Old Ether wallets move 37,806 ETH as whale conviction faces key test at $1.5K
Eight-year-dormant ETH wallets have started moving coins, adding supply as Ether trades just above $1,500. Onchain data shows 37,806 ETH from long-inactive addresses became active, including four wallets that sold 33,623 ETH for about $52.5 million after originally receiving 37,602 ETH near $830 each. Their realized profit is now about $27.4 million. At the same time, other large holders are still accumulating. One whale swapped 464 BTC for 17,750 ETH, and investor Chun Wang bought another 9,937 ETH while withdrawing nearly 87,000 ETH from Binance over the past month. BlackRock also moved 41,996 ETH and 4,577 BTC to Coinbase Prime. Despite selective buying, all major ETH whale cohorts are now sitting on unrealized losses for the first time since 2019. Market focus remains on $1,500 as key support; a break below it could open a move toward the $1,070–$1,370 range.
