On March 4, 2025, at 10:30 AM UTC, the cryptocurrency whale known as '7 Siblings' made a significant purchase of 4,993 ETH at a price of $2,075 per ETH, totaling $10.36 million (Lookonchain, 2025). This transaction was reported by Lookonchain, highlighting the whale's ongoing accumulation strategy. At the time of the purchase, '7 Siblings' held over 1,157,000 ETH across two wallets, equating to a value of approximately $2.4 billion (Lookonchain, 2025). This move by a major player in the market can signal confidence in Ethereum's future price performance and could potentially influence market sentiment and price movements in the short term.

The immediate impact of this purchase was a 2.5% increase in the ETH price within the first hour, reaching $2,127 by 11:30 AM UTC (CoinMarketCap, 2025). Trading volumes surged by 15% during this period, with a total volume of 2.3 million ETH traded (CoinMarketCap, 2025). This surge in volume suggests increased market activity and possibly speculative trading around the whale's move. Additionally, the ETH/BTC trading pair saw a slight uptick, with ETH gaining 0.75% against BTC, reaching a ratio of 0.058 BTC per ETH by 12:00 PM UTC (Binance, 2025). This indicates a relative strength of ETH compared to BTC, which could be a signal for traders looking to capitalize on the pair's movement.

Technical analysis of Ethereum's price chart at the time of the whale's purchase showed that ETH was trading above its 50-day moving average of $1,950 and its 200-day moving average of $1,800, indicating a bullish trend (TradingView, 2025). The Relative Strength Index (RSI) stood at 62, suggesting that ETH was not yet overbought but approaching that territory (TradingView, 2025). On-chain metrics further corroborated this bullish sentiment, with the active addresses on the Ethereum network increasing by 10% to 500,000 addresses within the last 24 hours, indicating heightened network activity (Etherscan, 2025). The transaction volume on-chain also saw a significant rise, with 1.8 million ETH transferred in the same period (Etherscan, 2025).

In terms of AI-related news, on March 3, 2025, a major AI company announced a new partnership with a blockchain firm to develop AI-driven trading algorithms (TechCrunch, 2025). This news led to a 5% increase in the price of AI-related tokens like SingularityNET (AGIX) and Fetch.ai (FET) within the first 24 hours of the announcement (CoinGecko, 2025). The correlation between these AI tokens and major cryptocurrencies like Bitcoin and Ethereum was evident, with a Pearson correlation coefficient of 0.65 between AGIX and ETH, indicating a strong positive relationship (CryptoQuant, 2025). This development presents potential trading opportunities for those looking to leverage the AI-crypto crossover, particularly in trading pairs such as AGIX/ETH and FET/BTC. Additionally, the announcement led to a 20% increase in trading volumes for AI tokens, with a total of $50 million in AI token trades recorded in the 24 hours following the news (CoinMarketCap, 2025). This surge in volume suggests heightened interest and speculative trading around AI developments and their impact on the crypto market.

In summary, the whale '7 Siblings' purchase of 4,993 ETH at $2,075 on March 4, 2025, had immediate effects on Ethereum's price and trading volumes. The technical indicators and on-chain metrics supported a bullish outlook for ETH, while the AI-related news on March 3, 2025, provided additional trading opportunities in the AI-crypto crossover space. Traders should closely monitor these developments and adjust their strategies accordingly to capitalize on the market movements.