Large Ethereum Holders Re-emerge as Exchange-Traded Funds Report Net Accumulation Following an 8-Week Absence
Slammed with Ethereum Gold Rush: Whales Re-Enter the Fray as Market Consolidates
In a surprising twist, Ethereum's heavy hitters are making a comeback. Amid the recent market stability, these influencers are seizing the opportunity to stockpile ETH aggressively.
Cryptic data reveals a substantial upsurge in ETH's whale hoarding patterns, while ETH-based ETFs noted their first weekly net inflow in eight weeks, painting a rosy picture.
Whales Gone Wild: ETH Buying Spree Unleashed
Diving into the on-chain data, ETH, the premier altcoin, has seen a massive hike of 2682% in large holder netflow over the last seven days. These big kahunas, owning more than 0.1% of the circulating supply, are the sea monsters of the crypto world, otherwise known as whales. The large holder netflow metric represents the difference between the coins these investors gobble up and the amount they spit out over a specified time frame.
When whales' netflow surges, they're clearly doubling down on their ETH. This ravenous accumulation indicates faith in ETH's future growth. These behemoths usually invest when they spot value at the current prices.
Adding fuel to the fire, ETH-backed ETFs experienced their first weekly net inflow in eight weeks. According to SosoValue, these funds attracted $157.09 million between April 21 and April 25, ending a streak of outflows totaling over $700 million.
With whales returning to the fray, Ethereum could be on the brink of more bullish action in the near future.
Ethereum: The Bull Race is On
On the technical side, Ethereum is exhibiting signs of revitalized demand. The instrument for measuring buying and selling pressure, the Balance of Power (BoP), currently sits at 0.31. This number suggests that demand pressure outweighs selling pressure, strengthening ETH's price trajectory and hinting at further potential upward momentum. If this plays out, Ethereum could regain its lost glory and trade at $2,027.
However, if the market condition turns sour, Ethereum might lose its recent gains and plummet to $1,385.
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Underneath the swelling crypto waves, whales are maneuvering, capitalizing on market consolidation to stockpile ETH, igniting a potential firestorm.
Whales took advantage of current market stability to amass over $50M worth of Ethereum in just 3 hours on April 29, 2025, pushing ETH from $3,150 to $3,220 (+2.2%) and spiking trading volumes by 35%. Large transactions (>$100k) surged 48%, underscoring institutional confidence in Ethereum's utility developments (e.g., layer-2 scaling)[3]. As on-chain data suggests, accumulation patterns often presage breakouts, with technical analysts eyeing a potential structure break favoring buyers*[1].
The potential upward trajectory is further reinforced by various forecasts, including technical models projecting a rebound toward $4,000 by late 2025 if Ethereum manages to maintain its footing above $3,000[4]. Whale-driven liquidity injections could accelerate this process[3]. However,eur kleine impossibility and prediction risks muddy the waters.
Prediction markets like Polymarket attribute a significant probability to a drop to $1,000, fueled by macroeconomic risks or regulatory complications[2]. Adding to the discordant signals, Ethereum currently hovers near a crucial support level. Failure to hold might lead to a market plunge.*
Technically speaking, immediate resistance lies near $3,250, with a potential breakout pointing toward $3,500. Conversely, a failure to maintain $3,100 might invalidate the bullish structure[1][3]. In the grand scheme of things, whale accumulation and technical rebounds imply upward potential, but market uncertainty and risk factors complicate the outlook[2][4].
- Whales, the sea monsters of the crypto world, have been hoarding Ethereum aggressively, as revealed in on-chain data.
- The large holder netflow metric suggests a surge of 2682% in large holder netflow for ETH over the last seven days.
- ETH-backed ETFs experienced their first weekly net inflow in eight weeks, attracting $157.09 million between April 21 and April 25.
- With whales investing in ETH, a potential bullish action in the near future is anticipated for Ethereum.
- The Balance of Power (BoP) currently suggests that demand pressure outweighs selling pressure for Ethereum, strengthening its price trajectory.
- Technical analysts are eyeing a potential structure break favoring buyers, with some models projecting a rebound toward $4,000 by late 2025.
- However, market uncertainty and risk factors, such as macroeconomic risks or regulatory complications, complicate the outlook for Ethereum.
