Ethereum Whale Buys $9.4M in ETH as ETH Price Targets $5,000 Breakout

Ethereum whale has purchased another 4,000 ETH worth approximately $9.4 million and deposited the tokens into Aave, according to Lookonchain. The whale then borrowed $6 million in USDT and transferred the funds to Binance to buy more ETH. Its total deposits have reached 22,504 ETH, while stablecoin borrowing stands at $31 million. Meanwhile, crypto analyst Crypto Patel is monitoring key ETH price levels, identifying $2,526 as a potential bullish breakout threshold for Ethereum. According to Lookonchain, whale address 0xdeA6 acquired another 4,000 ETH and deposited the tokens into Aave. Following the deposit, the whale borrowed $6 million in USDT and transferred the funds to Binance to purchase additional ETH. The wallet now has 22,504 ETH worth approximately $53.17 million deposited in Aave, alongside $31 million in total stablecoin borrowing.

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