Altcoins News

Story: Ethereum Whales Scoop Up $400M in ETH as Price Holds Steady

By Sakamoto Nashi

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Big Players Are Moving In. Blockchain tracking platforms Lookonchain and Onchain Lens have revealed a wave of high-value…

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Price Stalls but Support Holds. Despite the significant inflow of capital from whales and institutions, Ethereum’s price action…

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Liquidation Levels Reveal Market Sentiment. According to data from CoinGlass, there are two critical liquidation zones that reflect how…

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What It Means for Investors. The data paints a picture of quiet accumulation under the surface of a stagnant market.

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Final Thoughts. Ethereum’s current price action might seem uneventful on the surface, but whale activity tells a…

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Ethereum is making headlines again—not for a sudden price rally, but for something that might be more important in the long run.

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Blockchain tracking platforms Lookonchain and Onchain Lens have revealed a wave of high-value Ethereum acquisitions over the last few days.

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A new wallet labeled 0x8eEa has drawn particular attention. Over the past four days, this single entity has amassed a total of 105,977 ETH, valued at approximately $397 million.

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Another newly created wallet has also been active, purchasing 32,640 ETH through over-the-counter (OTC) deals—an acquisition worth roughly $122.18 million.

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Meanwhile, publicly listed company SharpLink Gaming (Nasdaq: SBET)—dubbed the “MicroStrategy of Ethereum”—has been bolstering its reserves.

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This wave of accumulation is being interpreted by analysts as a possible signal that larger market players are preparing for a longer-term ETH rally.

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ETH remains in an uptrend overall, having rallied over 35% in recent weeks. But now, with price momentum appearing stretched and profit-taking kicking in, Ethereum is struggling…

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At the same time, the $3,650 support level has proved resilient. On the 4-hour chart, ETH has repeatedly bounced from this level, showing that buyers are still active and…

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Should ETH fall below $3,650, analysts warn that a decline to $3,300—an 8% drop—could follow.

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On the downside, $3,359.7 is a key area, where around $290 million in long positions are stacked.

The Currency Analytics

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