- Ethereum whale accumulation hits historic highs as price consolidates near long-term support, signaling bullish investor confidence.
- ETH tests a key demand zone around $1,828 with whales buying heavily during dips, suggesting a possible trend reversal ahead.
- Despite recent volatility, Ethereum shows resilience with strong accumulation patterns and technical signals aligning for a breakout.
Ethereum (ETH) is seeing whale accumulation increase amid market conditions reset after a rollercoaster start to 2025. A long-time ICO investor recently dumped 1,500 ETH valued at $1.76 million. The sell-off came on the heels of weeks of constant selling, aggregating 16,500 ETH dumped at an average price of $1,779. Yet, the wallet still contains 13,500 ETH, valued at $24.82 million at present. Other large holders are meanwhile piling in aggressively.
Unprecedented Whale Inflows Mark a New Cycle
CryptoQuant’s data reveals an historic rise in inflows to Ethereum accumulation addresses. These inflows, especially from late 2024 to early 2025, have eclipsed all previous records. The accumulation pattern now far exceeds those of earlier cycles in 2017, 2021, and even 2023.
Source: CryptoGoos
Moreover, inflows typically spike during consolidation, not during peak rallies. This suggests strategic buying at discounted prices. Hence, accumulation likely signals strong bullish sentiment among long-term investors. The largest inflows coincide with sideways price action, supporting this thesis.
Besides, the purple vertical bars show a dramatic uptick in frequency and size. The most recent data, highlighted in red, confirms record-level whale activity. Consequently, this trend marks a shift in market behavior.
ETH Reclaims Key Demand Zone After Correction
On the technical front, ETH price action reflects a pivotal moment. After topping near $4,000 in late 2024, ETH entered a downtrend. The price now trades around $1,828, testing a long-term demand zone formed during 2022-2023.
Source: CryptoBusy
This area has served as a strong support level multiple times. Green boxes on the chart confirm repeated whale accumulation here. Additionally, ETH currently forms a descending triangle pattern, hinting at a potential breakout.
A firm resistance line, drawn from early 2024 highs, still keeps upward pressure in check. However, relentless accumulation and firm support base may soon bring about a bullish turn. Also, ETH has already gained 1.09% in the last 24 hours, which points towards renewed buying interest. The weekly configuration is still intact in spite of recent volatility.
