
Crypto Whales Accumulate $350M in Ethereum as Price Tests Key Support Levels
Four major crypto whales purchased over $350 million worth of Ethereum in just two days, coinciding with $1.83 billion in ETF inflows this week.
Four major crypto whales purchased over $350 million worth of Ethereum in just two days, coinciding with $1.83 billion in ETF inflows this week.
Ethereum maintained its $3,802 price level on July 30 despite broader market weakness, supported by its 10-year anniversary celebrations, SEC approval of ETF in-kind redemptions, and surging institutional demand with BlackRock’s ETF now holding over 3 million ETH.
Despite ETH’s 4% decline, Standard Chartered predicts major institutional inflows could push Ethereum above $4,000, with treasury accumulation happening twice as fast as Bitcoin’s growth rate.
Ethereum traders are heavily positioned for upside movement as June 27 options expiry approaches, with significant call interest concentrated at $2,500 and $2,450 strikes while ETH trades around $2,438.
Ethereum displays concerning double top formation at $4,000 resistance with current price locked in symmetrical triangle near $2,424. Long liquidations exceed shorts as market awaits decisive breakout.
The altcoin market shows increasing bearish sentiment as Ethereum breaks below key support at $3,035, while whale transactions decline and US ETF outflows reached $26.26 million last week.
Yesterday the ETH grew noticeably, and on Tuesday, March 2nd, it keeps looking for a foothold, trading at 1,541 USD. The market looks clearly positive.
On Thursday, February 25th, ETH is correcting, trading at 1,618 USD.
The Ethereum has been correcting for two days already, but for now, this has little significance: the market remains unmistakably positive. On Thursday, February 11th, the ETH is trading at $1,726 USD.
On Thursday, January 14th, the Ethereum altcoin keeps correcting, trading at $1,122.
On Thursday, December 24th, ETH is declining, trading at 580.00 USD.
After growing actively at the beginning of the week, the leading altcoin stabilized near 590.00 USD.
On Thursday, October 1st, ETH is stable, trading near $362.50.
On Tuesday, September 8th, Ethereum (ETH) is consolidating, generally trading at $347.97 USD. Since the beginning of the months, the rate of the main altcoin has dropped by 25%.
On Thursday, September 3rd, ETH is trying to stabilize after a technical correction the day before. It is generally trading at $442.00 USD.