Ethereum Whale Gains $28.5M Profit Amid ETH Bullish Trends

• Ethereum Whale’s transactions yield $28.5M profit, signaling savvy decisions.
• ETH price action signals bullish momentum and potential upside if resistance breaks.
• Bullish indicators hint at ETH price rally, resistance at $3,061.77.

An astute early adopter of Ethereum, identified by the address 0x2ce, has recently executed substantial transactions, garnering considerable intrigue within the cryptocurrency sphere. According to a Spot On Chain X post, this influential holder transferred 4,153 ETH, valued at $12.2 million, to Coinbase at a rate of $2,931 per ETH.

3 hours ago, Early $ETH holder 0x2ce deposited 4,153 $ETH ($12.2M) to #Coinbase at $2,931.

The whale withdrew 12,423 $ETH from #Poloneix at ~$11.03 ($137K) in 2016,

And has deposited 9,436 $ETH to #Coinbase and #Luno at ~$2,245 ($21.2M) since 2021.

Current holding: 2,566 $ETH… pic.twitter.com/ky5g0uy2n5

— Spot On Chain (@spotonchain) May 13, 2024

Moreover, in 2016, this whale disengaged 12,423 ETH from Poloniex at an approximate value of $11.03 per ETH, culminating in roughly $137,000. This early procurement of Ethereum has yielded extraordinary returns over the subsequent years.

Since 2021, the in…

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