Whales of Ethereum bought 23K ETH during the recent decline, what is the next step?

It is noteworthy that in the recent volatility of the cryptocurrency market, the Ethereum whale bought 23K ETH. This development has sparked optimism about future trends in the market. On Tuesday's on-chain data, as the asset price hovered around $3,300, a whale bought the second largest cryptocurrency in terms of market value, worth nearly $77 million. In response, market enthusiasts have now set a target price of $10,000 for ETH as 2025 approaches.

Whales are buying a large amount of Ethereum, indicating significant profits in the future
According to Lookonchain's X post on December 31st, in the recent volatile trend of Ethereum, an Ethereum whale accumulated a total of 22,919 ETH, worth $77.2 million. According to the data, wallet address 0x6c.. was recorded as engaging in large-scale accumulation.

It is worth noting that this large-scale purchase occurred when the average price of ETH was $3,368. At the same time, this trading strategy has attracted more attention, mainly considering the trader's previous profit strategy. Data shows that since August 12, the same whale has been recorded to have conducted 25 swing trades in ETH and WBTC. In addition, 21 of them have proven to be highly profitable, with a success rate of 84% and a profit of $4.57 million.

Given these past profitable strategies, market observers are now turning their attention to the $3,300 price level, as Ethereum whales have accumulated a significant amount of funds at this level, and investors expect the price of the top cryptocurrency to rise as early as next year.