Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ETHEREUM NEWS»Ethereum Rises Above $3,700 as Big Whale Accumulates: $4,900 incoming?
ETHEREUM NEWS

Ethereum Rises Above $3,700 as Big Whale Accumulates: $4,900 incoming?

By Crypto FlexsMay 31, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum Rises Above ,700 as Big Whale Accumulates: ,900 incoming?
Share
Facebook Twitter LinkedIn Pinterest Email

At spot prices, Ethereum has been inching lower and recently retested immediate support at $3,700. Although the coin is still hovering around this level, optimism is high that it will surge higher in the coming days.

Ethereum whales are now accumulating

One analyst cited on-chain events to solidify this outlook: note An optimistic story may unfold. Noting the sharp increase in Ethereum addresses controlling more than 10,000 ETH, the analyst is confident that investors have now completed their distribution and are anticipating further price gains without accumulation.

ETH whale accumulation | Source: @ali_charts via X

According to cited Glassnode data, the number of addresses controlling more than 10,000 ETH has been on the rise since May 20th. especiallyTodayprice shooting stronglyIt broke through $3,300 and $3,700.

Related Reading

The bullish trend may explain why whales are currently accumulating and are not choosing to liquidate, and why they have accepted to exit their positions following the recent correction of $3,900.

At the time of writing, ETH is trading at around $3,700, up almost 20% from its May 2024 low. On the daily chart, the coin is still within a bullish breakout formation after clearing two important resistance levels (current support) at $3,300 and $3,700.

Ethereum price is trending upward on the daily chart |  Source: ETHUSDT on Binance, TradingView
Ethereum price is trending upward on the daily chart | Source: ETHUSDT on Binance, TradingView

So, despite the retracement at $3,900, the uptrend remains intact. Reading the candlestick arrangement on the daily chart, the coin is likely to fall above $4,100 as buyers eye $4,900 or 2021 highs.

These whales are institutions, and most of them are optimistic about what lies ahead and are positioned to stay one step ahead. The rapid increase in the number of whales means institutions are becoming increasingly confident in the vast Ethereum ecosystem.

Hope for continued development and spot ETH ETF

One reason for this positive outlook is continued development. In ~ Ethereum network. Following the successful activation of Dencun last March, platform developers are now focusing on the upcoming Pectra upgrade.

This hard fork is expected To further strengthen the network, making transaction processing more efficient and cost-effective. This continuous development Positioning The network as the preferred host for decentralized finance (DeFi) and meme coin activities.

Related Reading

In addition to platform-related factors, the U.S. Securities and Exchange Commission (SEC) recently approved the listing of an all-spot Ethereum exchange-traded fund (ETF).

The institution has not yet clarified its position on the status of ETH. However, this will change with the approval of all S-1 registration forms for spot ETFs. Analysts believe that if these forms were approved, the second most valuable coin would have gained much-needed clarity.

Featured image by DALLE, chart by TradingView

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Leeum World Fair Announcement

September 24, 2025

The FTX distributes bankruptcy $ 1.6 billion this month.

September 20, 2025

Vulnerability or orbit again? BTC has a line at $ 115K

September 16, 2025
Add A Comment

Comments are closed.

Recent Posts

Goose boom bang! Slot -Collision, Cash and Manga Massacre

September 27, 2025

Is Etherrium the price of more than $ 4,000 in 2,589 ETH 24 hours?

September 27, 2025

YouTube Star MR BEAST Scoops 3 Days Purchase SPREE ASTER in SPREE

September 27, 2025

Linea Price Spikes 14% as Swift selects Linea for the pilot

September 27, 2025

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 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

Goose boom bang! Slot -Collision, Cash and Manga Massacre

September 27, 2025

Is Etherrium the price of more than $ 4,000 in 2,589 ETH 24 hours?

September 27, 2025

YouTube Star MR BEAST Scoops 3 Days Purchase SPREE ASTER in SPREE

September 27, 2025
Most Popular

The encryption industry promotes the SEC to clarify the Staying rules.

May 1, 2025

Coin Market This Week: Bitcoin Halving Happens, But BTC Doesn’t Move After Dramatic Week

April 20, 2024

Bitcoin’s Historic $100,000 Milestone Signals a New Era of Cryptocurrency Adoption

December 13, 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.