Ethereum Whales Accumulate $61M: Price Targets $4,000 Next

Ethereum (ETH) is regaining momentum as whale activity and institutional investments signal strong confidence in its potential.

Currently trading at $3,462.14, Ethereum is closing in on an intra-day high of $3,544, with analysts eyeing $4,000 as the next key resistance level.

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewFCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTCUSD 100Visit Broker
🥈Read ReviewFSCA, FSC, ASIC, CySEC, DFSAUSD 5Visit Broker
🥉Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker
5Read ReviewASIC, FCA, CySEC, SCBUSD 100Visit Broker
6Read ReviewFCA, FSCA, FSC, CMAUSD 200Visit Broker
7Read ReviewBVI FSCUSD 1Visit Broker
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker

ETH/USD

Whales Signal Confidence with $61M Accumulation

Ethereum whales have made notable moves, withdrawing over 17,000 ETH—worth approximately $61 million—from Binance. These large-scale withdrawals suggest heightened confidence among major investors, who are capitalizing on the recent price dip. Historically, such whale activity has served as a precursor to significant price rallies.

Adding to the bullish narrative, institutional interest in Ethereum is growing. World Liberty Financial, a DeFi initiative associated with former President Donald Trump, has increased its ETH holdings, further reinforcing market confidence. Ethereum’s rebound from a recent low of $3,100 to its current levels indicates strong buying momentum. Analysts anticipate a swift recovery to $4,000, a level that has historically acted as both resistance and a launchpad for further gains.

Institutional Interest Spurs Medium-Term Optimism

Institutional investors’ continued support for Ethereum underpins its price stability and potential for growth. Analysts project Ethereum could surge to $8,000 or even $10,000 in the medium term, citing historical trends linked to Bitcoin halving events and Ethereum’s role in decentralized finance (DeFi).

The narrative of increasing whale and institutional activity aligns with Ethereum’s reputation as a foundational blockchain for smart contracts, NFTs, and DeFi platforms. With these use cases expanding, Ethereum’s utility is expected to drive long-term price growth.

Key Resistance and Future Projections

Immediate resistance for Ethereum lies at $4,000, followed by medium-term targets of $8,000 to $10,000. Support levels at $3,100 and $3,250 provide a safety net for investors eyeing potential entry points. Analysts emphasize the importance of sustained whale accumulation and institutional interest in maintaining the bullish outlook.

Key Takeaways:

  • Whales accumulate $61M in ETH, signaling confidence in a price rally.
  • Institutional investors fuel optimism, targeting $4,000 as the next milestone.
  • Medium-term projections estimate Ethereum could reach $8,000–$10,000.
Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
Related Articles
Comments
0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments