Home Altcoins News Ethereum Whales Add $1B in ETH, Preparing for Price Surge

Ethereum Whales Add $1B in ETH, Preparing for Price Surge

Ethereum Price Surge

Ethereum’s native token, Ether (ETH), is experiencing an accumulation trend that has raised questions about the cryptocurrency’s future price trajectory. Despite being the only top-10 cryptocurrency showing a negative return over the past 30 days, Ethereum has seen an influx of major investors, renewed hopes for a bullish reversal.

In the last two weeks, Ethereum addresses holding between 1,000 to 10,000 ETH have accumulated a significant amount—330,000 ETH, valued at more than $1.08 billion. This marks a clear sign of increased activity among Ethereum’s whale addresses, and this latest accumulation trend has investors wondering whether Ethereum could be setting itself up for a $5,000 price target in the near future.

A Surge in Whale Activity: 330,000 ETH Added in Just Two Weeks

According to a report by MAXPAIN, a crypto market analyst, large Ethereum addresses have been accumulating ETH since January 7. This particular cohort of addresses now holds over $1 billion worth of Ethereum, adding more than 330,000 ETH to their wallets. This surge in holdings is particularly noteworthy, as it mirrors similar accumulation patterns observed in April 2024, when a similar group of whales amassed over 620,000 ETH. Following that accumulation, Ethereum experienced a 66% increase in price.

In addition to the increase in whale activity, there has been a noticeable rise in Ethereum’s daily active addresses, reaching around 180,000. This surge in network growth points toward fresh capital inflow, suggesting that new investors may be entering the market despite the overall lack of strong retail interest.

Ethereum’s Struggle: Market Interest vs. Whale Behavior

While whale accumulation is on the rise, Ethereum’s spot market transaction volumes have dropped significantly. On-chain analyst Percival highlighted that the volume of ETH spot market transactions has decreased by 84%, from $52 billion in January 2021 to just $8 billion in 2025. This stark decline points to reduced demand for Ethereum in the current bull market, reflecting a general lack of retail enthusiasm. Despite the influx of whale capital, Ethereum’s overall market momentum appears weaker than it was during previous bull runs.

This divergence in behavior, with whales accumulating while retail interest declines, poses a complex dynamic for Ethereum’s future price. While the accumulation trend may signal confidence from large investors, Ethereum still faces hurdles in terms of broader market sentiment.

Can Ethereum Reach $5,000? Technical Analysis and Key Levels

Ethereum’s price action has shown signs of potential bullish momentum, especially as some traders are starting to identify favorable chart patterns. One such pattern is the inverse head-and-shoulders formation, which signals a possible bullish reversal. According to Jelle, a long-term crypto investor, this pattern, combined with ascending triangles on the weekly chart, points to a high probability of an upward breakout.

Traders like Alec, a derivative trader, also see signs of tightening on both low and high time frames, indicating that Ethereum is building up pressure for a significant move. While this could lead to a sharp price move, the direction of that move remains uncertain for now. The presence of liquidity on both sides of the market suggests a volatile shift could be imminent.

However, Ethereum still faces a major technical challenge. For Ethereum to make its way to the $5,000 price range, it must first break through a key resistance level around $4,100. Since 2024, Ethereum has struggled to surpass this level, failing to maintain support above it on two separate occasions.

Cold Blooded Shiller, a well-known markets analyst, shared his optimistic outlook, predicting that Ethereum could reach $5,000 by March 2025. While such a target is feasible, the immediate task for Ethereum is to convert the $4,100 resistance into support on the daily and weekly charts. Once this level is decisively breached, Ethereum could be poised for a significant rally toward $5,000.

The Road Ahead: Challenges and Opportunities

Despite the optimistic accumulation patterns observed in Ethereum’s whale addresses, Ethereum’s journey to $5,000 faces significant hurdles. The cryptocurrency must navigate a complex landscape, with a shrinking spot market, bearish sentiment, and a crucial resistance level at $4,100. Still, the increasing whale interest and the potential technical breakout suggest that Ethereum could be gearing up for a major price move.

In the coming weeks, all eyes will be on Ethereum’s ability to sustain its current momentum and break through the $4,100 resistance level. If Ethereum can maintain support above this threshold, a rally to $5,000 is a distinct possibility. For now, Ethereum remains a highly volatile and intriguing asset, and its path to a new all-time high will depend on both macroeconomic conditions and the technical landscape that’s beginning to take shape.

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MikeT

Mike T, an accomplished crypto journalist, has been captivating audiences with her in-depth analysis and insightful reporting on the ever-evolving blockchain and cryptocurrency landscape. With a keen eye for market trends and a talent for breaking down complex concepts, Mike's work has become essential reading for both crypto enthusiasts and newcomers alike. Appreciate the work? Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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