Ethereum Price At Break Or Make Level As Whale Accumulation Hits New Highs

Ethereum

Ethereum Price At Break Or Make Level As Whale Accumulation Hits New Highs

Ethereum is experiencing a surge in accumulation by whale investors according to recent on-chain data and transaction alerts. Major transfers have been detected moving between exchanges and private wallets in the past 24 hours. The ethereum price is at a crucial range, whats next, $2k Or $4k？

Whale accumulation hits new highs as price jumps

The movement of such large amounts of coins and other Ethereum news relating to whale activity suggets strategic positioning by large holders. Analyst Gordon picked up this trend and stated that “Whales are accumulating $ETH like never before” in a recent tweet.

According to CryptoQuant data, accumulation addresses have reached historic levels of inflow. The chart above illustrates an eye-popping vertical spike in accumulation that surpasses all earlier inflow events in ETHs history since its inception in 2017.

Another, Ethereum news shows major whale activity, with several massive transactions moving approximately 150,000 ETH across different wallets and exchanges. One of the biggest transfers, as per Whale Alert, a top blockchain tracking firm, was 76,800 ETH for $195,308,712 from Binance to Binance Beacon Deposit. It may possibly be for staking.

The second significant transaction involved 40,930 coins valued at $104,655,422 transferred from an undisclosed wallet to custodial service Ceffu. Binance transferred 32,496 ETH valued at $82,956,333 to an undisclosed wallet.

The three transfers total more than 150,000 ETH, worth over $380 million. These transfers come just days after CoinGape reported a huge whale activity, with ETH investors accumulating 123,000 coins.

This growing accumulation is matched by the altcoins incredible price action across all time frames. ETH has risen by 38.6% over the past week and a whopping 50.6% over the past month.

Whats Next for Ethereum Price, $2000 Or $4000？

The weekly price range shows ETH has traded between $1,763.97 and $2,582.98. A recent CoinGape market analysis also raised the possibility of the Ethereum price hitting $3,000 as over 66 million ETH turn profitable.

Ethereum price break or make

ETH price is at crucial juncture, if price holds above the bull market band shown in the chart, next leg up can take us to $3k+. But, if the price breakdown below the band, we can revisit $2k zone with chances to falling to $1500 again. Here are three major scenarios for investors to consider.

• : ETH consolidates above the support band and breaks out toward $3,500+.
• : ETH continues sideways chop within the $2,300–$2,600 range until more macro clarity.
• : ETH rejects the support band and starts a new leg down — potential targets under $2,000.

Smart money accumulates during bear markets and sells during bull markets. Still, the evidence here implies whales are still betting on a further price surge despite the gains which ETH has already enjoyed.