Ethereum may be ready to run – Whales and traders align

Key Takeaways

How have whales influenced Ethereum’s latest move?

Whales injected over $72M into ETH, reinforcing confidence as prices held above $4,460 and trendline support.

What metrics define Ethereum’s next major breakout?

A break above $4,770 could confirm continuation, backed by a rising Stock-to-Flow ratio and bullish trader positioning.

Ethereum [ETH] whales have intensified their accumulation pace, with on-chain data showing over $72 million in combined inflows across trading platforms. 

A whale deposited $33 million in USD Coin [USDC] on Hyperliquid [HYPE] to purchase 7,311 ETH, while another withdrew 8,695 ETH worth $39.5 million from Binance. 

These transactions underscore strong institutional conviction and continued confidence in Ethereum’s resilience above key technical zones. 

Moreover, this aggressive accumulation amid market stability reveals a strategic buildup ahead of potential upward continuation.

It reinforces the growing narrative of long-term investor dominance across the Ethereum market landscape.

Bulls protect the $4,460 support zone

Ethereum’s daily chart reflected a solid uptrend, supported by the ascending trendline connecting higher lows from early July.

The price has remained comfortably above the $4,460 support level, while targeting the next key resistance around $4,770. 

This pattern shows bullish control, with each dip attracting strong demand near the trendline.

Meanwhile, the DMI indicator confirmed this momentum — +DI at 27.86 dominated -DI at 20.51, and the ADX hovering around 20 suggested that the trend was gaining strength. 

Therefore, sustained closes above $4,460 could propel Ethereum toward a new breakout phase above $4,770.

Source: TradingView

Tightening Ethereum supply dynamics

Ethereum’s Stock-to-Flow ratio has surged to 47.16, highlighting a sharp contraction in available supply relative to issuance. 

This rise signals that fewer coins are circulating while demand continues to climb, often preceding mid-term price expansions. 

The ongoing deflationary effect since the Merge has reinforced Ethereum’s scarcity narrative, enhancing its appeal among institutional holders. 

This increase in the Stock-to-Flow metric aligns with heightened accumulation from large wallets, suggesting that supply compression may further amplify Ethereum’s upside potential as the broader market stabilizes.

Source: Santiment

Traders align with Ethereum’s bullish momentum

60.52% of traders held long positions compared to 39.48% shorts at press time, pushing the Long/Short Ratio to 1.53. This bullish tilt indicates that market participants are positioning for further upside. 

It also reflects growing confidence in Ethereum’s ability to sustain strength above the $4,460 support and potentially challenge $4,770 resistance. However, short-term corrections remain possible if leverage rises excessively. 

Still, this alignment between retail traders and whale behavior adds confluence to Ethereum’s ongoing rally, showing sentiment and price structure moving in the same direction.

Source: CoinGlass

Could whale conviction fuel Ethereum’s next major rally?

Ethereum’s price action, supported by whale inflows, rising Stock-to-Flow ratio, and bullish derivatives data, suggests momentum remains intact. 

The defense of $4,460 as a key structural level highlights buyers’ dominance, while the next test at $4,770 could confirm a renewed breakout phase.

These overlapping metrics demonstrate a synchronized buildup of on-chain and market confidence. 

If whale activity continues reinforcing liquidity and demand, Ethereum may be gearing up for a sustained advance — potentially marking the beginning of its next macro expansion cycle.