Ethereum Whale is growing by over 10,000 ETH since February 1 – a accumulation signal?

Published on:

Ethereum has been fighting below USD 2800 since the last Thursday, leaving Bulls in trouble, because the price is still trading at key levels of supply. This bear price campaign shook the investor’s trust, especially among those who expected 2025 to be stubborn for Ethereum. Huge pressure on sale last week further enhanced concerns, and Eth fought to regain lost land.

Current market moods towards ETH reflect the growing uncertainty, because the second largest cryptocurrency shows no signs of sturdy revival. Investors are afraid that the disappointing efficiency of ETH may persist, especially since it lasts behind Bitcoin and other Altcoins that have shown relative strength in recent weeks. Many now replace whether Ethereum can regain a stubborn momentum, from which he was known in previous cycles.

Despite these challenges, there are lightning optimism. The key indicators on the chain made available by the cryptographic analyst Ali Martinez reveal an engaging trend: the number of Ethereum whales from over 10,000 ETH increased by 2.30% from February 1.

This suggests that immense owners accumulate Ethereum during this phase of consolidation, potentially signaling trust in its long -term prospects. Whether this accumulation translates into prices recovery, but adds a layer of intrigue to the current dynamics of the Ethereum market.

Ethereum accumulation takes place

After a dramatic sale last week, in which Ethereum fell from USD 3150 to USD 2150 in less than two days, the price tried to recover key levels of supply. While ETH managed to recover strongly from the minima, pushing back to the 2,200 USD mark, still has significant resistance and remains in the bear. Bulls are under pressure, and the level of 3000 USD appeared as a critical threshold to regain control and move the narrative towards stubborn recovery.

Despite challenging price activities, there are signs of optimism for Ethereum long -term perspectives. Key indicators Divided by the best analyst of Ali Martinez, reveals that the number of Ethereum whales – pins with over 10,000 ETH – increased by 2.30% from February 1.

Ethereum Mega-Whale Count address | Source: Ali Martinez on x

This growing accumulation suggests that immense -scale investors remain confident of the potential of Ethereum, even when the wider market struggles with volatility and uncertainty. Historically, the accumulation of whales in bear phases is often preceded by sturdy rallies, because these players predict future price increases.

This trend is a ray of hope to Ethereum investors who still believe in a stubborn year. If ETH can recover a 3000 USD mark and keep it as support, recovering higher supply levels can cause a wider rally. For now, however, the coming days will be crucial when Ethereum consoles and bulls are trying to regain control. With the growing certainty of whale’s activity, the question remains: can Ethereum overcome the current struggle and prepare the scene of another upward growth?

ETH Price: Key levels to recover

Ethereum (ETH) is trading in $ 2680 because it tries to recover the 2,200 USD mark and exceed the key levels of supply. The bulls are under pressure to regain control after weeks of a bear. Recovering levels of 2800 USD and USD 3000 is crucial for Ethereum to reverse the diary he has experienced since the end of December. Breaking these levels would signal the shift of the shoot, giving bulls a chance to regain strength.

Testing ETH prices Key supply Source: Ethusdt Chart on TradingView
Testing ETH prices Key supply Source: Ethusdt chart on TradingView

The 3000 USD brand is particularly significant because it is in line with the 200-day movable average, which is a critical indicator of long-term trend force. Historically, breaking and holding above this movable average caused stubborn rally, and a similar move can now quickly send ETH to higher price levels. Push above 3000 USD would probably attract increased interest in investors, establishing the ground for constant revival.

On the other hand, the loss of support in the amount of $ 2,600 would expose Ethereum at the risk of further decline. Such a move can take ETH to lower demand zones, potentially visiting the levels that were recently observed during the dramatic sale at the beginning of this month. For now, the 2700 $ mark remains a direct battlefield when bulls and bears are fighting for low -term dominance on an uncertain market.

Recommended photo from Dall-E, Tradingview chart

Related

Leave a Reply

Please enter your comment!
Please enter your name here