- ETH whales add 130,000 ETH in a single day.
- Ethereum price chart shows multiple bullish indicators.
- Together, both moves signifies ETH’s bullish pump potential.
The crypto market faced yet another liquidation thanks to Trump’s latest tariff announcement wiping out huge funds from both the US stock market and the crypto market. While the dip was not as significant for the crypto market, traders took advantage of the price dip to accumulate promising cryptocurrencies. To highlight, ETH whales add 130,000 ETH is a single day.
ETH Whales Add 130,000 ETH in a Single Day
Popular cryptocurrencies are getting scooped up amid the ongoing crypto market dip. The price of Bitcoin went up to $87,000 again before falling back down to the lower $80,000 price range. While the pioneer cryptocurrency fails to reclaim a price above $90,000, the price of the pioneer altcoin Ethereum (ETH) fell to the $1,700 price range giving ETH whales a big opportunity to accumulate.
Indeed, several ETH whales have been on the move, while some sold their assets, most are buying the dips at discounted prices and hope to reap the rewards in the coming altseason phase, a phase that should have arrived in Q1 2025, but has since been delayed and expected to begin in Q2 2025. Furthermore, most analysts expect ETH to lead the altseason by triggering it upon setting its first new ATH this bull cycle.
With both a new ETH ATH price and the altseason peak phase delayed, analysts are certain that this ongoing correction phase is the perfect opportunity to accumulate opening the doors for traders to capitalize on the current market state and buy the dip. As we can see from the post above, Ethereum whales took full advantage of the moment and added 130,000 more ETH to their wallets amounting to a huge ETH buy in a single day.
Whale Accumulation and Bullish ETH Indicators
This signals a huge possibility for ETH price to skyrocket and not only reclaim its previous ATH, but also hit new ATH targets in the coming months ahead. Certainly, massive whale accumulation is a huge sign of a possible price pump, however, there are also significant bullish indicators on the ETH price chart that signify exponential gains on the horizon for the price of ETH.
As we can see from the post above, this reputed crypto analyst highlights a major bullish pattern on the ETH price chart. In detail, he mentions that Ethereum (ETH) looks to be replicating a pattern it underwent in 2023 and how that resulted in a massive climb in ETH price. Although, the analyst mentions that this time, the pattern is much larger and that it could lead to a much significant pump very soon.
