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Ethereum Whales Accumulate $3.79B As ETH Breaks $2.5K Resistance
- Whale wallets accumulated $3.79 billion worth of ETH as smaller holders locked in profits.
- ETF inflows into Ethereum projects surged for 19 days, but cooled with a $2.1 million outflow.
- Large wallets holding between 1,000 and 100,000 ETH added 1.49 million ETH in the past month, representing a 3.72% increase in their holdings.
- These wallets now hold 41.61 million ETH, nearly 27% of the circulating supply, as small holders took profits.
- Ethereum price has crossed $2,500 with whale accumulation driving the surge.
- Ethereum is trading around $2,628, up 4.15% in the last 24 hours, with signs of potential overheating in the short term.
- Whales and sharks have been active in Ethereum projects, with significant spikes in whale transfers recorded.
- USDC usage increased on Layer 2 platforms, and Ethereum-based lending platforms saw a surge in activity.
- Ether spot ETFs in the U.S. had 19 days of net inflows before a $2.1 million outflow ended the streak.
- Analysts are eyeing key resistance levels for ETH, with expectations of a move towards $4,000 if certain levels are breached.
- Market sentiment suggests potential for stronger price movements if resistance levels are cleared in the near term.
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