Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»TRADING NEWS»Could Crypto Whale Accumulation Cause Ethereum to Surge 22%?
TRADING NEWS

Could Crypto Whale Accumulation Cause Ethereum to Surge 22%?

By Crypto FlexsApril 11, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Could Crypto Whale Accumulation Cause Ethereum to Surge 22%?
Share
Facebook Twitter LinkedIn Pinterest Email

Recently, cryptocurrency whales have been aggressively accumulating Ethereum (ETH) despite uncertainty about ETF approval. On-chain analytics platforms Lookonchain and Spot On Chain have highlighted significant Ethereum acquisitions by prominent wallets..

This reflects the optimistic mood of major investors.

Will Ethereum price surge by 22%?

Look on chain reported In a significant transaction, cryptocurrency whale wallet 0xACc withdrew 22,251 Ethereum worth approximately $80 million from a centralized exchange. The wallet withdrew 33,925 ETH over three days, totaling $122 million.

At the same time, Spot On Chain revealed another whale wallet, 0x435, which withdrew 3,092 ETH worth $11.13 million from Binance. Over the past three days, whales have withdrawn 24,044 ETH worth a total of $83.7 million.

Read more: Ethereum (ETH) price prediction for 2024/2025/2030

“The whale’s current ETH holdings are $86.62 million, with unrealized profits amounting to $2.93 million (+3.51%). In addition to ETH, Whale holds approximately $106 million in stablecoins of USDC and USDT, of which $97 million is being loaned to Aave,” Spot On Chain detailed.

The actions of the two cryptocurrency whales resulted in the withdrawal of approximately $205 million worth of Ethereum in just a few days.

Ethereum price is navigating a delicate phase characterized by a double bottom chart pattern. This pattern is often considered bullish and indicates a possible reversal of the recent decline.

The significant neckline for this pattern costs $3,678. If Ethereum breaks this level, analysis shows it has the potential to rise by about 22% to the $4,400 level. However, ETH may face resistance near the $4,100 level, where it hit local highs in March.

Ethereum (ETH) price performance. Source: TradingView

Amid these market movements, the May 23 application deadline for VanEck’s spot Ethereum ETF is fast approaching. VanEck CEO Jan van Eck expressed skepticism about the likelihood of the SEC approving such an ETF. He suggested approval was unlikely given past trends.

“The way the legal process works is the regulators will comment on your application. This has been happening for weeks, even before the Bitcoin ETF came into existence. Currently, as far as Ethereum is concerned, the pin is dropping. “There is,” van Eck explained.

Despite these regulatory hurdles, crypto whales’ aggressive accumulation of Ethereum signals strong belief in the asset’s value. This is especially noteworthy as the SEC’s decision on the Ethereum ETF remains a pivotal factor that could impact the cryptocurrency’s price trajectory.

Read more: How to Invest in Ethereum ETF

As the ETF approval deadline approaches, the market is buzzing with anticipation. Analysts such as James Seyffart and Eric Balchunas say the likelihood of ETF approval is decreasing, a sentiment that could have a major impact on Ethereum’s market value.

disclaimer

In accordance with Trust Project guidelines, this price analysis article is provided for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate and unbiased reporting, but market conditions may change without notice. Always do your own research and consult with a professional before making any financial decisions. Our Terms of Use, Privacy Policy and Disclaimer have been updated.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

BNB chain overtakes polygons with NFT sales on the 7th.

August 25, 2025

SANTIMENT says that Fed Rate Talk Signals Signals problems arise.

August 24, 2025

A new era of encryption? A Doj official says that a developer with a good intention is not a goal.

August 22, 2025
Add A Comment

Comments are closed.

Recent Posts

What happened in Crypto today

August 26, 2025

BitMine Immersion (BMNR) Reigns as the #1 ETH Treasury in the World, 2nd Largest Crypto Treasury Globally and the 20th Most Liquid US Stock, Trading $2.8 Billion per Day on Average

August 25, 2025

Gamdom Launches Next-Level Sportsbook Experience

August 25, 2025

NE-YO Partners With Neura To Transform Entertainment With Emotional AI

August 25, 2025

Mine BTC Daily With Okalio Mining, Allowing You To Earn Steady Profits Without Investing In Equipment!

August 25, 2025

HKGAI And FLock.io Partner To Advance Decentralised AI For Government Efficiency

August 25, 2025

BNB chain overtakes polygons with NFT sales on the 7th.

August 25, 2025

Distributed financial introduction

August 24, 2025

SANTIMENT says that Fed Rate Talk Signals Signals problems arise.

August 24, 2025

Ethereum Breaks $4,750 Support As Pepeto Crosses $6,287,248 In Presale Funding

August 23, 2025

Builders, Investors, And Developers Meet Again To Shape The Web Space

August 23, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

What happened in Crypto today

August 26, 2025

BitMine Immersion (BMNR) Reigns as the #1 ETH Treasury in the World, 2nd Largest Crypto Treasury Globally and the 20th Most Liquid US Stock, Trading $2.8 Billion per Day on Average

August 25, 2025

Gamdom Launches Next-Level Sportsbook Experience

August 25, 2025
Most Popular

Madeira seeks to revitalize economy with startups and innovative payment system

December 2, 2023

KuCoin Ventures partners with TON through $20,000 grant

December 2, 2023

Why Scottie Pippen’s Ethereum Venture Has Fans Furious

August 3, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.