Ethereum Whale Accumulation Soars
Recent on-chain data reveals a significant surge in Ethereum (ETH) accumulation by whale investors. Major ETH transfers between exchanges and private wallets have been observed in the past 24 hours, placing the price at a crucial point. Will ETH hit $2,000 or surge towards $4,000?
Whale Accumulation Reaches New Highs
This heightened whale activity suggests strategic positioning by large ETH holders. Analyst Gordon highlighted this trend, stating, "Whales are accumulating $ETH like never before" in a recent tweet.
Whales are accumulating $ETH like never before 👀 pic.twitter.com/dr6aKkKkkr
— Gordon (@AltcoinGordon) May 12, 2025
Data from CryptoQuant shows accumulation addresses reaching historic inflow levels. A dramatic spike surpasses all previous inflow events since 2017.
Whale Alert, a leading blockchain tracking firm, reported several significant transactions. One notable transfer involved 76,800 ETH ($195,308,712) from Binance to Binance Beacon Deposit, potentially for staking.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 76,800 #ETH (195,308,712 USD) transferred from #Binance to Binance Beacon Deposit https://t.co/GQH1bMSztZ
— Whale Alert (@whale_alert) May 12, 2025
Other large transfers included 40,930 ETH ($104,655,422) to Ceffu, and 32,496 ETH ($82,956,333) from Binance to an undisclosed wallet. These three transactions alone represent over 150,000 ETH, valued at more than $380 million. This follows recent reports of whales accumulating 123,000 ETH.
This accumulation correlates with strong ETH price performance. ETH has seen a 38.6% increase over the past week and a remarkable 50.6% rise over the past month.
Ethereum Price Prediction: $2000 or $4000?
ETH's weekly trading range has been between $1,763.97 and $2,582.98. Market analysis suggests a potential rise to $3,000 as over 66 million ETH become profitable.
The current price sits at a crucial juncture. Maintaining above the bull market band (insert chart here) could propel ETH to $3,000+. However, a breakdown below this band might lead to a retest of the $2,000 zone, potentially even dropping to $1,500.
- Bullish Scenario: ETH consolidates above support and breaks out towards $3,500+.
- Neutral Scenario: ETH trades sideways between $2,300 and $2,600.
- Bearish Scenario: ETH falls below support, potentially targeting prices below $2,000.
While smart money typically accumulates during bear markets, the current data points towards continued bullish sentiment among whales.
Disclaimer: This analysis reflects the author's opinion and is subject to market fluctuations. Conduct thorough research before investing in cryptocurrencies. Codeum is not liable for personal financial losses.