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»ALTCOIN NEWS»Ethereum Whale Accumulates $1 Billion in ETH: Signs of a Rally?
ALTCOIN NEWS

Ethereum Whale Accumulates $1 Billion in ETH: Signs of a Rally?

By Crypto FlexsDecember 1, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum Whale Accumulates  Billion in ETH: Signs of a Rally?
Share
Facebook Twitter LinkedIn Pinterest Email
  • Recently, smaller ETH holders have been selling more ETH and whales have been absorbing these sales.
  • ETH continued its upward trend.

Ethereum (ETH) recently witnessed extraordinary movement as whale investors purchased over 280,000 ETH, worth approximately $1 billion, in 5 days.

This accumulation has led to considerable speculation about Ethereum’s future trajectory, especially with the asset trading close to $3,700.

aspirateWith changes in exchange flows and increased on-chain activity, all eyes are on whether Ethereum can maintain its strength or face a correction.

Ethereum whale activity sparks optimism

The sudden surge in whale accumulation seen in on-chain data highlights growing confidence among large investors.

This surge coincides with Ethereum’s recent price rally and breakout of the $3,500 resistance level.

ETH whale

Source: Santiment

Santiment’s chart analysis highlights the continued addition of ETH by wallets holding between 100,000 and 1,000,000 ETH.

The chart shows that whales went into accumulation mode earlier this month. These movements may indicate long-term bullish sentiment.

Exchange netflow reflects market behavior.

A key indicator supporting the bullish case is the net flow of Ethereum to and from exchanges. Analysis of Glassnode data has revealed significant fluctuations over the past few weeks.

However, there are more ETH outflows from exchanges, suggesting traders are moving their holdings.

Ethereum NetflowEthereum Netflow

Source: Glassnode

Trends in exchange flows show that whale movements have had an impact, balancing retail selling.

This trend indicates that the likelihood of immediate selling pressure has decreased, which could further stabilize the Ethereum price.

Challenges to Maintaining Ethereum’s Momentum

Despite these optimistic signs, risks remain. Ethereum price is approaching overbought levels, which could trigger a short-term correction. As of this writing, ETH is trading slightly higher at around $3,709.

Additionally, a golden cross appears to be imminent, with the 50 moving average (MA) approaching above the 200 MA.

ETH price trendETH price trend

Source: TradingView


Read Ethereum (ETH) Price Prediction for 2024-25


Ethereum’s recent whale accumulation and favorable on-chain indicators have set the stage for potential gains. However, caution is required considering the overbought technical indicators of the asset and the possibility of profit taking.

If broader market conditions remain supportive, Ethereum is likely to see a prolonged rally.

Next: XRP rises 6% in 24 hours and surpasses $107 billion in market capitalization. What’s next for $2?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Tethers we target the Stablecoin market and quote the path of genius behavior.

July 31, 2025

Crypto EXEC is not the end of the rally.

July 24, 2025

Shib or PEPE: What memes coins are cut to the top 10 first?

July 17, 2025
Add A Comment

Comments are closed.

Recent Posts

Strategic Ettterim Protection Zone surpasses $ 10 billion as institutional interests increase.

July 31, 2025

Tethers we target the Stablecoin market and quote the path of genius behavior.

July 31, 2025

Pepescape Crypto Presale Raises $1M As Ethereum Eyes $6K, Community-Owned Exchange Gigacex Unveiled

July 30, 2025

Midl Secures $2.4M Seed Investment From Draper Associates And Draper Dragon To Pioneer Native DApp Infrastructure On Bitcoin

July 30, 2025

LayerBTC starts $ LBTC ICO to power the new Bitcoin Layer 2 for Apps and Defi.

July 30, 2025

Asia Morning Briefing: SEC’s in -kind BTC, ETH ETF reduction shift occurred in Hong Kong a few years ago.

July 30, 2025

XRP Open Interests decrease by $ 2.4B after recent sale

July 30, 2025

Is it really possible to sell Memecoins?

July 29, 2025

Encryption Inheritance Update: July 2025

July 29, 2025

Charting the Course for the Future of Decentralized Platforms

July 29, 2025

Blockchain For Good Alliance Leads Global Digital Cooperation At UN IGF 2025

July 29, 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

Strategic Ettterim Protection Zone surpasses $ 10 billion as institutional interests increase.

July 31, 2025

Tethers we target the Stablecoin market and quote the path of genius behavior.

July 31, 2025

Pepescape Crypto Presale Raises $1M As Ethereum Eyes $6K, Community-Owned Exchange Gigacex Unveiled

July 30, 2025
Most Popular

KAITO unveils Capital Launchpad, a Web3 crowdfunding platform that will be released later this week.

July 22, 2025

Bitget Enhances VIP Access with Expanded Services and Benefits

June 8, 2024

A new era of smooth encryption transaction with the best functions in the industry

April 4, 2025
  • 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.