Ethereum Whale Accumulation After 820,000 ETH Purchases Could Signal Move Toward $5,766

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  • Whales bought 820,000 ETH in 72 hours, boosting holdings and supporting current price momentum.

  • Technical signals (bullish pennant, support retests) point to further upside if $4,955 is reclaimed.

  • Fibonacci targets: near-term $5,766 (50% retrace), mid-term $6,658 (61.8%), long-term $9,547 (100%).

Ethereum price surge driven by whale accumulation and bullish breakouts; monitor $4,955 and $5,766 levels for trade signals — read full analysis and next steps.

Ethereum gains strength as whales buy 820,000 ETH and bullish breakouts signal potential price growth toward $5,766.

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  • Ethereum sees strong momentum as whales snap up 820,000 ETH, supporting its $4,592 price and pushing toward $5,766 targets.
  • Whale holdings rose from 26.17M to 30.03M ETH, showing steady institutional support and confidence in ETH’s ongoing bullish trend.
  • ETH’s successful support retests and bullish pennant breakout suggest it could continue climbing toward higher Fibonacci levels.

Ethereum price is demonstrating renewed strength as large investors accumulated 820,000 ETH (about $3.80 billion) in the past 72 hours, according to crypto analyst Ali on X. This surge aligns with ongoing institutional buying and recent technical breakouts, helping ETH trade around $4,592 and maintain bullish momentum.

What is driving Ethereum’s recent price momentum?

Ethereum price momentum is driven by concentrated whale accumulation and technical breakouts. Whales increased holdings from 26.17 million to roughly 30.03 million ETH, while chart patterns (bullish pennant and support retests) and volume spikes reinforce the case for further upside toward key Fibonacci targets.

The accumulation is visible alongside steady price appreciation since June 2025. Market participants note that when whale buying coincides with confirmed technical breakouts, the probability of sustained moves upward increases.

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Source: Ali

How significant is whale accumulation for ETH price stability?

Whale accumulation provides liquidity support and can reduce downside volatility when concentrated buying coincides with support retests. In this case, large investors increased holdings from about 26.17M to over 30.03M ETH, signaling renewed institutional confidence that underpins current price levels near $4,592.

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When whales buy during consolidation, they often create a price floor that helps validate breakouts. Traders watching on-chain metrics typically see this as a bullish signal if distribution remains limited and supply is withheld from exchanges.

Analyst Donald Dean on X highlighted a bullish pennant and confirmed retest areas near $4,400. ETH must clear $4,955 to open the path to the $5,766 target, which aligns with a 50% retracement on related ratio charts. Volume patterns show spikes that corroborate breakout strength.

Fibonacci levels provide measurable targets: near-term $5,766 (50% retrace), intermediate $6,658 (61.8%), and an extended objective at $9,547. Traders should watch moving average support and volume confirmation for sustainable advances.

Whales accumulated approximately 820,000 ETH in the last 72 hours, increasing total whale holdings from about 26.17 million to roughly 30.03 million ETH, according to on-chain tracking cited by analysts.


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Source: https://en.coinotag.com/ethereum-whale-accumulation-after-820000-eth-purchases-could-signal-move-toward-5766/