Whales Move $142,000,000,000 in Ethereum, Will Ether Hit $5,000?

Whales transferred over $1.4 billion in Ethereum, meanwhile Bloomberg's strategist expects ETH to hit $5,000.

Crypto transaction tracking service Whale Alert has noticed the movements first. The account shared the data of massive Ethereum transactions, carrying an amount of around $1,424.9 billion worth of Ether at the current ETH price.

The total amount of Ethereum transferred comes from whales and Binance, which moved 460,792 ETH worth $1,850,462,337.36 at press time. Moreover, each of these transfers moved from 14,000 to 20,000 and 30,000 ETH.

On top of that, the largest shift was from an unknown wallet that shifted around 146,169 ETH worth around $579,638,839.

According to CoinMarketCap, the second largets crypto by market cap is trading at $4,166.60 with a 24-hour trading volume of $23,728,588,017. This means Ethereum is up 4.14% in the last 24 hours.