Bitcoin OG Whale Buys $4B Ether – Will ETH Soar 100x? 🚀

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My dear readers, behold our enigmatic Bitcoin OG, once known for deep BTC pockets, now engaged in a most theatrical pivot into Ethereum 🎩💰. With the grace of a seasoned performer, he’s traded his Bitcoin for ETH, leaving us all wondering if this is a grand entrance or a dramatic exit.

The transaction, which saw the whale sell 2,000 BTC (a tidy $215M) and convert it into 48,942 ETH, has left the market in a state of high dudgeon. One might say he’s playing a game of financial chess, with every move calculated and every pawn a potential king.

This Bitcoin OG has sold another 2,000 $BTC($215M) and bought 48,942 $ETH ($215M) spot over the past 4 hours.

In total, he has bought 886,371 $ETH($4.07B).

– Lookonchain (@lookonchain) September 1, 2025

Ether’s Upside Potential

Market experts, ever the dramatists, suggest this accumulation spree may be a bid to front-run institutional inflows. One can only imagine the drama of Wall Street staking Ethereum, as Consensys founder Joseph Lubin, ever the optimist, prophesied Ethereum’s market base might swell 100fold 🌟.

I am 100% aligned with almost all of what Tom @fundstrat says here.

Yes, Wall Street will stake because they currently pay for their infrastructure and Ethereum will replace much of the many siloed stacks they operate on (e.g. JPMorgam probably operates on several siloed stacks…

– Joseph Lubin (@ethereumJoseph) August 30, 2025

Institutional Interest Adds Momentum

The Bitcoin OG’s antics are mirrored by Longling Capital, who, after selling 5,000 ETH, have once again donned the buyer’s hat. A most curious dance, one might say, as they pick up 7,000 ETH ($30.6M) with the flair of a seasoned performer.

Ethereum recently marked a new all-time high of $4,953 on Aug. 25 but quickly faced a price correction. At the time of writing, ETH is trading at around $4,388, marking a 6% drop over the past week. One can only hope this is a brief intermission before the curtain rises again.

$ETH looks like it’s getting ready for a big move 🚀

As long as it holds above the $4,360 support, a push toward $5K+ is on the table.

The chart is showing strong accumulation before the next leg up.

Don’t fade on Ethereum 👀

– RJT. WAGMI (@RJTTheOG) August 31, 2025

ETH Price to $5,200?

Ethereum’s daily chart shows the price consolidating within the Bollinger Bands, with the mid-band (20-day SMA) acting as immediate support around $4,360. The bands are tightening, indicating reduced volatility before a potential breakout. One might say the suspense is palpable.

If ETH holds above $4,360, buyers could push toward resistance at $4,750 and retest the $4,953 all-time high, with a breakout opening doors to $5,200+, making ETH the next crypto to explode. A most thrilling prospect, wouldn’t you agree?

ETH daily chart with RSI Indicator as of September 1 | Source: TradingView

Meanwhile, the Relative Strength Index (RSI) is hovering near 52, suggesting a neutral stance but leaning slightly bearish after cooling off from overbought levels in August. A most delicate balance, one might say.

A close below $4,360 would expose support at $4,100, and a deeper correction could drag ETH back toward $3,900. For now, consolidation and strong whale accumulation suggest Ethereum is preparing for its next decisive move. A drama in the making, if you will.

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2025-09-01 16:43