Ethereum News: Whales Keep Buying as Analyst Maintains $10K ETH Price View

Key Insights:

• Ethereum news centers on whales who withdrew 89,396 ETH from Coinbase Prime over three days.
• An analyst says the ETH price could reach $10,000 if the $1,500 support holds.
• Long-term investors remain confident despite recent market weakness.

Ethereum news is back in focus after blockchain data showed large investors moving millions of dollars’ worth of ETH out of Coinbase Prime. At the same time, a market analyst said the current chart setup still supports a possible move to $10,000, provided Ethereum holds above an important price level.

The latest activity has also sparked fresh discussion about the long-term ETH price outlook. However, the crypto market is highly volatile, and asset prices can change rapidly.

Any price targets, support levels, or market outlooks discussed, including the $10,000 ETH price target and the $1,500 support level, are opinions or analyses rather than guarantees of future performance. Always conduct your own research (DYOR), assess your risk tolerance, and consider consulting a qualified financial advisor before making any investment decisions.

Ethereum News in Focus as Whale Buying Continues

Ethereum news has been dominated by fresh whale activity after on-chain tracker Lookonchain reported another round of large ETH withdrawals from Coinbase Prime. According to the data, two newly created wallets withdrew 20,000 ETH worth about $37.72 million. Those transactions came after several similar withdrawals recorded over the past three days.

In total, seven newly created wallets have taken out 89,396 ETH valued at about $164.88 million from Coinbase Prime during that period. The wallets are new, and there is no public information about who controls them. Even so, the size of the transfers has attracted attention because many traders watch large wallet movements closely.

Some investors believe that moving coins away from an exchange may show an intention to hold them instead of selling immediately. Others simply see it as a security decision. For that reason, the transactions alone do not prove that the market is about to move higher.

Still, the amount involved is difficult to ignore. More than $164 million worth of ETH has left Coinbase Prime in only a few days. That has added another talking point for traders who are following the ETH price and trying to understand what large holders may be doing.

ETH Price Chart Keeps $10,000 Target Alive

In other Ethereum news, crypto analyst Crypto Patel also shared a view on the current ETH chart. According to Patel, Ethereum is still following a Wyckoff accumulation pattern. Based on that view, ETH could eventually move toward the $10,000 mark.

The analyst said the idea remains valid as long as Ethereum stays above the recent swing low around $1,500. Wyckoff analysis is a market method that looks for periods when buyers slowly build positions before a stronger price move. Patel believes Ethereum is still trading within that structure despite the ups and downs seen in recent months.

That does not mean the move to $10,000 is certain. The price must continue to hold above the level identified by the analyst. If that changes, the outlook would also change. For now, the chart has given some traders another reason to keep watching the ETH Price.

Investors Say They Still Believe in Ethereum

The latest market discussion also included comments from long-time Ethereum investor EthereanVibin. Per the Ethereum news, the investor described this bear market as the hardest one experienced after many years in crypto.

The post by EthereanVibin said Ethereum only moved slightly above its previous all-time high before entering another downturn. It also said the network’s strong fundamentals have not been matched by its market price.

Even with those ETH price frustrations, the investor said there was no intention of giving up. Years spent building an Ethereum position, the post said, would be worth it in the future. Another market participant replied that many Ethereum supporters mainly interact online, making difficult market periods feel even lonelier.

EthereanVibin agreed and said that talking about Ethereum with people outside crypto is usually not helpful. Instead, the investor said it is easier to simply describe being a technology investor.

The comments, together with the latest whale purchases and the chart shared by Crypto Patel, show that many market participants still have confidence in Ethereum despite the recent weakness in the ETH Price.

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