The post Ethereum Price Prediction: Investor Snaps Up $127 Million in ETH – Contrarian Play? appeared first on Coinpedia Fintech News
Ethereum (ETH) is holding strong near $2,547 after a whale investor made headlines by grabbing 48,825 ETH worth $127 million, averaging $2,605 per token. This major purchase happened during a market pullback caused by global tensions and options expiry, showing this investor is playing the long game.
This isn’t their first big move either—the same wallet pocketed $30 million in earlier ETH trades. The overall market was rattled by Middle East conflict and the expiration of over 242,000 ETH contracts on Deribit. Still, this whale’s confidence has sparked new optimism, especially as the $2,700 level remains a key resistance.
Ethereum Setup: What Charts Say Now
ETH is consolidating between its 23.6% Fibonacci support at $2,518 and resistance at the 50-period EMA of $2,580. Technical setups suggest:
For Bulls:
Buy if ETH clears 38.2% Fib near $2,568 and 50 EMA
Stop-loss just under $2,500
Upside targets: $2,607 and $2,647
For Bears:
Short below $2,518
Stop-loss above $2,540
Downside targets: $2,440 and $2,300
Blockchain Bridges: Uniting Blockchains Like Never Before
Crypto bridges are transforming blockchain use. They lock assets on one chain and release equivalent tokens on another. That means you can now switch easily from Ethereum to Bitcoin.
Highlights:
Enables seamless movement between networks
Offers centralized and decentralized bridge models
Increases token flexibility and utility across chains
This is where Pepeto shines. As Ethereum regains traction, Pepeto steps in with a full cross-chain exchange, letting users bridge assets between Ethereum, BNB, and Solana—all with low fees.
Pepeto Steps In: Exchange Preview and 278% APY Staking
Pepeto is unveiling its demo exchange, where meme coins get listed for free. It’s not just another meme project—its bridge tech ensures seamless cross-chain swaps, and demand for its token will rise as more users join.
Key features:
Exchange demo launching shortly
Zero listing fees for meme tokens at pepeto.io
ETH, BNB, and Solana bridging supported
278% staking rewards
Real use case fuels token demand
Over $5.3M raised in presale
Pepeto’s value is linked to Ethereum’s progress, but it brings its own innovation. Time is short before the presale ends. Take a closer look now.