Brief liquidation can send an ether price up to USD 3,000

Key results:

Ethereum Whale has earned $ 31 million in two ETH transactions in the last 44 days.
Unique Ethereum addresses increased by 70% in Q2, with the development of activity in the basic network.

Ether (ETH) is on the verge of a breach of its monthly range, reaching a 15-week level USD 2,827 USD 10 June. Close above $ 2700 would mean the highest from February 24.

After a monthly price consolidation from USD 2,300 to 2800, one whale Ethereum used a recent rally. According to X Post From Onchain Tracker Lookonchain, a whale sold $ 30,000 for 82.76 million dollars via over -the -counter trade (OTC) on June 10, blocking the $ 7.3 million profit. Sales took place on May 27 the purchase of ETH worth $ 75.56 million.

Commercial activities of the whale ether. Source: Lookonchain/x

The same whale bought 30,000 ETH for USD 54.9 million at USD 1,830 via Wintermute OTC on April 27. On May 22, he sold ETH for USD 2621 for USD 78.63 million, which is USD 23.73 million among the 43% of the price rally.

The whale obtained $ 31 million in profits in just 44 days.

Unique Ethereum addresses increased by 70% in Q2

The number of unique addresses in the Ethereum network reached the highest level of 17.4 million at the beginning of this month. Data from Growthepi He emphasized that the number of ETH addresses interacting with one or many chains increased by 70.5% from the beginning of Q2. ETH addresses remained increased, with 16.4 million energetic addresses observed on June 10.

Markets, price analysis, market analysis, price Ethereum, ETF ETF — *Ethereum Weekly Address Chart. Source: growth*

The basic network led to this significant growth, which is 72.81% of 11.29 million this week, and the mainnet Ethereum recorded 2.23 million addresses or 14.8%.

Cointelegraph noticed that Ethereum continued to dominate in a decentralized financial sector (DEFI), with ETH had a 61% share in the total blocked value (TVL) with about 66 billion dollars.

However, there are concerns related to its sustainable development, because in the last 30 days it had only $ 43.3 million fees. Recent updates conducive to implementation of inexpensive data packages (BLOBS) reduced Staker’s phrases, because the reduction of ETH supplies is largely based on network fees.

Related: Stoped Ethereum goes at the highest level because ETH TOPS $ 2.7,000

Ethereum Bulls can eliminate $ 1.8 billion in shorts

Futures Ether Open interest (OI) increased The last 40 billion dollars for the first time in its history, signaling a heavily used market. This increased open interest suggests potential variability.

Despite the risk, the liquidity dynamics remains balanced. Data from Kinglas It shows $ 2 billion in long positions in which the liquidation is $ 2,600, while $ 1.8 billion in compact liquidations risk at USD 2,200. This balance leaves the next movement of market producers because they can chase smoothness on both sides.

Related: ETHEREUM network growth, ETF inflow in place

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.