Key results:

• Ethereum mega whales increased their shares by 9.31%, which is a stronger accumulation than before the 2022 rally.

• ETH consolidates inside the pennant, with a breakthrough potentially focused on USD 3,400 until August.

The Ethereum wallet with at least 10,000 ether (ETH) increases accumulation faster than before the 95% rally in mid -20122.

Ether whales regain the most supply since 2020

The total ETH in the possession of these “whales” recovered over 41.06 million ETH from Monday with 37.56 million ETH – record level – in October 2024, according to Glassnode data.

This means an boost of 9.31%, almost twice double the accumulation rate observed from May to September 2022, before the ETH price increased from ~ $ 1000 to over USD 1950, which is an boost in 95%.

A similar trend took place between November 2020 and January 2021, when Whale Holdings increased by 4%and ETH increased to USD 1,220 from USD 460.

Enormous owners began to gather for a long time before he caught a wider market in both cases. In recent weeks, the price of ETH has remained relatively flat, which suggests that the current accumulation phase is still under the radar.

This peaceful accumulation can be a precursor of a significant product of pros, which may not yet be priced if past patterns play again.

The continuous boost in the number of whale ether coincides with the growing flows to Ethereum -oriented investment funds, including ETF. Recovery of supply is also the strongest and most tough since the long -term decrease in the record in June 2020.

Bull of the pennant is the target of 30% of ETH price profits

The ether also trades in the proporter pattern textbook on the journal. Configuration usually signals a continuation movement, often solved by breaking towards the previous trend.

Related: Bitmine collects USD 250 million for launching the treasure Ethereum Corporate

Interestingly, both unsuccessful breakdown and unsuccessful failures occurred in the structure, which suggests a forceful consolidation.

The decisive traffic above the upper limit of the pennant can push ETH towards the level of USD 3,400 until August. Some indicators even see that the price will reach USD 5,000 by the end of the year.

According to the strongest accumulation zones, according to the strongest accumulation zones, in recent months, the heat map of the Ethereum cost distribution shows the range on 2500–2536 USD as one of the strongest accumulation zones Glassnode data.

Over 3.45 million ETH has the basis for costs in this area, emphasizing it as a key level of support.

Such a massive concentration of long -term owners of nearly 2,500 USD strengthens the idea that the current phase of etern consolidation is a solid foundation for the next leg.

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.