Ethereum News Today: Large Ethereum Order of 1800 ETH Placed Between $4550–$4800

A significant Ethereum trading activity has emerged as trader "Maji Da Ge" reportedly positioned a 1,800 ETH order within the price range of $4,550–$4,800. According to on-chain analyst Aunt Ai, only 100 ETH have been executed so far, leaving the remaining 1,700 ETH pending [1]. This move, while speculative in nature, signals a strategic attempt to influence or respond to the current ETH price dynamics.

The transaction, initially opened at $4,635, has so far shown limited market impact, with traders and observers maintaining a cautious stance [2]. The Ethereum market has not reacted strongly to the order, with no immediate price spikes or volatility noted. This subdued response may suggest either a lack of broader market awareness or a deliberate effort to execute the trade quietly and avoid triggering sharp market reactions.

Industry observers highlight the significance of large ETH orders in potentially causing short-term market fluctuations, particularly when executed by prominent traders. However, in this case, there is no official confirmation of the trade from key figures or official Ethereum channels [3]. Additionally, no statements have been made by the broader crypto community or regulatory bodies, further emphasizing the speculative and unverified nature of the trade.

Ethereum’s price currently stands at $4,550.27, with a market cap of over $549.25 billion and a 24-hour trading volume of $29.41 billion. The 24-hour price has seen a 2.05% increase, with the 60-day price gain reaching 79.70% [4]. Despite the substantial movement in price over recent months, the impact of large individual trades, such as Maji Da Ge’s, remains speculative and lacks public acknowledgment or verification from exchanges or major wallet addresses.

Technical analysis by the Coincu research team notes that Ethereum remains a leading cryptocurrency, adapting to evolving market conditions [5]. However, any large market transaction—verified or otherwise—could theoretically influence short-term price trends. Historical data suggests that major ETH movements can trigger temporary volatility, although the lack of official confirmation on this order leaves its potential influence uncertain.

Source:

[1] Aunt Ai, On-chain Analyst

[2] https://coinmarketcap.com/community/articles/68a1a360a49917285c732aac/

[3] Ethereum Trader Maji Da Ge's Strategic Move

[4] Ethereum(ETH) Price and Market Data

[5] Coincu Research Team Technical Insights