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Anonymous Whale Scoops Up $1.34B In Ethereum In Just 8 Days – Details

Anonymous Whale Scoops Up $1.34B In Ethereum In Just 8 Days – Details

Sebastian Villafuerte
by Sebastian Villafuerte
3 weeks ago
·
Posted in Ethereum
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ethereum is dominating the cryptocurrency market with extraordinary price strength, surging over 200% since April and positioning itself as the top-performing major asset in the space. The rally has fueled growing optimism among analysts, with many projecting that all-time highs could soon be within reach for bullish investors. The combination of robust fundamentals, increasing institutional participation, and a favorable legal environment has created a perfect backdrop for Ethereum’s latest surge.

Related Reading: Ethereum Whale Activity Surges With $946.6M Weekly Accumulation – Details

One of the most striking developments supporting the rally is the historic drop in Ethereum’s supply on exchanges, now at its lowest levels ever. This signals strong long-term holding behavior among investors and reduces the amount of ETH readily available for sale, amplifying the potential for upward price moves. Institutional interest has been particularly notable, with large-scale purchases adding sustained buying pressure to the market.

Some analysts are now warning of a possible “supply shock” — a scenario where rapidly increasing demand meets extremely limited supply, potentially accelerating price gains even further. With Ethereum’s network fundamentals strengthening and sentiment reaching new highs, the coming weeks could prove decisive in determining whether ETH pushes into uncharted territory and sets fresh all-time highs in this market cycle.

Ethereum Whale Accumulation Fuels Speculation Of Institutional Buying

According to top crypto analyst Ted Pillows, a mysterious wallet has purchased an astounding $1.34 billion worth of Ethereum over the past eight days, marking one of the largest single accumulation streaks in recent months. Pillows, who has been closely tracking the wallet’s transactions, suggests the scale and consistency of these buys point toward a major institutional player or a highly capitalized entity making a long-term bet on ETH.

Mysterious wallet accumulating Ethereum | Source: Ted Pillows
Mysterious wallet accumulating Ethereum | Source: Ted Pillows

While the identity behind the wallet remains unknown, the activity has sparked widespread speculation across the crypto community. Some market watchers believe it could be the result of over-the-counter (OTC) deals designed to minimize market impact, while others suspect it may be a market maker firm strategically positioning ahead of a major move. The lack of public disclosure leaves the exact motive unclear, but the sheer size of the purchases underscores growing high-level confidence in Ethereum’s outlook.

Many see the whale’s buying spree as a potential catalyst that could accelerate this move, especially with exchange supply at historic lows and institutional demand surging. The coming days could prove pivotal for Ethereum’s price trajectory. If the market interprets these massive inflows as the start of a sustained institutional accumulation phase, bullish momentum could intensify rapidly.

Related Reading: Vitalik Buterin Regains Billionaire Status As Ethereum Hits Multi-Year Highs

ETH Price Analysis: Testing Resistance Near 2021 ATH

Ethereum (ETH) is trading at $4,283, posting a 0.73% gain on the weekly chart as it approaches a major resistance area near its 2021 all-time highs. This surge follows a sharp rally from the $2,852 support level, which marked the breakout point for the current uptrend.

ETH approaching all-time highs | Source: ETHUSDT chart on TradingView
ETH approaching all-time highs | Source: ETHUSDT chart on TradingView

The chart shows ETH trading well above its 50-week SMA ($2,768), 100-week SMA ($2,759), and 200-week SMA ($2,441), reflecting strong bullish momentum and a firmly established long-term uptrend. The breakout above $3,860 — now acting as immediate support — confirms market strength and could serve as a base for the next leg higher.

However, the $4,300–$4,400 zone has historically been a critical inflection point. A decisive close above this range would likely trigger momentum buying, opening the path toward uncharted territory and potential new all-time highs. Conversely, failure to break through could see ETH retest $3,860 or even fall back toward $3,200 if selling pressure intensifies.

Related Reading: Bo Hines Exits Top Crypto Post – Who Will Take Over Next?

Volume has picked up notably during this rally, signaling strong conviction among buyers. With fundamentals and institutional interest both strengthening, ETH’s ability to overcome this resistance could determine whether the next phase of the bull run accelerates in the coming weeks.

Featured image from Dall-E, chart from TradingView

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Sebastian Villafuerte

Sebastian Villafuerte

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Sebastian's journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies. As his knowledge grew, Sebastian felt compelled to share his insights with others. He began actively contributing to online discussions on platforms like X and LinkedIn, focusing on fintech and crypto-related content. His goal was to expose valuable trends and insights to a wider audience, fostering a deeper understanding of the rapidly evolving crypto landscape. Sebastian's contributions quickly gained recognition, and he became a trusted voice in the online crypto community. To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology. Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K forms, or engaging in thought-provoking discussions about the future of finance. Sebastian's journey as a crypto analyst and investor has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable asset to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and contributing to the growth of this revolutionary technology.

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