Ethereum has entered a volatile phase after breaking its 2021 all-time highs last week, sparking both excitement and caution across the 0 the surge, ETH retraced and tested critical demand levels, where buyers stepped in to defend 1 are showing resilience, with analysts pointing to the possibility of Ethereum rallying past $5,000 in the near term. Still, the risks of a deeper correction weigh heavily, fueling uncertainty among traders and 2 is beginning to creep into sentiment, as some wonder if Ethereum’s rally is sustainable or if another pullback is on the 3 in this environment, one undeniable trend stands out: whales are 4 Intelligence revealed that nine whale addresses collectively purchased around $450 million worth of Ethereum yesterday alone, signaling confidence from the largest market 5 wave of accumulation highlights how deep-pocketed investors are taking advantage of retracements, potentially preparing for the next leg 6 Whales Signal Confidence According to Arkham Intelligence, Ethereum whales are making decisive moves that could shape the next phase of the 7 shows that nine massive addresses collectively purchased $456.8 million worth of ETH in a single 8 of these, five wallets received inflows directly from Bitgo, a leading institutional custodian, while the other four acquired their positions through Galaxy Digital’s over-the-counter (OTC) 9 transactions reflect not only individual whale confidence but also the growing role of institutional-grade platforms in facilitating large-scale Ethereum 10 surge in whale activity highlights a critical market dynamic: deep-pocketed investors are positioning themselves for what could be the next leg higher in Ethereum’s price cycle.
Historically, whale accumulation during periods of volatility has preceded significant upward momentum, providing a strong foundation for bullish 11 ETH already testing crucial demand zones after its breakout above 2021 all-time highs, these inflows may help stabilize price action and build momentum toward uncharted 12 whales, public companies are also entering the 13 like Bitmine and Sharplink Gaming have recently disclosed Ethereum positions, further validating ETH’s role as an institutional-grade 14 involvement echoes what Bitcoin experienced in its early corporate adoption phase—when public companies added BTC to their balance sheets, fueling strong market 15 together, the combination of whale accumulation, institutional OTC purchases, and public company adoption paints a clear picture: confidence in Ethereum’s long-term trajectory is 16 short-term risks remain, these trends reinforce a bullish case for ETH to move toward price discovery and potentially surpass $5,000.
The market is watching closely, but whales and institutions appear to be leading the 17 Holds Ground as Bulls Eye $5,000 Ethereum is trading around $4,592 after rebounding from a sharp retrace off local highs near $4,850. The 4-hour chart shows ETH regaining strength above the 50-day and 100-day moving averages, signaling that buyers are stepping back in to defend key 18 move restores confidence in the short-term uptrend, even as volatility keeps traders on 19 broader picture remains 20 the 200-day moving average sitting at $4,119, Ethereum has a comfortable cushion that highlights its resilience despite recent 21 above the faster averages not only stabilizes momentum but also sets the stage for another attempt at 22 critical barrier ahead lies at $4,800, where sellers previously capped the rally.
A decisive break could clear the path toward $5,000, a milestone that analysts believe would fuel fresh enthusiasm and potentially kickstart a new leg of price discovery. Still, risks of another pullback linger. A drop below $4,400 could send ETH back toward the $4,200 demand zone, where prior buying pressure 23 now, though, sentiment leans cautiously 24 continue to accumulate, technicals remain constructive, and Ethereum appears poised to test higher levels if momentum carries 25 image from Dall-E, chart from TradingView
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