Whale Accumulates $14.9 Million in ETH — Total Holdings Reach 74,265 ETH
A major whale wallet (0x2684) purchased 7,919.5 ETH valued at $14.89 million**, part of an ongoing pattern of significant institutional accumulation. Since June 30, the same address has accumulated a total of **74,265 ETH**, worth **$131.5 million at an average price of $1,771**, alongside **1,050 WBTC** valued at **$67.49 million. ETH has broken above a long-standing descending trendline that had limited price advances for months, a move analysts regard as a significant bullish signal. ETH is trading at $1,870**, with the former resistance zone now acting as crucial support. ETH is down **0.29%** to **$1,863.53. Ethereum L2 TVL has fallen back to approximately $5 billion, its lowest level since 2023.
Risk reminder: Analysts caution that prevailing market uncertainty could turn the breakout into a false signal if broader conditions fail to support further gains.
