ETH whales increase ETH accumulation efforts.
Crypto market sees spiked movements in ETH accumulation.
Analyst highlights two bullish moves following this accumulation wave.
Ethereum price run expectations continue to gain momentum as ETH whales increase ETH accumulation efforts. The crypto market is constantly on the watch for big whale movements, and ETH whales have been the most active so far. One reputed crypto figure in the community shares a bullish forecast. He says ETH is back in bullish play and ETH whales are accumulating ETH like there’s no tomorrow.
ETH Whales Increase ETH Accumulation Efforts
According to CoinMarketCap analytics, the price of Ethereum (ETH), the pioneer altcoin asset, is currently sitting at $2,605, indicating a price decline of over 1% in the last 24 hours and a decline of over 4% in the last 7 days. It boasts a total market cap of $314,584,648,147.13 and a 24-hour trading volume of $17,888,671,520.4. The asset is still over 45% away from reclaiming its previous ATH set at $4,891 4 years ago.
Since 2025 began, analysts have been heavily anticipating a significant ETH price surge that would take the altcoin to hit its new ATH price in a move that would also trigger the arrival of the bull cycle’s altseason phase. Instead, the price of ETH went on to decline alongside BTC and its prolonged correction phase in Q1. During this time, ETH went on to bottom at $1,700 and immediately began to pump until it hit $2,700.
With the price of ETH presently under the $2,700 price range, ETH whales are seeing this as a golden opportunity to heavily accumulate ETH before the price goes parabolic and claim not just the previous ATH record, but set new ATH prices as well. In the wake of this expected pump, altseason is anticipated to arrive, bringing a bullish momentum for all altcoins in a bull wave led by Ethereum (ETH).
$ETH is back in businessWhales are loading up $ETH like there's no tomorrowI don’t know if this is true, but we’re seeing the following two things play out on the charts:1. Increased volumes in generalSince May 8th, ETH’s volumes have been elevated relative to the past… pic.twitter.com/r4DvbfMVdM
— Lark Davis (@TheCryptoLark) June 4, 2025
As we can see from the post above, Lark Davis, a reputed figure in the crypto space, goes on to declare that Ethereum (ETH) is back in business and that ETH whales are loading up ETH like there’s no tomorrow. He says this move has led to two plays being triggered on the ETH price charts. The first is increased volumes across the board. Davis highlights that since May 8, ETH’s volumes have been elevated relative to the past several months, and buyers and sellers both are back to trading this asset.
Next Move For Ethereum (ETH)?
Earlier this week, analysts noticed that ETH was seeing consistent inflows for Ethereum Spot ETFs for a continuous 11 days, with millions flowing into the asset. It’s only a matter of time before the action reflects on ETH price. Secondly, Davis points out the divergent strength against Bitcoin, where he states that ETH has held up better on a percentage basis against BTC, since the latter fell from its ATHs.
Finally, Davis concludes by stating his theory. He believes that ETH at the moment is in the middle of a great asymmetric long trade, assuming Bitcoin either ranges sideways or goes up. Will we see a new ATH soon? If so, how high will ETH go? So far, expectations range between $8,000 and $12,000.
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