A significant development has emerged in the cryptocurrency world as the hacker linked to the theft of over $300 million from Coinbase has made a substantial purchase of Ethereum. On-chain data from Arkham reveals that the wallet address 0x15f4c13E0cA461e0ef23F6d35Bbeb5dCE2495879 has received nearly 4,000 ETH, valued at approximately $18 million, at a price of $4,756 per token.
This wallet has been under close surveillance since the notorious breach in May 2025, in which Coinbase revealed that personal data from nearly 70,000 customers was compromised. The attack was executed using bribery of overseas support staff, coupled with social engineering tactics aimed at misleading users into transferring their funds. In an effort to combat this criminal activity, Coinbase had put forth a $20 million reward for any information leading to the arrest and conviction of those involved.
In a related note, Ethereum has shown remarkable performance in the market, achieving a 9.7% increase over the past week. The cryptocurrency breached the $4,200–$4,400 consolidation zone, with current trading values hovering around $4,717.87, reflecting a 4.53% increase in just 24 hours. The market capitalization for Ethereum has climbed to $569.46 billion, alongside a trading volume of $43.08 billion.
Technical indicators suggest strong bullish momentum for Ethereum, with the 50-day exponential moving average (EMA) at $4,209 serving as an essential support level. In contrast, the 100-day EMA at $3,682 and the 200-day EMA at $3,249 remain significantly lower, reinforcing the ongoing uptrend. Analysts note that market data indicates aggressive buying during dips, along with high open interest and neutral funding rates.
Adding to the excitement, a prominent trader in the crypto community, known as Byzantine General, recently shared a chart forecasting a potential “monster candle” for Ethereum. The price action appears to be coiling near local highs, leading analysts to speculate that ETH may soon execute a decisive move that could influence the broader market dynamics for the remainder of the current bull cycle.
