Key Summary:
Ethereum super whales have increased their holdings by 9.31%, surpassing the accumulation level before the market rally in 2022.
ETH is consolidating within a bullish flag pattern, and if it breaks out, it is expected to challenge $3,400 in August.
Wallets holding at least 10,000 ETH are currently accumulating at a rate that exceeds the level before the 95% price increase in mid-2022.
According to Glassnode data, the total amount of ETH held by these "super whales" has rebounded from a low of 37.56 million in October 2024 to over 41.06 million on Monday.
This increase of 9.31% is nearly double the accumulation rate observed from May to September 2022, when the ETH price rose from about $1,000 to over $1,950, marking a 95% increase.
A similar trend was seen from November 2020 to January 2021, during which whale holdings increased by 4%, and the ETH price rose from $460 to $1,220.
In both of these market cycles, large holders began accumulating significantly before the broader market reacted. They started building positions aggressively. Recently, ETH's price movement has been relatively stable, indicating that the current accumulation phase is still in a "stealth stage" and has not yet garnered widespread market attention.
If historical patterns repeat, this silent accumulation could precede a significant price increase, which the market has not yet fully reflected.
Currently, the holdings of super whales continue to rise, and funds flowing into Ethereum-related investment vehicles (including ETFs) are also increasing. Since June 2020, when this metric began a long-term downward trend, the current rebound in supply is the strongest and longest-lasting.
The daily chart of ETH is in a typical bullish flag pattern, which usually indicates that the trend will continue, with prices often concluding with a breakout in the direction of the previous trend.
It is worth noting that there have been false breakouts and breakdowns within this structure, indicating that the current consolidation is very solid.
If the upper boundary of the bullish flag can be effectively broken, ETH is expected to challenge $3,400 in August. Some indicators even predict that the price will rise to $5,000 by the end of the year.
According to Glassnode data, the heatmap of Ethereum's cost distribution shows that the $2,500–$2,536 range is one of the strongest accumulation areas in recent months.
Over 3.45 million ETH have a cost basis in this range, highlighting its importance as a key support level.
A large number of long-term holders are concentrated around the $2,500 mark, further confirming that the current consolidation phase of ETH is laying a solid foundation for the next upward movement.
Related: How Bhutan is Boosting Its Local Economy Through the Crypto Tourism Industry
Original: “Ethereum (ETH) ‘Super Whales’ Accumulation Exceeds Pre-95% Rally Levels in 2022”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
