Ethereum Whales Accumulate Heavily—Bullish Reversal Ahead?
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In a surprising twist amid ongoing market uncertainty, Ethereum (ETH) whales are back in action—accumulating large amounts of ETH in what many analysts are calling a strong signal of a potential bullish reversal.
According to on-chain analytics firm Santiment, wallets holding between 10,000 and 100,000 ETH have collectively added over 1.3 million ETH to their holdings in the past two weeks. This wave of accumulation, valued at over $4.3 billion, is one of the largest whale buying sprees seen since late 2023.
The move has stirred speculation across the crypto community. Historically, such accumulation phases by large holders—often termed “smart money”—have preceded major price rebounds. Market watchers now believe Ethereum could be gearing up for a strong comeback, especially after its recent drop below the $3,200 level.
Crypto analyst Michaël van de Poppe remarked, “Whales don’t buy without reason. This type of activity often signals a reversal is near. If ETH holds above $3,000, we might see a move toward $3,500 and beyond.”
This resurgence in whale interest comes at a time when Ethereum has been lagging behind Bitcoin in terms of price action and investor sentiment. However, upcoming catalysts are starting to paint a more optimistic picture. These include the continued rollout of Ethereum’s Dencun upgrade, which aims to reduce gas fees and improve scalability, and rising institutional interest through ETH-based ETFs.
Moreover, the broader DeFi ecosystem is once again showing signs of life, with Total Value Locked (TVL) on Ethereum-based protocols rising steadily. Projects like Lido, Aave, and MakerDAO have seen increased activity, potentially boosting demand for ETH as network fees and staking returns improve.
Still, not everyone is convinced of a full-fledged bull market return. Some skeptics warn that the current whale behavior could be a strategic accumulation for medium-term gains rather than a long-term commitment. Others caution that macroeconomic risks, including inflation data and U.S. Fed decisions, could still influence crypto markets heavily.
Nevertheless, technical indicators are aligning in favor of ETH bulls. The Relative Strength Index (RSI) has moved out of the oversold zone, and ETH has now formed a bullish divergence on the 4-hour and daily charts. If the $3,150 resistance is broken with volume, traders expect a rally toward $3,500–$3,700.
In summary, Ethereum’s recent whale accumulation may very well be the fuel that lights the next rally. Whether it’s a breakout or a fakeout remains to be seen, but all eyes are now on ETH as it stands at the crossroads of recovery and further consolidation.
