Altcoins News

Story: Ethereum Whale Activity Surges to Highest Level Since 2018 as Price Eyes Breakout

By MikeT

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Whale Accumulation Hits Multi-Year Highs. According to Glassnode data shared by market analyst Quinten, a massive buying spree unfolded at…

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Dormant Wallets Come to Life. Adding further weight to the recent whale activity, one previously inactive wallet reportedly came…

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Ethereum Staking Hits New All-Time High. Another key development in Ethereum’s on-chain data is the surge in staking.

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Technical Outlook: Is $5,000 Next?. Technically speaking, Ethereum is once again entering a historically important range.

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Price Setup Is Promising, But Confirmation Needed. While the on-chain and technical signals are encouraging, traders remain cautious.

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Ethereum’s price action may have been relatively subdued in recent weeks, but behind the scenes, major players appear to be preparing for something big.

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This development coincides with other bullish signals, including record-high staking activity and a return to a historically significant price range that has marked major turning…

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These purchases came as Ethereum’s price hovered below the $2,500 level—a range that has repeatedly served as a macro bottom in previous market cycles.

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The timing of these buys is notable. Historically, each time Ethereum has retested the $1,550 to $2,500 zone, it has been followed by a strong upward price movement.

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Adding further weight to the recent whale activity, one previously inactive wallet reportedly came out of hibernation after being dormant for over a year.

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While such moves are common among long-term holders aiming to secure their assets, the scale and timing of this withdrawal have caught analysts' attention.

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Another key development in Ethereum’s on-chain data is the surge in staking. On June 25, the percentage of ETH staked reached a record 29.02%.

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This trend has important implications for market dynamics. Staked ETH becomes temporarily illiquid, meaning it cannot be sold on the open market.

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The combination of whale accumulation and growing staking participation paints a bullish picture.

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Technically speaking, Ethereum is once again entering a historically important range. The $1,550–$2,500 zone has repeatedly acted as a foundational support area during past bull…

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