New Wallets Receive 78,891 Ethereum Worth $358M From FalconX – Whale Activity Surges

Ethereum has faced heightened volatility after setting new all-time highs, with the price retracing to lower levels in recent ￰0￱ sharp swings have tested investor sentiment, but beneath the surface, institutional demand and whale accumulation continue to tell a different ￰1￱ the pullbacks, big players are buying Ethereum aggressively, signaling confidence in its long-term ￰2￱ from Lookonchain confirms this trend, revealing that whales and institutions have been steadily adding ETH to their holdings at a rapid ￰3￱ wave of accumulation stands in sharp contrast to the short-term price fluctuations, suggesting that well-capitalized investors view the current environment as an opportunity rather than a ￰4￱ activity provides a strong foundation for market stability and sets the stage for potential ￰5￱ argue that this institutional participation is only the beginning of a broader ￰6￱ Ethereum cementing its role as the backbone of decentralized finance and institutional-grade infrastructure, many believe its rally is far from ￰7￱ forecasts now point to ETH climbing above $5,000 in the near future, fueled by persistent demand and expanding ￰8￱ investors, Ethereum’s story is increasingly about accumulation and positioning for what may come ￰9￱ Keep Accumulating Ethereum According to Lookonchain, fresh onchain data from Arkham Intelligence highlights a major wave of Ethereum accumulation that underscores the confidence of large ￰10￱ the past 30 hours, four newly created wallets — possibly linked to BitMine — received a total of 78,891 ETH, worth approximately $358.16 million, directly from ￰11￱ inflows mark yet another sign that whales and institutions are positioning aggressively, even as volatility continues to test short-term ￰12￱ buying trend is not new, but its scale and consistency strengthen Ethereum’s bullish ￰13￱ note that persistent institutional demand provides a firm foundation for ETH’s price structure, helping the asset absorb market swings while setting the stage for potential ￰14￱ this type of accumulation underway, many market watchers argue that it is only a matter of time before Ethereum breaks decisively above the $5,000 ￰15￱ a move could carry broader implications beyond Ethereum ￰16￱ years, traders have speculated that a clear breakout in ETH could act as the catalyst for the long-awaited “altseason,” where capital rotates into the wider altcoin ￰17￱ Ethereum already leading the way — surging more than 250% since April — the stage appears set for another cycle-defining ￰18￱ Action Details: Bullish Consolidation Ethereum is trading around $4,600 after bouncing from recent lows near $4,400, showing resilience despite heightened ￰19￱ 4-hour chart highlights a constructive structure, with ETH now holding above the 50-day ($4,533) and 100-day ($4,493) moving ￰20￱ defense suggests that buyers are maintaining control of key levels, keeping the broader uptrend intact even after sharp ￰21￱ price action also shows ETH consolidating just below resistance near $4,800, the level that capped its last rally.

A decisive breakout above this zone would be crucial for momentum, potentially opening the door for a retest of the $5,000 psychological ￰22￱ see this level as the trigger that could spark renewed bullish sentiment and extend Ethereum’s rally into price ￰23￱ ETH loses support at $4,500, the market could see another dip toward $4,300, where the last strong demand ￰24￱ that, the 200-day moving average at $4,146 serves as the ultimate safeguard for the current trend. Ethereum’s consolidation reflects balance: bulls are defending higher lows, while resistance at $4,800 remains the key ceiling to ￰25￱ next move above or below these levels will likely define ETH’s short-term ￰26￱ image from Dall-E, chart from TradingView