CRYPTO : Blockchain tracking platform Whale Alert has identified six significant Ethereum transactions, each valued slightly above $100 million, within a single hour.
The transactions recorded between anonymous blockchain addresses highlight significant movements in the cryptocurrency market.
Per Whale Alert’s updates, each transaction carried approximately 27,970 ETH, valued between $100.5 million and $100.7 million in fiat terms at the time of the transactions.
In total, the six transfers accounted for 168,000 ETH, with a combined value of $609.84 million at current market prices.
The scale and rapid succession of these transfers have raised questions among analysts and traders, particularly as Ethereum’s price shows signs of a breakout.
After weeks of trading within a range of $3,200 to $3,500, ETH has begun to show signs of an upward breakout. The coin is showcasing strong support at the $3,500 level, striving to approach the critical $4,000 resistance zone.
The second largest crypto by market size is currently changing hands slightly above the $3,600 level, per Coingecko data.
JULISHA MEDIA CRYPTO Analysts see this as a pivotal psychological and technical barrier, with a decisive breach potentially signaling further gains.
Ether’s most recent decline stabilized within the 0.5 ($3,200) to 0.618 ($3,000) Fibonacci retracement levels. This critical support zone attracted significant buying interest, effectively halting the downtrend and triggering a bullish recovery.
Market analysts are closely watching ETH’s performance at the $4,000 level. A successful breakout could pave the way for a substantial rally, while a rejection at this resistance may lead to extended consolidation or a potential retest of the $3,500 support zone.
As identified by analysts, ETH’s weekly Relative Strength Index (RSI) reset is a bullish signal. Traders suggest this could provide the momentum needed to push ETH above $4,000, noting intentions to increase their spot holdings if the cryptocurrency surpasses $3,500.
ETH spot exchange-traded funds (ETFs) have also seen a surge in investor interest. Data from the crypto research platform SosoValue shows total inflows for Ethereum spot ETFs reached $2.1 billion in December. This figure represents 81.5% of the $2.58 billion cumulative inflows since the financial product’s launch.
December’s inflows nearly doubled the $1.08 billion recorded in November, showcasing the growing appetite for Ethereum-based investment vehicles.
At press time, the Grayscale Ethereum Trust (ETHE) leads with $3.67 billion in net inflows, followed by BlackRock’s Ethereum ETF (ETHA), Fidelity Ethereum Fund (FETH), Grayscale’s Ethereum Mini Trust (ETH), and Bitwise Ethereum ETF (ETHW), respectively.
Moreover, on January 3, Ethereum ETFs saw an impressive daily net inflow of $58.78 million, according to Chinese cryptocurrency journalist Colin Wu’s X post. BlackRock’s ETHA contributed the lion’s share, with $33.88 million in daily inflows.
This surge in ETH ETF inflows contrasts sharply with activity in BlackRock’s Bitcoin spot ETF (IBIT). The Bitcoin ETF faced its largest single-day outflow since its launch on Thursday, with $332.6 million, the equivalent of 3,413 BTC withdrawn. This outflow exceeded the previous record set on Dec. 24, when $188.7 million worth 1,933 BTC were pulled from the fund.
Meanwhile, Dogecoin is the latest member of the exciting 2025 bull rally. The memecoin has experienced a remarkable increase of almost 15% within the past 24 hours. The recent surge can be attributed to significant whale activity and an increase in trading volume over the last 24 hours.
Dogecoin was acquired by crypto whales in a massive purchase of 1.08 billion DOGE. Additionally, the memecoin’s trading volume has seen a significant jump of 190%. The massive uptick in activity could be a signal of growing confidence in the token.
Also, recent developments have intensified discussions surrounding Dogecoin, particularly its alleged ties to Trump’s inauguration. Speculation has grown that Elon Musk’s endorsement of both Dogecoin and Trump could be a driving force behind the recent price surge.
Some technical analysis have highlighted that Dogecoin is currently exhibiting a clear impulsive trend. This change in market dynamics follows DOGE’s recent surge past key demand thresholds.
The “robust buying enthusiasm signal” could mean that the momentum has the potential to drive Dogecoin up to the $0.50 threshold, which is a crucial psychological and technical benchmark.
However, for this scenario to occur, Dogecoin needs to break through the resistance at the local highs. Surpassing these resistance levels could set the stage for a significant rally, possibly reflecting its most powerful movements from earlier market cycles.
Notably, since Trump’s inauguration is only two weeks away, it is highly anticipated that DOGE will be impacted by the new administration. Therefore, achieving this will necessitate ongoing backing from the wider market and persistent engagement from its committed community.
Finally, if the bullish trajectory persists, DOGE has the potential to once again lead the altcoin space. It would be reminiscent of the original memecoin’s capacity to astonish even the most experienced traders.
DOGE price is trading around $0.389, reflecting a rise of 11.51% in 24 hours and 23% over the past week.