Ethereum Price To Surge? Whale Buys $16M ETH As ERC-20 Tokens See Increasing Volume

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Ethereum may be gearing up for its next major move. Fresh on-chain data reveals that a whale has just scooped up a staggering $16 million worth of ETH. This massive purchase comes as trading volume across ERC-20 tokens has started to climb. It signals renewed interest in Ethereum’s broader ecosystem.

With ETH holding strong at key support levels and DeFi activity beginning to rebound, analysts are starting to ask: Is a major Ethereum price surge just around the corner?

Whales Bet Big as Ethereum Price Eyes a Breakout

Ethereum is now above $1,500, with whales coming in aggressively. On April 11, a new wallet bought 9,610 ETH (~$14.54 million) with a complex collateral-borrowing strategy.

A week later, another whale purchased 10,328 ETH at an average cost of $1,585. That’s like pouring gasoline on the bullish flames.

Source: TradingView

This trend persisted with a massive accumulation of 46,577 ETH valued at approximately $100 million in the past two months. Analysts think that the accumulation period is an indicator for a bigger uptrend to follow, particularly with Ethereum having broken out of a falling wedge pattern, which typically results in uptrend breakouts.

Based on CoinStats, Ethereum price can go up as much as 25% in the near term. Resistance is at $2,000, and profit targets are at $4,000. These whale purchases indicate increasing conviction that ETH is on the verge of moving seriously.

ERC-20 Tokens Show Signs of Strength

It is not only ETH that is heating up—ERC-20 tokens are also gaining traction. Websites such as Etherscan and Coinbase are witnessing activity explode across the ERC-20 universe. A number of mid-cap tokens are performing better than ETH on daily charts. One of the reasons is that ERC-20 tokens provide exposure to Ethereum’s infrastructure without directly contending with high gas fees. 

Projects such as Chainlink, Uniswap, and Aave still attract volume as traders and developers utilize Ethereum’s base layer. This volume increase of ERC-20 is a bullish signal for Ethereum price. It reinforces ETH even more as the foundation of decentralized finance. As the tokens expand, so does the demand for ETH, particularly since users require ETH to pay gas fees and staking.

Institutional demand also appears to be recovering. BlackRock’s ETH fund has only seen net inflows during outflows in other ETF products, The Crypto Basic reports.

Remittix (RTX) Gains Momentum as Ethereum Surges

As Ethereum price is set to break out, Remittix (RTX) is making some noise too. RTX is trading at $0.0757 after raising over $14.4 million and selling over 527 million tokens during its ongoing presale. RTX is unique because it prioritizes real-world payments. Remittix uses PayFi technology to let users convert their crypto into fiat in a period of 24 hours. 

Think of a migrant worker in Europe sending money back to Nigeria—conventional services take days and cost a high fee. RTX does it cheaper and quicker. As Crypto.News writes, RTX has the potential to 100x by 2025 due to its real use case and low market cap. It is picking up strong traction while coins such as ADA and SOL falter.

Analysts have already started calling RTX the best cryptocurrency to invest in now, especially for investors who are interested in early-stage investments with real-world use cases. No wonder that top websites such as The Crypto Updates and TechBullion are highlighting it along with ETH in their top suggestions.

Conclusion: ETH Bulls Are Back—and RTX Could Be the Next Big 

Win Ethereum price momentum is rapidly building, underpinned by millions of whale purchases, strengthening technicals, and revived interest in ERC-20 tokens. With prices up to $4,000, ETH could be poised for a breakout of its range. In the meantime, Remittix (RTX) is growing for different reasons—its real-world payment utility, low presale entry point, and massive user potential. 

While ETH is ruling the smart contract space, RTX is building the payment layer for the future. RTX might be the top cryptocurrency to buy today for those who want to offset plays like Ethereum for the longer term with more growthier altcoins. The fundamentals, use case, and momentum all set it up to be a participant in the next bull cycle. 

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/ 

Socials: https://linktr.ee/remittix

Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Themarketperiodical and all its authors do not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Themarketperiodical.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.

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