Ethereum Whales Accumulate Over 330.000 ETH Amid Market Uncertainty
- Large investors accumulate over 330.000 ETH
- Activity on the Ethereum network continues to grow
- Transaction volume still below previous cycles
Ethereum has been attracting the attention of large investors, who have significantly increased their holdings of the cryptocurrency in recent weeks. On-chain data indicates that approximately 330.000 ETH has been accumulated recently by high-value wallets, totaling over $1 billion in purchases. This movement suggests that institutional investors remain optimistic about the asset’s future, even in the face of market volatility.
Whales bought over 100,000 #Ethereum $ ETH during the recent price dip! pic.twitter.com/q2iHx2aIO8
— Ali (@ali_charts) January 30, 2025
Historically, periods of intense whale accumulation have preceded major price gains in Ethereum. A similar pattern was observed in April of last year, and in the following months, ETH saw its market value increase by over 60%. This behavior raises speculation that the asset could recover in the coming months, should market conditions favor a new bull cycle.
ETH is currently trading at around $3.388, with intraday ranges ranging from $3.215 to $3.427. The closest resistance is in the $3.500 range, and if this level is overcome, Ethereum could seek higher targets, with projections indicating prices close to $5.000. However, if it fails to hold the current support, there is a risk of a further pullback that could take the price to lower levels.
Another factor that reinforces optimism in the Ethereum ecosystem is the increase in network activity. The number of daily active wallets recently reached 180.000, reflecting the growth in blockchain usage. This increase in activity can be interpreted as a positive sign for Ethereum adoption, indicating a possible influx of capital into the market.
Despite the strong accumulation by whales and the growth in activity on the network, some data points to a reduction in transaction volume. The Ethereum market has seen a significant drop in this indicator compared to previous years. In January 2021, the daily transaction volume was around US$52 billion, while it is currently around US$8 billion, representing a drop of more than 80%. This suggests that, despite the optimism of large investors, retail interest has not yet followed this movement at the same pace.
At the time of publication, the price of Ethereum was quoted at US$3.383,65, up 3.6% in the last 24 hours.
Even in this mixed scenario, institutional investor confidence has been a relevant factor in sustaining the price of ETH. The recent accumulation may indicate that these market participants see the current moment as a strategic entry opportunity, betting on a possible appreciation cycle for the coming months. The behavior of whales continues to be an essential barometer for understanding the direction of the Ethereum market, and many analysts closely monitor their movements to anticipate future developments.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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