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The Friday, Nov. 6, purchases were valued at about $228 million, implying an average price near $75,800 per coin.

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The address beginning 3Ps78 had been inactive for more than a year before its Nov. 6 buying.

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Ethereum price has remained under pressure in the past few months, mirroring the performance of other coins. It was trading at $2,235 on Sunday, a few points below the crucial resistance level of $2,781. So, what next for the coin as ETH ETF outflows surge? American investors are dumping their Ethereum ETFs American investors are selling their ETH ETFs aggressively, a sign that they expect the coin to remain under pressure in the foreseeable future. Spot Ethereum ETFs shed over $93 million on Friday after selling $99 million on Thursday. These funds shed over $431 million last week, the six consecutive side of outflows. They have now shed over $365 million this month after losing $1.6 billion last month.

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A mysterious $163,000 crypto transaction has fueled rumors that Roger Ver, the controversial Bitcoin evangelist also known as 'Bitcoin Jesus,' may be purchasing Bitcoin Cash (BCH) once more.