<ul data-eligibleForWebStory="true"><li>Ethereum has been consolidating around the $2,500 price level recently, facing resistance at $2,600 despite inflows into Ethereum Spot ETFs.</li><li>A dormant Ethereum wallet holding millions worth of ETH was reactivated, sparking interest and concern among holders regarding potential selling pressure.</li><li>Whale Alerts reported the awakening of a pre-mined Ethereum address that had been inactive for almost a decade, holding 2,000 ETH since 2015.</li><li>The wallet's value increased from $620 in 2015 to over $5 million today, resulting in an 820x profit at current prices.</li><li>Following a recent transaction, 500 ETH were sent to an address associated with the Binance crypto exchange.</li><li>The original wallet still holds around 1,500 ETH, raising questions about potential future sell-offs and their impact on the market.</li><li>If more ETH is sold by the whale, it could exert additional selling pressure and hinder Ethereum's breakout from its consolidation phase at $2,500.</li><li>Ethereum's current price is $2,525, with fluctuations between $2,549 and $2,495 in the past 24 hours.</li></ul>

Dormant Ethereum Wallet Awakens After 10 Years With Millions Worth Of ETH

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