Three New Wallets Accumulate 25,425 ETH in Just 2 Hours...

On-chain data reveals three new Ethereum wallets acquired 25,425 ETH within two hours, according to blockchain media Today. The wallets invested approximately $50 million in DAI at an average price of $1,968. Analysts speculate the wallets may belong to the same organization, as large-scale purchases by recently created wallets are often interpreted as institutional or major investor positioning rather than reallocation of existing holdings. While the exact owner remains unidentified, the purchase coincides with Ethereum's battle against key resistance levels. The asset is currently testing the 100-day moving average between $1,935 and $1,970, a level that could shift into supportive territory if sustained. However, market caution persists, with further confirmation of a trend reversal requiring Ethereum to recover to the 200-day moving average near $2,180, a key resistance level marking long-term downside momentum.