Altcoins News

Story: Ethereum Whale Activity Points to $4.9K Target Before Crowd Joins the Party

By Maheen Hernandez

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Whales Accumulate While Profits Stay Low. Ethereum is trading close to its previous high of $3,980 set in March 2025.

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$800 Million ETH Transfer Hints at Strategic Positioning. Supporting this bullish outlook is a significant development involving SharpLink Gaming.

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Calm Before the Storm: Retail Still Missing. While smart money pours in, the general public hasn’t caught on yet.

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Why This Matters Now. Timing in crypto markets often separates short-term profits from long-term regrets.

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Final Thoughts. Ethereum is showing multiple signs of underlying strength.

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Ethereum’s latest rally has captured the attention of smart money, even as retail investors remain largely on the sidelines.

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Ethereum is trading close to its previous high of $3,980 set in March 2025. Despite this, on-chain data from Glassnode shows that the Relative Unrealized Profit metric — a…

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Back in March, this indicator had climbed to +2 standard deviations, reflecting significant paper profits across Ethereum holders.

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If Ethereum were to return to that previous level of unrealized profit, it could imply a price move toward $4,900.

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Supporting this bullish outlook is a significant development involving SharpLink Gaming. A wallet identified as 0xCd9 recently transferred another $40 million worth of ETH to the…

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These transactions have positioned SharpLink among the largest ETH holders globally, surpassing even the Ethereum Foundation in total holdings.

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Such aggressive accumulation during a relatively quiet market phase often signals that institutional or well-capitalized investors are preparing for a longer-term move.

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While smart money pours in, the general public hasn’t caught on yet. Data from platforms like Google Trends and Wikipedia reveals that search interest around Ethereum and Bitcoin…

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In the past, peak retail involvement has coincided with massive online searches like “How to buy Ethereum” or “Is crypto a good investment?

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Analysts at Alphractal interpret this lack of excitement as a positive sign. Retail frenzy typically marks the final stages of a bull run.

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