Ethereum’s recent rally appears to be gaining momentum as on-chain data reveals a massive wave of whale accumulation.
Over the past week, large holders have reportedly added around 800,000 ETH, signaling renewed confidence in the asset’s long-term trajectory.
According to market analyst Ali, wallets holding between 10,000 and 100,000 ETH have been the main drivers of this accumulation phase. The buying spree coincides with Ethereum’s price advancing more than 12% over the past seven days, currently trading at $4,515 with a total market capitalization of $545 billion, according to CoinMarketCap.
Market Momentum Strengthens
Ethereum’s upward trajectory follows a period of steady recovery across the broader crypto market. Technical charts show ETH approaching resistance near the $4,600 level – a zone that, if broken, could pave the way toward retesting the all-time high set in late 2021.
The Relative Strength Index (RSI) on the daily chart remains moderate at 57, suggesting there’s still room for further upside before the asset becomes overbought. Historically, whale accumulation during similar RSI conditions has preceded major rallies, adding to the bullish sentiment.
Institutional Confidence Returns
The accumulation trend among large wallets suggests that institutional and high-net-worth investors are positioning ahead of potential catalysts, such as scaling upgrades and renewed DeFi activity. Ethereum’s growing role in tokenized assets, staking, and the NFT ecosystem continues to attract long-term holders looking for exposure beyond Bitcoin.
With volatility likely to remain high, analysts are watching whether ETH can hold above $4,500 – a level that could serve as a springboard for a new upward phase if sustained.
For now, all eyes are on the whales, whose latest buying spree appears to be reinforcing Ethereum’s momentum heading into the final quarter of 2025.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/market/ethereum-whales-scoop-up-800000-eth-as-price-trades-near-4600/