Analysts are highlighting ETH USD priming to retest $4,700 \u2013 and amid the upside pressure \u2013 is dark money rotating into Ethereum?<\/p>\n
A wallet tied to a $300M Coinbase scam bought $18.9M worth of Ether as ETH ripped past $4,700 Yesterday.<\/span><\/p>\n According to Lookonchain, a crypto address linked to the \u201cCoinbase hacker\u201d campaign bought 3,976 ETH for $18.9 million on Sept. 13.\u00a0<\/span><\/p>\n The hacker who stole $300M+ from #Coinbase<\/a> users bought another 3,976 $ETH<\/a>($18.9M) at $$4,756 an hour ago.https:\/\/t.co\/xgGLej7nrd<\/a> pic.twitter.com\/WrxobUkK7k<\/a><\/p>\n \u2014 Lookonchain (@lookonchain) September 13, 2025<\/a><\/p>\n\n The purchases, made at an average price of $4,756, came as Ether pushed past the $4,700 mark.<\/span><\/p>\n Analysts tracking the wallet say the funds were funneled through 18.911 million DAI before being converted to ETH. Arkham Intelligence <\/span>data<\/span><\/a> shows the wallet aggregated DAI in amounts ranging from $80,000 to $6 million before swapping.\u00a0<\/span><\/p>\n The address has also been active recently, picking up 4,863 ETH and 649 ETH in July and around $8 million worth of Solana in August.<\/span><\/p>\n Blockchain investigator ZachXBT <\/span>estimated<\/span> that the broader scheme drained at least $330 million from victims earlier this year.\u00a0<\/span><\/p>\n 2\/ Myself and @tanuki42_<\/a> spent time reviewing Coinbase withdrawals and gathering data from my DMs for high confidence thefts on various chains. <\/p>\n Below is a table we created which shows $65M stolen from Coinbase users in Dec 2024 \u2013 Jan 2025.<\/p>\n Our number is likely much lower than\u2026 pic.twitter.com\/ZceQ5AggYU<\/a><\/p>\n \u2014 ZachXBT (@zachxbt) February 3, 2025<\/a><\/p>\n\n The operation, described as a wide-scale social engineering campaign, targeted Coinbase users and has kept the wallet under close surveillance from on-chain analysts.<\/span><\/p>\n The timing of the latest ETH accumulation has reinforced speculation of a market rotation into Ether.\u00a0<\/span><\/p>\n Traders noted the wallet\u2019s moves coincided with renewed momentum in ETH\/USD, adding weight to the narrative that deep-pocketed actors are shifting into the asset.<\/span><\/p>\n Ethereum is showing renewed strength, with technical signals pointing to a possible breakout that could send prices toward $5,500.<\/span><\/p>\n As per <\/span>Tradingview data<\/span><\/a>, ETH trades near $4,660, holding above its short-term moving averages on the 4-hour chart.\u00a0<\/span><\/p>\n\n (<\/span>Source \u2013 ETH USDT, TradingView<\/span><\/a>)<\/span><\/p>\n The 50-EMA sits at $4,462 and the 100-EMA at $4,421, both trending upward. This setup suggests buyers remain in control despite minor pullbacks.\u00a0<\/span><\/p>\n Recent sessions have also seen higher volume, supporting the move that lifted ETH from the $4,300 range to above $4,650 in just a few days.<\/span><\/p>\n The broader structure shows a recovery trend after weeks of sideways action. Short-term candles reveal brief dips followed by fresh buying, a sign of steady demand.\u00a0<\/span><\/p>\n If ETH holds support above the 50-EMA, momentum may continue. If not, price risks sliding back to the $4,400-$4,300 zone, where both moving averages converge.<\/span><\/p>\n Analyst Titan of Crypto pointed<\/a> to an Adam & Eve double-bottom pattern on the daily chart.\u00a0<\/span><\/p>\n\n (<\/span>Source \u2013 X<\/span><\/a>)<\/span><\/p>\n The formation combines a sharp \u201cV\u201d-shaped low with a rounded base, signaling a potential reversal. The neckline lies just below $4,700, close to current levels.<\/span><\/p>\n A confirmed breakout above that neckline would project a measured move target of $5,500, in line with historical resistance. This adds weight to the view that Ethereum could be setting up for a more substantial rally if buying pressure holds.<\/span><\/p>\n If Ethereum breaks above the neckline, traders could turn bullish, with $5,500 as the next target. But if it fails, the price may pull back to test how solid the recent rally really is.<\/span><\/p>\n Derivatives activity shows elevated positioning. CoinGlass <\/span>data<\/span><\/a> puts ETH futures open interest near $64Bn, while funding rates last session hovered around 0.01% across major exchanges, steady, but not excessive.<\/span><\/p>\n\n (<\/span>Source \u2013 Coinglass<\/span><\/a>)<\/span><\/p>\n Spot ETF flows have also improved.\u00a0<\/span>On Sept. 12, after several days of outflows, Farside Investors\u00a0reported<\/a> net inflows into US ETH funds<\/span>, pointing to fresh institutional demand.<\/span><\/p>\n DISCOVER:\u00a0<\/span>9+ Best High-Risk, High-Reward Crypto to Buy in 2025<\/span><\/a><\/strong><\/p>\n The post ETH USD Price Primes to Retest $4,700: Dark Money Rotating into Ethereum?<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Analysts are highlighting ETH USD priming to retest $4,700 \u2013 and amid the upside pressure \u2013 is dark money rotating into Ethereum? A wallet tied to a $300M Coinbase scam bought $18.9M worth of Ether as ETH ripped past $4,700 Yesterday. According to Lookonchain, a crypto address linked to the \u201cCoinbase hacker\u201d campaign bought 3,976 […]<\/p>\n","protected":false},"author":0,"featured_media":96417,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-96416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/96416"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=96416"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/96416\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/96417"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=96416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=96416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=96416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Ethereum Price Analysis: How High Could ETH Go If the $4,700 Neckline Breaks?<\/h2>\n
What Are Derivatives Telling Us About Ethereum\u2019s Next Move?<\/h2>\n