On March 29, 2025, at 14:35 UTC, a significant purchase of 3,195 ETH was recorded, amounting to $5.97 million, as reported by Crypto Rover on Twitter (Crypto Rover, 2025). This transaction occurred amidst a period of market volatility, with retail investors showing signs of panic selling. The exact price of ETH at the time of the purchase was $1,870 per ETH, according to CoinGecko data (CoinGecko, 2025). This whale purchase is indicative of a potential shift in market sentiment, as large investors appear to be accumulating ETH while smaller investors are exiting their positions. The trading volume for ETH on major exchanges like Binance and Coinbase surged by 25% within the hour following the transaction, reaching a total of 1.2 million ETH traded (Binance, 2025; Coinbase, 2025). This spike in volume suggests increased market activity and interest in ETH, possibly driven by the whale's move. On-chain metrics from Etherscan show that the number of active addresses on the Ethereum network increased by 10% in the last 24 hours, indicating heightened network activity (Etherscan, 2025). Additionally, the ETH/BTC trading pair saw a 2% increase in volume, with the pair trading at 0.052 BTC per ETH (Kraken, 2025). The ETH/USDT pair on Binance also experienced a 3% rise in trading volume, with the pair trading at $1,870 per ETH (Binance, 2025). These movements across multiple trading pairs highlight the broad impact of the whale's purchase on the market.

The implications of this whale purchase are significant for traders. The immediate surge in trading volume and price suggests a potential reversal of the bearish trend that had been dominating the market. According to TradingView, the Relative Strength Index (RSI) for ETH jumped from 35 to 45 within an hour of the purchase, indicating a shift from oversold to neutral territory (TradingView, 2025). This could signal a buying opportunity for traders looking to capitalize on the momentum. The Bollinger Bands for ETH also widened, with the upper band moving from $1,900 to $1,950, suggesting increased volatility and potential for further price movement (TradingView, 2025). The Moving Average Convergence Divergence (MACD) line crossed above the signal line, indicating a bullish crossover that could further support a price increase (TradingView, 2025). The on-chain data from Glassnode shows that the number of ETH held on exchanges decreased by 2% in the last 24 hours, suggesting that investors are moving their ETH to cold storage, possibly in anticipation of a price rise (Glassnode, 2025). The ETH/BNB trading pair on Binance saw a 1.5% increase in volume, with the pair trading at 1.2 BNB per ETH (Binance, 2025). These technical indicators and on-chain metrics provide a comprehensive view of the market's response to the whale's purchase, offering traders valuable insights into potential trading strategies.

From a technical analysis perspective, the whale's purchase has had a notable impact on ETH's price and volume. The 1-hour chart on TradingView shows that ETH broke above the resistance level of $1,850, which had been holding since March 25, 2025, and is now testing the next resistance at $1,900 (TradingView, 2025). The volume profile on the 1-hour chart indicates that the highest volume node is now at $1,870, aligning with the price at the time of the whale's purchase (TradingView, 2025). The 24-hour trading volume for ETH on Binance reached 800,000 ETH, a 30% increase from the previous day's volume of 615,000 ETH (Binance, 2025). The ETH/USDC pair on Coinbase saw a similar increase in volume, with 400,000 ETH traded in the last 24 hours, up from 300,000 ETH the day before (Coinbase, 2025). The on-chain data from Nansen shows that the number of large transactions (over $100,000) increased by 15% in the last 24 hours, further supporting the notion of whale activity driving the market (Nansen, 2025). The ETH/EUR trading pair on Kraken experienced a 2.5% increase in volume, with the pair trading at €1,750 per ETH (Kraken, 2025). These detailed volume and price movements provide traders with a clear picture of the market dynamics following the whale's purchase, enabling them to make informed trading decisions.

In terms of AI-related news, there have been no direct AI developments reported on March 29, 2025, that would impact the crypto market. However, the general sentiment around AI and its potential to influence cryptocurrency markets remains positive. According to a recent report by CoinDesk, AI-driven trading algorithms have been increasingly adopted by institutional investors, leading to higher trading volumes in AI-related tokens such as SingularityNET (AGIX) and Fetch.AI (FET) (CoinDesk, 2025). On March 28, 2025, AGIX saw a 5% increase in trading volume, reaching 10 million tokens traded, while FET experienced a 3% rise in volume, with 5 million tokens traded (CoinGecko, 2025). The correlation between AI developments and major crypto assets like ETH remains strong, with a Pearson correlation coefficient of 0.75 between ETH and AGIX over the past month (CryptoQuant, 2025). This correlation suggests that positive AI news could lead to increased interest and investment in ETH, potentially driving its price higher. Traders should monitor AI-related news closely, as it could present trading opportunities in both AI tokens and major cryptocurrencies like ETH. The AI-driven trading volume changes have been significant, with a 20% increase in AI-related token trading volume observed over the past week (CoinMarketCap, 2025). This trend indicates growing interest in the AI-crypto crossover, which could further influence market sentiment and trading strategies.