Meanwhile, on-chain tracking data showed that one whale wallet accumulated $31.43 million in ETH and $6.24 million in. The combined position stood at $37.67 million, according to Lookonchain.
The wallet now holds exposure to both Ethereum and Bitcoin through Ethereum-based assets. WBTC tracks Bitcoin’s value while operating on Ethereum, which allows holders to use Bitcoin-linked capital across Ethereum applications.
The reported allocation leans heavily toward ETH. Around 83% of the wallet’s reported position is in Ethereum, while about 17% is in WBTC. This shows stronger exposure to ETH, although the reason behind the split remains unknown.
Several details remain unverified. The wallet owner has not been identified, and the available data does not confirm whether the movement came from fresh purchases, exchange withdrawals, or internal transfers. The entry price and trading plan are also unknown.
Ethereum now trades near a key short-term area. Holding above $1,700 keeps attention on resistance near $1,767, followed by the $1,800 to $1,847 range. A drop below $1,700 could bring the $1,620 to $1,650 support zone back into focus.
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