TLDR
- An early Ethereum investor transferred 15,002 ETH, worth about $31 million, to Coinbase after years of inactivity.
- Blockchain data shows the wallet accumulated over 172,000 ETH in 2016 at an average price near $12.
- Ethereum traded near $2,000 after posting a 3.5% decline within 24 hours.
- Analyst Ali Martinez said Ethereum could retest the $1,800 support level based on the weekly chart pattern.
- The recent transfer raised market attention as exchange deposits often precede potential selling activity.
An early Ethereum investor transferred 15,002 ETH, worth about $31 million, to Coinbase after years of inactivity. The move came as Ethereum traded near $2,000 following a 3.5% daily decline. Market data shows the transfer occurred as analysts flagged key support levels around $1,800.
Ethereum OG Deposits 15,000 ETH to Coinbase After 10 Years
Arkham Intelligence reported that wallet 0xa2F6 sent 15,002 ETH to Coinbase in a single transaction. The tokens carried an estimated value of $30.97 million at current prices. The address had remained inactive for nearly a year before this transfer.
The wallet traces back to Ethereum’s early period in 2016. Records show the holder accumulated about 172,700 ETH when prices hovered near $12. That stash cost roughly $2.2 million at the time based on historical pricing.
At current levels near $2,000, those holdings would equal about $356 million. If the investor sells the recent 15,000 ETH, the profit could reach nearly $30.79 million. The estimated return stands near 17,680% over the past decade based on entry price data.
Exchange deposits often signal intent to sell because traders move assets for liquidity. However, on-chain data only confirms the transfer and not a completed sale. Arkham Intelligence identified the transaction through blockchain tracking tools.
Ethereum Price Drops 3.5% as Analysts Flag $1,800 Level
Ethereum traded near $2,000 after posting a 3.5% decline in 24 hours. The drop followed a sharp fall in gold prices to around $4,340. Market data shows gold recorded its largest weekly decline in over 40 years.
At the same time, geopolitical tensions continued into a fifth week involving the United States, Israel, and Iran. Price action reflected broader volatility across financial markets. Trading volumes increased during the daily decline, according to exchange data.
Chart analyst Ali Martinez reviewed the weekly Ethereum chart and shared his outlook. He said Ethereum forms a long-term rising triangle pattern on the weekly timeframe. He stated, “ETH is forming a long-term rising triangle on the weekly chart.”
From a technical standpoint, Ethereum $ETH appears to trade within a well-defined ascending triangle on the weekly chart.
The recent move toward $1,800 served as a critical reaction point, aligning with the rising trendline of this multi-year structure. https://t.co/BDiUtePU9k pic.twitter.com/lFd95BFBs0
— Ali Charts (@alicharts) March 22, 2026
Martinez explained that the lower trendline continues to slope upward and provides support. He noted that Ethereum recently touched around $2,156 and bounced from that level. He added that buyers defended the trendline during the recent pullback.
The upper boundary of the triangle stands near $4,900 and acts as resistance. Martinez said, “If ETH breaks above $4,900 and holds, it could rise toward $10,000.” He also warned that a drop below $2,100 to $1,800 could open the path toward $1,200.
Ethereum currently trades close to the lower boundary of the triangle pattern. The weekly chart shows price hovering near the rising support line. Market participants continue to monitor the $1,800 level highlighted by the analyst.
