DeFiance Capital (most likely) purchased 30,366 ETH worth $114M

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DeFiance Capital (most likely) purchased 30,366 ETH worth $114M

DeFiance Capital (most likely) purchased 30,366 ETH worth $114M

Key Takeaways:

  • Whale address 0xF436 connected to DeFinance Capital acquired 30,366 ETH worth $114 million over 28 hours.
  • This accumulation highlights growing institutional interest in Ethereum.
  • Large-scale buys often precede upward price momentum and reduce available supply on exchanges.
  • Traders should monitor ETH's price action around critical support levels, such as $3,500.
  • Potential opportunities to trade Ethereum's price action around $3,500 and $4,000 resistance levels.

submitted by /u/CriticalCobraz
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