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Data: Several on-chain addresses have accumulated a total of 391,000 ETH this week, worth approximately $1.4 billion.
BlockBeats News, July 20th, according to EmberCN's statistics, this week, driven by massive net inflows into Ethereum ETFs, a US stock company's ETH treasury plan, and other "aggressive accumulation" initiatives, the price of ETH has risen from $3,000 to break through $3,600. Some on-chain addresses have been observed this week accumulating up to 391,000 ETH through various channels, worth approximately $1.4 billion:
The "ETH version of MicroStrategy," SharpLink Gaming, purchased 88,800 ETH this week, worth $293 million, at an average price of $3,305, bringing its total ETH reserve to 358,000;
A whale accumulated 122,691 ETH through FalconX, worth $442 million, at an average price of $3,213;
A whale accumulated 103,274 ETH through Kraken, worth $374 million, at an average price of $2,885;
A whale accumulated 47,121 ETH through FalconX, worth $169 million, at an average price of $3,545;
A whale used 64.04 million USDT on-chain to purchase 18,557 ETH, at an average price of $3,451;
A whale used 36.6 million USDT to purchase 10,882 ETH, at an average price of $3,363.
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Analysis: Focus on the $99,000 historical price equilibrium line, which has not been able to rise above after previous bull/bear conversions.
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