🐋 Ethereum Whales Gobble Up $4.1B in ETH—What Do They Know?
After a brief dip, Ethereum is recovering. After reaching $3,860, ETH fell below $3,500, a significant mark that sparked buying activity. Ethereum is trying to recapture $3,700, suggesting bullish momentum is returning.
On-chain statistics indicate sustained gains despite recent turbulence. During the downturn, whales have actively accumulated ETH, according to Santiment. This accumulation spike shows institutional players are setting themselves for the next rally leg, expecting strength in the coming months. Past strategic inflows preceded persistent increasing trends.
Ethereum's bullish structure is shown by its endurance around $3,500 and quick rebound.
Major investors are aggressively accumulating Ethereum. Over the previous two weeks, whales have bought 1.13 million ETH worth $4.18 billion, according to analyst Ali Martinez. This purchasing spree is one of the biggest accumulation stages in recent months and reflects institutional confidence.
For Ethereum, which has been stabilizing at $3,700 following a short fall from $3,860, the accumulation is crucial. Whale activity fuels Ethereum's price rebound and reinforces its bullish structure moving into the second half of the year.
This changing legislative environment eliminates a major impediment to institutional Ethereum and DeFi adoption.
ETH Holds After Pullback
Ethereum (ETH) just corrected from its $3,860 local peak and is now stronger. The 4-hour chart shows ETH dropping near $3,500 then rebounding to $3,700 and closing in on significant resistance around $3,776 and $3,860. Buyer interest and upswing resilience are shown by this comeback.
The price is above all bullishly stacked 50, 100, and 200 moving averages. The 50-SMA at $3,648 has given dynamic support in recent sessions, but the 100- and 200-SMAs at $3,304 and $2,883, respectively, remain considerably below current price action, highlighting this upward rise.
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