders who believe that the price will remain within the channel can initiate trades when the price fluctuates between the channel’s trendlines. However, if a breakout occurs, traders can enter a position when the price breaks through either the upper or lower trendline, as this can lead to rapid price movement in the direction of the breakout.</p>
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<h2 class="wp-block-heading" id="momentum-and-support-resistance-levels">Momentum and Support/Resistance Levels</h2>
<p>The momentum indicators for Ethereum are mixed. The MACD (Moving Average Convergence Divergence) Line is above the MACD Signal Line, which is a bullish signal. However, the RSI (Relative Strength Index) is below 45, indicating bearish pressure. Additionally, the declining MACD Histogram bars suggest that the momentum is weakening.</p>
<p>In terms of support and resistance levels, the nearest support zone for Ethereum is between $2,960 and $3,040, followed by another support level at $2,700. On the upside, the nearest resistance zone is at $3,600, with further resistance levels at $4,000 and $4,800.</p>
<p>The recent awakening of an Ethereum ICO participant and the subsequent transfer of 1,960 ETH, worth $5.87 million, showcase the potential rewards of early investments in cryptocurrency projects.&nbsp;</p>
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<p>The post <a href="https://captainaltcoin.com/heres-how-ethereums-ico-participant-made-18870-gains-after-nearly-9-years-eth-price-with-mixed-signals/" rel="noopener noreferrer nofollow">Here’s How Ethereum’s ICO Participant Made 18,870% Gains After Nearly 9 Years; ETH Price With Mixed Signals</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Here’s How Ethereum’s ICO Participant Made 18,870% Gains After Nearly 9 Years; ETH Price With Mixed Signals

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