New ETH Accumulation: Address Gathers 4,817 ETH Amid Market Drop

ETH

ETH/USDT

$2,356.43

+8.28%

$2,356.43

+8.28%

(24s)

24h Volume

$31,047,650,067.90

24h H/L

$2,386.02 / $2,174.06

Change: $211.96 (9.75%)

Long/Short

47.6%

Long: 47.6%Short: 52.4%

Funding Rate

-0.0008%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,358.66

▲ 0.24%

Volume (24h): -

Resistance Levels

Resistance 3$2,596.37

Resistance 2$2,476.96

Resistance 1$2,396.40

Price$2,358.66

Support 1$2,355.74

Support 2$2,233.72

Support 3$2,109.13

Pivot (PP):$2,358.51

Trend:Sideways

RSI (14):66.9

In a recent analysis by COINOTAG News, it was observed that a significant cryptocurrency address, initially noted for accumulating 3669 ETH on December 13th, has expanded its holdings to include an additional 4817 ETH amidst a recent market correction. This latest acquisition amounts to approximately $14.92 million, bringing the total ETH accrued by this address since December 5th, 2024 to 13,479 ETH, valued at $42.78 million. It is important to note that the cost basis for this investment stands at $3622 per ETH, indicating an unrealized loss of approximately $5.9 million, demonstrating the volatile nature of the crypto market. These figures underscore the importance of strategic investment decisions amid fluctuating market conditions.