Ethereum Whale Demand Surges On Binance As Price Nears $5,000

Ethereum has once again taken center stage in the crypto market after surging to a new all-time high above the $4,900 level on ￰0￱ rally, which pushed ETH into uncharted territory, highlighted the strength of bulls after weeks of steady institutional accumulation and market momentum. However, the price did not hold these highs for ￰1￱ has since retraced, dropping back to the $4,600 region, where bulls are now attempting to establish support before the next move ￰2￱ Reading: Ethereum Faces High-Risk Setup: Leverage-Driven Rallies Signal Volatility This pullback has sparked debate among ￰3￱ view the retracement as a sign of a potential local top, cautioning that ETH may require a period of consolidation before another breakout attempt.

Others, however, remain firmly bullish, pointing to strong fundamentals and growing institutional interest as signals that Ethereum’s rally is far from ￰4￱ weight to the bullish case, key on-chain data reveals that Binance whales continue to position themselves heavily in ￰5￱ spot and futures orders attributed to these players have been flowing consistently, particularly after ETH confirmed its positive ￰6￱ steady accumulation suggests confidence in Ethereum’s long-term trajectory, even as short-term volatility continues to shape the market’s ￰7￱ Whales Accumulate Ethereum According to top analyst Darkfost, Ethereum’s Average Order Size on Binance chart provides clear insight into the behavior of different cohorts, distinguishing between retail investors and ￰8￱ July, a significant shift has taken place: whale activity on Binance has ￰9￱ reflects a growing trend of large-scale accumulation, with whale-sized spot and futures orders continuing to flow into the market as ETH edges closer to the $5,000 ￰10￱ makes this trend particularly noteworthy is the timing of whale ￰11￱ retail investors, who often try to buy early and ride potential upside, whales tend to prefer entering once a bullish trend has been ￰12￱ highlights that this pattern is evident now, as whale orders began accelerating only after Ethereum reversed its earlier downtrend and regained strong bullish ￰13￱ validates the idea that large players seek reduced risk and clearer confirmation before allocating capital at ￰14￱ both retail and institutional participants aligning, the coming weeks could be decisive in determining whether ETH firmly breaks into new price ￰15￱ whales continue to buy at this pace, Ethereum’s rally could extend far beyond its 2021 ￰16￱ Reading: Ethereum Upper Realized Band Signals Market Heat: Profit-Taking Zone Ahead?

Testing Critical Support Level Ethereum (ETH) is currently trading around $4,598 after a sharp retracement from its new all-time high near $4,900. On the 4-hour chart, the structure shows that ETH is still maintaining a bullish trend, although momentum has cooled after last week’s explosive ￰17￱ 50 SMA ($4,455) and 100 SMA ($4,435) are now converging just below current price levels, acting as immediate dynamic ￰18￱ cluster strengthens the bullish outlook as long as ETH can remain above it. A deeper drop toward the 200 SMA ($4,068) would signal a broader correction phase and potentially extend the consolidation before another push ￰19￱ Reading: Ethereum Open Interest Jumps 10% As $3.18B In New Positions Flood In The recent pullback shows that sellers are active near the $4,900–$5,000 region, which now forms a critical resistance.

A breakout above this level would open the path to uncharted territory and likely accelerate momentum, with targets potentially stretching toward $5,200 and ￰20￱ the downside, failure to hold the $4,450–$4,400 support area could shift sentiment bearish in the short term, with traders eyeing $4,200 as the next key demand ￰21￱ image from Dall-E, chart from TradingView