Anonymous Whale Accumulates 1.34 Billion Dollars in Ethereum in Just 8 Days | Bitcoinist.com

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum is dominating the cryptocurrency market with an extraordinary price increase, recording a rise of over 200% since April and establishing itself as the top-performing asset in the crypto space. This rally has fueled growing optimism among analysts, many of whom predict that all-time highs may soon be within reach for bullish investors. The combination of solid fundamentals, increasing institutional participation, and a favorable regulatory environment has created the perfect scenario for Ethereum's latest surge.

Ethereum whale activity on the rise with a weekly accumulation of $946.6 million – details

One of the most significant developments supporting the rally is the historic drop in Ethereum's supply on exchanges, now at all-time lows. This signals a long-term holding behavior by investors and reduces the amount of ETH readily available for sale, thus increasing the potential for further price increases. Institutional interest has been particularly notable, with large-scale purchases maintaining constant buying pressure in the market.

Some analysts are now warning of a possible "supply shock" — a scenario where rapidly increasing demand clashes with extremely limited supply, potentially further accelerating price gains. With the fundamentals of the Ethereum network strengthening and market sentiment at a high, the coming weeks could prove crucial in determining whether ETH will enter uncharted territories and set new all-time highs in this market cycle.

The Accumulation of Ethereum Whales Fuels Speculations on Institutional Purchases

According to the well-known crypto analyst Ted Pillows, a mysterious wallet has purchased the impressive amount of 1.34 billion dollars in Ethereum in the last eight days, marking one of the largest accumulation sequences in recent months. Pillows, who has closely monitored the transactions of this wallet, suggests that the scale and consistency of these purchases indicate the presence of a significant institutional player or an entity with substantial capital that is betting on ETH in the long term.

SOURCE: XSebbene l’identità dietro il wallet resti sconosciuta, l’attività ha scatenato un’ampia ondata di speculazioni all’interno della comunità crypto. Alcuni osservatori di mercato ritengono che possa trattarsi di operazioni over-the-counter (OTC) progettate per ridurre al minimo l’impatto sul mercato, mentre altri sospettano che possa essere una società di market making che si sta posizionando strategicamente in vista di un movimento importante.

The lack of public disclosure leaves the exact motivations unclear, but the enormous scale of purchases highlights a growing high-level confidence in Ethereum's prospects.

Many see this buying frenzy by the whale as a potential catalyst that could further accelerate the movement, especially with exchange offerings at historical lows and institutional demand growing significantly. The coming days could be decisive for the price trajectory of Ethereum. If the market interprets these significant inflows as the beginning of a sustained institutional accumulation phase, bullish momentum could quickly intensify.

ETH Price Analysis: Testing Resistance Near All-Time Highs of 2021

Ethereum (ETH) is trading at 4,283 dollars, with a weekly gain of 0.73% as it approaches a key resistance area near the all-time highs of 2021.

This rise follows a strong rally that started from the support at 2.852 dollars, which marked the breakout point of the current bullish trend.

SOURCE: TRADING VIEWThe chart shows ETH well above the 50-week SMA (2.768$), the 100-week SMA (2.759$), and the 200-week SMA (2.441$), indicating strong bullish momentum and a solid long-term trend.

The breakout above $3,860 — now immediate support — confirms the strength of the market and could serve as a base for the next upward leg.

However, the 4,300–4,400 dollar zone is historically a crucial turning point. A decisive close above this range could trigger momentum buying, paving the way to uncharted territories and potential new all-time highs. Conversely, a failure to break above could push ETH to retest 3,860 dollars or even return towards 3,200 dollars in the event of intensified selling pressure.

The volume has increased significantly during this rally, signaling strong conviction from buyers. With fundamentals and institutional interest both strengthening, ETH's ability to break through this resistance could determine whether the next phase of the bull run will accelerate in the coming weeks.

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