Ethereum News Today: "Dormant Ethereum Whale Stirs After 8 Years, Moves $80M and Boosts Institutional Optimism"

An alleged

(ETH) whale has resumed activity after remaining dormant for eight years, moving 20,000 ETH—currently worth $80.48 million—into Kraken. This transaction has fueled speculation about renewed institutional interest in the cryptocurrency. The wallet, which had not seen any action since 2017, was originally loaded with purchased at $6,200 per coin, resulting in a 12,971-fold return for its owner. According to a , this marks the first major movement from this address since receiving its early Ethereum funds.

This transfer comes amid a broader uptick in institutional interest in Ethereum. Recent figures indicate that crypto exchanges are seeing higher inflows, with Ethereum surpassing

in accumulation statistics. Experts attribute this momentum to Ethereum’s ongoing technological improvements and its leading position in decentralized finance (DeFi) and smart contract platforms. Market analyst Ted Pillows pointed out that Ethereum’s recent price drop of 2.62% to $4,019.11 over the past day demonstrates a “robust rebound” trend, with resistance levels at $4,250 and $4,300 possibly being tested soon, as reported by Yahoo Finance.

At the same time, another significant investor has intensified bullish expectations. A crypto whale known as 0xc2a3 has been actively increasing holdings in Bitcoin (BTC) and Ethereum, amassing 1,683 BTC ($194 million) and 40,305 ETH ($168 million), achieving full profitability on all trades. Utilizing leverage of 10x and 5x, this trader has accumulated $13.4 million in unrealized profits, with an average Bitcoin entry price of $110,680 and Ethereum at $3,929, according to a

. The trader’s recent limit orders to add more BTC longs in the $114,206–$114,527 range further highlight confidence in the asset’s future.

This whale’s approach reflects a wider pattern of institutional and wealthy investors taking advantage of market volatility. Lookonchain notes that the trader’s Bitcoin position is anchored by a key support at $111,160, while Ethereum is facing significant resistance at $4,250. Analysts such as Ali Martinez and Posty advise that patience is necessary, as Ethereum’s retest of $4,075 could indicate a period of consolidation before any potential breakout, according to Benzinga.

The combined moves by these whales emphasize Ethereum’s increasing significance in institutional investment strategies, even as Bitcoin continues to lead the market. With both major holders and retail participants watching crucial price points, the next few weeks may determine whether Ethereum can maintain its upward momentum or encounter renewed selling pressure.