After the ETHEREUM (ETH) was stealing at $ 1.4 billion on February 21, 2025, the stock exchange began to buy ETH, according to Crypto Intelligence Arkham. According to a recently released report on Arkham Intelligence, Bybit spent nearly $ 100 million to buy 54393 ETH at an average price of $ 2711, which was then deposited on the stock exchange.
However, this is a large amount of Eth It was purchased by Galaxy Digital and Falconx through a non -prescription trading (OTC).
BYBIT CEO shows gratitude
After the purchase of this ETH, bybit CEO Ben Posted on X (previously Twitter) they have received support from the main encryption companies, including Antalpha, Bitget, Pionex, Mexc, Mirana, Sosovalue, Solana Foundation, Ton Foundation, Blockchain Center Dubai, Ghaf Capital, Bitovo and Tether and Galaxy.
Eth current price momentum
With this great purchase, ETH has witnessed an impressive ascending gathering. At the time of the press, ETH is trading near $ 2,780, which reflects the price increase to more than 2.50 % over the past 24 hours. Meanwhile, trading volume increased by 10 % during the same period, indicating an increase in the participation of traders and investors compared to the previous day.
155 million dollars worth the ETH flow
Despite the high ETH prices, it seems that long -term holders and investors are throwing their property at the same time as Bybit began to show interest in the purchase of ETH. Coinglass data reveals that exchanges have witnessed a $ 155.50 million flow of ETH, indicating possible sales.
In the case of this market, these flows can lead to stock exchanges to create sale pressure and lead to an additional decrease in prices. However, the market opposed this trend, the eth over the bitcoin and XRP with a 2.5 % upward momentum.
Technical analysis of Ethereum (ETH) and upcoming levels
According to expert technical analysis, ETH is currently integrated within a narrow range ranging between $ 2,560 and $ 2,800 and is about to finish. Based on the recent price procedures, if ETH violates this monotheism and closes a daily candle than 2820 dollars, there is a strong possibility of its 10 % increase to reach $ 3100 in the near future.
Despite this bullish view, ETH is still trading without the SIA moving average (EMA) on the daily time frame, indicating that it is still in a declining direction.
