✨ +🐋 Ethereum Whales Accumulate +9.31% More $ETH Since October 2024
Addresses holding over 10,000 $ETH have increased their holdings from 37.56 million to 41.06 million ETH – the largest accumulation since 2020.
* For comparison, the accumulation before the 2022 rally was only 4–5%, which saw ETH surge by +95%.
* This current accumulation is happening without significant price volatility (around $2,600), indicating a quiet strategy by major players.
* Technical Signal: A bull pennant consolidation pattern suggests a potential breakout, with a target of $3,400 by August and, under favorable conditions, $5,000 by year-end.
* Over 3.45 million ETH were bought in the $2,500–$2,536 range, creating a strong support zone.
* #ETFs are recording record inflows, with over $200 million per week, further strengthening fundamental support.
💬 Analysts believe the market is preparing for a new growth cycle, similar to what was seen in 2020 and 2022.