• Whales bought 820,000 ETH worth $3.80 billion in the last 72 hours. 
• Pioneer altcoin Ethereum price is consolidating after a multi-year breakout. 
• Significant altcoins price pump ahead. 

As the price of ETH continues to trade at a slightly lower price between the $4,400 and $4,600 price range, analysts take a closer look at the price charts and declare an ongoing consolidation after a multi-year breakout above $4,000. This is probably why whales bought 820,000 ETH worth $3.80 billion in the last 72 hours. The dip and consolidation gave ETH whales the perfect opportunity to accumulate more ETH. 

Whales Bought 820,000 ETH Worth $3.80 Billion in the Last 72 Hours

The price of the pioneer altcoin, Ethereum (ETH), has been trading between the $4,400 and $4,600 price range so far this month. Last month, the price of ETH set its first-ever ATH this bull cycle in the $4,900 price range, and has since been on a decline. Reputed crypto analysts believe the time has come for the price of ETH to go beyond the $5,000 price range by reentering its price discovery range soon. 

One of the biggest signs that the price of ETH is preparing to explode is the fact that Bitcoin Dominance has been on a downtrend for about 12 consecutive weeks. This signals the nearing fall of BTC Dominance, allowing the prices of altcoins to steadily surge and soon dominate the crypto market themselves. This, paired with the many bullish signals on the respective altcoin charts, also fuels altseason’s peak phase arriving soon. 

With Q4 nearing, most analysts are certain that the next three months will result in parabolic price pumps for altcoin prices, with many going on to set new ATH targets in the coming days ahead. Another major signal for altcoin prices to pump and likely led by ETH, ADA, and XRP, is the fact that altcoin whales are heavily accumulating these three assets over other popular altcoin assets. 

As we can see from the post above, 820,000 Ethereum (ETH) worth $3.80 billion was bought by Wales in under 72 hours. This shows that whales are always looking for opportunities to scoop more ETH and other promising altcoins whenever the market experiences a slight dip in prices. Just three days ago, four whales jointly accumulated a total of $234 million worth of ETH in a single day.   

Ethereum Price Consolidates 

Meanwhile, a reputed crypto enthusiast and analyst noticed that ETH is in a consolidation phase following a multi-year breakout above $4,000, and above the broadening wedge resistance. The measured move points ETH north of $10,000 bull price targets. Although the analysts also add that he first expects ETH price to grind just long enough to annoy everyone again, until it finally begins to move.