Are Major Investors Acquiring More Ethereum and Can It Trigger a Market Upturn?

Ethereum's price dynamics are being influenced by varying behaviors of large-scale investors, or 'whales'. Those holding more than 10,000 ETH, known as mega whales, who played a significant role in the August rally by adding over 2 million ETH, have now slowed their buying activity. Conversely, those holding between 1,000 and 10,000 ETH have resumed acquisitions, adding around 400,000 ETH in the past month, balancing the market as smaller investors step in.

Ethereum's price currently hovers below the $4,500 resistance level. If these smaller whales continue buying and the mega whales remain inactive, the price may stabilize but the upward momentum could weaken. Large purchases by BitMine Digital and three new wallets suggest continued interest from major players, even as institutional inflows slow. Whether this will be enough to push Ethereum past its current resistance remains to be seen.