Altcoins News

Story: Ethereum Whales Accumulate $148.8M Despite Price Correction — What It Means for ETH

By Maheen Hernandez

1 / 15

Price Pullback Meets Whale Conviction. Ethereum has struggled to reclaim the $4,500 zone, a level repeatedly tested but firmly defended…

2 / 15

$148.8 Million in Fresh Whale Buys. On-chain data shows that three new wallets collectively acquired $148,860,000 worth of ETH over…

3 / 15

Ethereum Price Outlook: Support and Resistance Levels. At the time of writing, ETH trades around $4,414, consolidating just below the $4,500 resistance…

4 / 15

Why Whales Are Quietly Accumulating ETH. Ethereum’s fundamentals remain strong, even in the face of short-term volatility.

5 / 15

What to Watch Next. For Ethereum investors, the coming weeks may prove decisive.

6 / 15

Ethereum (ETH) is facing renewed volatility, slipping under key resistance levels as the broader crypto market cools.

7 / 15

According to on-chain analyst Ted Pillows, whales have been actively withdrawing ETH from centralized exchanges, shifting their holdings into long-term strategies and…

8 / 15

While retail traders remain cautious, whales seem to be quietly stacking ETH, setting the stage for future moves.

9 / 15

Such aggressive buying amid a market correction is viewed as a positive signal by analysts, especially given Ethereum’s recent outperformance against Bitcoin.

10 / 15

Technical indicators suggest Ethereum is holding strong support:

11 / 15

The 50-day SMA near $4,115 acts as immediate support.

12 / 15

The 100-day SMA around $3,368 offers deeper protection within the bullish structure.

13 / 15

The 200-day SMA at $2,721 underscores ETH’s long-term uptrend.

14 / 15

If ETH holds above $4,000, analysts say the bullish structure remains intact. A breakdown below this threshold could invite further downside toward $3,900.

15 / 15

Ethereum’s fundamentals remain strong, even in the face of short-term volatility. Key drivers for whale conviction include:

The Currency Analytics

Want the full story?