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

ETH

ETH/USDT

$1,673.54

+0.51%

$1,673.54

+0.51%

(24s)

24h Volume

$11,312,970,464.04

24h H/L

$1,693.59 / $1,632.71

Change: $60.88 (3.73%)

Long/Short

71.5%

Long: 71.5%Short: 28.5%

Funding Rate

+0.0008%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,676.52

▲ 0.18%

Volume (24h): -

Resistance Levels

Resistance 3$1,829.21

Resistance 2$1,763.78

Resistance 1$1,692.17

Price$1,676.52

Support 1$1,672.44

Support 2$1,583.40

Support 3$1,505.68

Pivot (PP):$1,671.42

Trend:Downtrend

RSI (14):31.5

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.