Ether Reclaims $2,400 as One Wallet Rotates $20.64 Million From Bitcoin

As of 3:17 a.m. ET Friday (07:17 UTC), Ether (ETH) was $2,403.28 after one wallet sold Bitcoin (BTC) and bought ETH worth the same $20.64 million, showing a single-wallet rotation. That put ETH $3.28 above the level it had fallen below Thursday.

ETH was down 1.01% over the previous 24 hours at that reading. The wallet sold 246.25 BTC, valued at $20.64 million, and bought 8,286 ETH at the same reported value.

Over 11 days through Oct. 22, the same wallet sold 1,917.7 BTC worth $159 million and acquired 64,545 ETH valued at $155 million.

The equal reported values show a shift between crypto assets, not comparable new capital entering crypto markets. The wallet’s owner and motive were not identified. Its activity documents one account and does not establish broader accumulation by large holders.