ETH Whale pfm.eth Buys 2,045 ETH at $4,057

Published: 2025-08-09 02:34:06 |

An ETH whale purchase was spotted five hours ago as wallet pfm.eth acquired 2,045 ETH at an average price of $4,057.6, spending 2.917M USDC and 5.39M USDT. This ETH whale purchase follows an additional on-chain buy of 2,802 ETH (worth $11.297M) over the past 24 hours at $4,032 each. The sustained accumulation by the whale highlights strong buying pressure that could buoy Ethereum prices in both the short and long term.

Bullish

The large-scale ETH whale purchase by pfm.eth signals strong confidence and accumulation of Ethereum at current price levels. Historically, significant on-chain buys by whales have preceded upward price movements, as seen in late 2020 and early 2021 when whale accumulation triggered bullish rallies. In the short term, this buying pressure may support price consolidation around $4,000, while in the long term, continued accumulation could establish a foundation for further upside if market conditions remain favorable. Overall, the transaction suggests a bullish outlook for ETH.