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Ethereum whales buy $2.5 billion in ETH as price targets $4,000 breakout

  • Ethereum whales in the 1,000–10,000 wallet cohort acquired over $2.5 billion worth of ETH on Sunday, adding 818,410 ETH.
  • Wallets in this cohort now control over 16 million ETH, indicating a sharp increase in holdings since 2018.
  • Ethereum-focused funds attracted $583 million in inflows in the past week, totaling $2.28 billion for the year.
  • Despite a 90% rally in two months, Ethereum's price consolidates in the $2,150–$3,600 range.
  • Current ETH price patterns are reminiscent of the 2016–2017 sideways movement before a breakout to $1,500 during the ICO boom.
  • ETH is currently trading at $2,643 with key support levels at the 50-week and 200-week EMAs.
  • Analysts suggest $4,000 as a short-term target for Ethereum, with a long-term outlook projecting $10,000.
  • The comparison to Ethereum's 2017 performance highlights potential breakout cycles driven by ETFs, staking yields, and tokenization projects.

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