- Smaller ETH holders have sold more ETH recently, and whales are absorbing these sales.
- ETH has continued its upward trend.
Ethereum [ETH] has witnessed an extraordinary movement recently as whale investors purchased over 280,000 ETH, amounting to approximately $1 billion, in over five days.
This accumulation has stirred significant speculation about Ethereum’s future trajectory, especially with the asset trading near $3,700.
Combined with shifting exchange flows and an uptick in on-chain activity, all eyes are on whether Ethereum can sustain its bullish momentum or face a correction.
Ethereum whale activity fuels optimism
The sudden spike in whale accumulation, depicted in the on-chain data, underscores growing confidence among large investors.
This surge coincides with Ethereum’s recent price rally and its breakout from the $3,500 resistance level.

Source: Santiment
Analysis of the chart from Santiment highlights the consistent addition of ETH by wallets holding between 100,000 and 1,000,000 ETH.
The charts showed that the whales switched to accumulation mode earlier in the month. The move could indicate a long-term bullish sentiment.
Exchange netflows reflect market behavior
A key metric supporting the bullish case is the net flow of Ethereum to and from exchanges. Analysis of Glassnode data revealed a significant fluctuation in the last few weeks.
However, there has been more outflow of ETH from exchanges, suggesting that traders are moving their holdings.

Source: Glassnode
The trend in exchange flows shows that the whale move has impacted, balancing the sell-off from retail holders.
This trend indicates a reduced likelihood of immediate selling pressure, which could further stabilize Ethereum’s price.
Challenges to Ethereum sustaining momentum
Despite these bullish signals, risks remain. Ethereum’s price is nearing overbought levels, which could trigger a short-term correction. As of this writing, ETH is trading at around $3,709, with a slight increase.
Also, an imminent Golden Cross was observed, with the 50 Moving Average (MA) getting closer to going above the 200 MA.

Source: TradingView
Read Ethereum’s [ETH] Price Prediction 2024-25
Ethereum’s recent whale accumulation and favorable on-chain metrics have set the stage for potential gains. However, caution is warranted given the asset’s overbought technical indicators and the possibility of profit-taking.
Ethereum appears poised for an extended rally, provided broader market conditions remain supportive.
- Smaller ETH holders have sold more ETH recently, and whales are absorbing these sales.
- ETH has continued its upward trend.
Ethereum [ETH] has witnessed an extraordinary movement recently as whale investors purchased over 280,000 ETH, amounting to approximately $1 billion, in over five days.
This accumulation has stirred significant speculation about Ethereum’s future trajectory, especially with the asset trading near $3,700.
Combined with shifting exchange flows and an uptick in on-chain activity, all eyes are on whether Ethereum can sustain its bullish momentum or face a correction.
Ethereum whale activity fuels optimism
The sudden spike in whale accumulation, depicted in the on-chain data, underscores growing confidence among large investors.
This surge coincides with Ethereum’s recent price rally and its breakout from the $3,500 resistance level.

Source: Santiment
Analysis of the chart from Santiment highlights the consistent addition of ETH by wallets holding between 100,000 and 1,000,000 ETH.
The charts showed that the whales switched to accumulation mode earlier in the month. The move could indicate a long-term bullish sentiment.
Exchange netflows reflect market behavior
A key metric supporting the bullish case is the net flow of Ethereum to and from exchanges. Analysis of Glassnode data revealed a significant fluctuation in the last few weeks.
However, there has been more outflow of ETH from exchanges, suggesting that traders are moving their holdings.

Source: Glassnode
The trend in exchange flows shows that the whale move has impacted, balancing the sell-off from retail holders.
This trend indicates a reduced likelihood of immediate selling pressure, which could further stabilize Ethereum’s price.
Challenges to Ethereum sustaining momentum
Despite these bullish signals, risks remain. Ethereum’s price is nearing overbought levels, which could trigger a short-term correction. As of this writing, ETH is trading at around $3,709, with a slight increase.
Also, an imminent Golden Cross was observed, with the 50 Moving Average (MA) getting closer to going above the 200 MA.

Source: TradingView
Read Ethereum’s [ETH] Price Prediction 2024-25
Ethereum’s recent whale accumulation and favorable on-chain metrics have set the stage for potential gains. However, caution is warranted given the asset’s overbought technical indicators and the possibility of profit-taking.
Ethereum appears poised for an extended rally, provided broader market conditions remain supportive.
Когда за столом начинается настоящая игра, каждый шаг имеет значение. Покерный помощник всегда рядом, чтобы направить вас в нужное русло. Он анализирует, просчитывает и предлагает лучшие решения, чтобы вы могли сосредоточиться на главном — на победе. С таким помощником вы забудете про неуверенность и начнете играть, как настоящий профессионал. Ощутите мощь поддержки, которая всегда за вас!
Автосервис высокого класса в Москве, которые подарят вашему автомобилю вторую жизнь.
Автосервисы в москве и московской области https://crabcar.ru/ .
clomid rx for men where to get cheap clomiphene price cost of generic clomid without rx can i order cheap clomiphene without rx where can i buy cheap clomid price clomiphene prices in south africa can i get generic clomid pills
I am in point of fact delighted to glance at this blog posts which consists of tons of profitable facts, thanks representing providing such data.
This is the gentle of scribble literary works I truly appreciate.
azithromycin order online – order floxin 200mg online buy flagyl 400mg without prescription
semaglutide 14mg canada – periactin pill buy periactin 4 mg without prescription
buy generic motilium for sale – cost domperidone buy cyclobenzaprine online cheap
buy propranolol generic – inderal where to buy buy methotrexate 2.5mg for sale
amoxicillin over the counter – ipratropium 100mcg sale ipratropium over the counter