An Ethereum ICO wallet deposited 0.1 ETH to Coinbase after 11 years, while its remaining 1,999.9 ETH is worth about $3.83 million. Another whale sold 7,323 ETH worth $13.96 million after hold
Ethereum whales are moving large amounts of ETH as analysts track a possible move toward $3,000. Lookonchain reported activity from two wallets, including an ICO participant who deposited 0.1 ETH after 11 years. Meanwhile, Ali Charts pointed to monthly and on-chain indicators supporting higher ETH prices as wallet movements add fresh attention to Ethereum market activity.
Lookonchain identified wallet 0x6A53 as an early Ethereum ICO participant. The wallet invested $620 and received 2,000 ETH through the ICO. After remaining dormant for 11 years, the wallet deposited 0.1 ETH to Coinbase.
Lookonchain valued the ICO allocation at about $3.83 million. The reported value represents a 6,184-fold return on the original $620 investment. However, the transfer involved only 0.1 ETH. Another wallet also moved ETH after a lengthy holding period. Lookonchain said whale 0x7C5a sold 7,323 ETH worth $13.96 million.
The whale bought ETH at an average price of $2,723 during February 2022 and March 2023. It later staked the tokens before selling them. Lookonchain said the wallet's total losses now exceed $19 million.
The sale came after more than three years of holding ETH. Meanwhile, Ali Charts focused on Ethereum's technical and on-chain data. The analyst reported two monthly TD Sequential buy signals from the previous month.
Ali Charts said Ethereum's monthly chart produced a black 9 and an S13 buy signal. The analyst cited signals from April 2022, September 2022 and April 2025. Those signals preceded ETH moves of negative 75%, positive 236% and positive 258%, respectively.
Ali Charts said another validation could support a move toward $3,000. The analyst also said ETH turned bullish after breaking above its MVRV 0.8 Pricing Band at $1,800. That threshold has preceded moves toward Ethereum's Realized Price, currently near $2,300.
Additionally, Ethereum formed an MVRV Momentum golden cross, according to Ali Charts. Previous signals preceded rallies of 50%, 166%, 74% and 113%. Ali Charts identified $3,000 as the key level to watch. On-chain data shows more than 10 million ETH previously exchanged around that price.
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