| Mobile Web

Three new wallets scoop up 25,425 ether; identity unknown

On-chain data suggests three newly created Ethereum wallets bought 25,425 ether within two hours. The wallets spent a total of 50.04 million DAI at an average price of $1,968, a blockchain outlet reported. The market is watching whether the purchases reflect a single organisation building a new position as ether tests a key resistance area. Traders are focused on the 100-day moving average around $1,935 to $1,970 and the 200-day level near $2,180.