{"id":50404,"date":"2025-03-07T14:30:12","date_gmt":"2025-03-07T14:30:12","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=50404"},"modified":"2025-03-07T14:30:12","modified_gmt":"2025-03-07T14:30:12","slug":"ethereum-whales-accumulate-millions-of-tokens-eth-price-surge-on-the-way","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=50404","title":{"rendered":"Ethereum Whales Accumulate Millions of Tokens: ETH Price Surge on the Way?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Large investors bought around $2.4 billion worth of ETH in 48 hours, potentially triggering an upward price pressure.<\/p>\n

Some analysts see ETH in an accumulation phase, with targets reaching $9,000, while historical patterns suggest a strong Q1 performance similar to past bull cycles.<\/p>\n

<\/a><\/span><\/h2>\n

Is It Finally Time for a Pump?<\/h2>\n

Despite its brief price spikes in the past few weeks, Ethereum (ETH) remains one of the disappointments of this bull run. It currently trades at approximately $2,200 (per CoinGecko\u2019s data), representing a 42% decline <\/span>on a yearly scale<\/span>.\u00a0<\/span><\/p>\n

And while many community members have raised skepticism that ETH would catch up with the gains its rivals have recorded in the last several months, some factors suggest there might be room for growth.<\/span><\/p>\n

Popular X user Ali Martinez\u00a0revealed<\/a> that whales have purchased 1.1 million tokens in the past 48 hours, asking, \u201cDo they know something we don\u2019t?\u201d\u00a0<\/span><\/p>\n

The stash\u2019s USD valuation equals $2.4 billion (calculated at current rates). Such efforts<\/span>\u00a0reduce the circulating supply of ETH, <\/span>possibly<\/span> making it more valuable in time via scarcity.<\/span> However, the bullish narrative relies on non-decreasing demand.\u00a0<\/span><\/p>\n

It is worth mentioning that <\/span>whales<\/span> went on a buying spree<\/span><\/a> again at the end of February when the entire crypto market was bleeding heavily. <\/span>Back then, ETH\u2019s price<\/span> tumbled to $2,100, but a few days later, it briefly surged past $2,500.<\/span><\/p>\n

Another element suggesting that the second-biggest cryptocurrency may soar <\/span>in the near future<\/span> is ETH\u2019s exchange <\/span>netflow<\/span>. <\/span>According<\/span><\/a> to CryptoQuant, the figure has been negative in the past four days, meaning investors might have shifted from centralized platforms toward self-custody methods. <\/span>This<\/span>, in turn, reduces the immediate selling pressure.\u00a0<\/span><\/p>\n

Price Targets<\/span><\/h2>\n

Contrary to the skeptics, many market observers believe the best is yet to come for ETH. X user CryptoGoos <\/span>assumed<\/span><\/a> that the asset is still in \u201cthe accumulation zone,\u201d predicting a spike to a new all-time high of $9,000.\u00a0<\/span><\/p>\n

CryptoELITES also gave their two cents. They reminded <\/span>that<\/span> the first quarter of the bull cycles in 2017 and 2021 have been quite successful for ETH. The analyst <\/span>believes<\/span><\/a> this scenario might repeat during Q1 this year, envisioning a potential triple-digit price increase.\u00a0<\/span><\/p>\n

Meanwhile, Crypto Tony <\/span>told<\/span><\/a> his over 500,000 followers on X that holding the support zone of $2,100 is \u201cthe bulls\u2019 mission this week.\u201d<\/span><\/p>\n

The post Ethereum Whales Accumulate Millions of Tokens: ETH Price Surge on the Way?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Large investors bought around $2.4 billion worth of ETH in 48 hours, potentially triggering an upward price pressure. Some analysts see ETH in an accumulation phase, with targets reaching $9,000, while historical patterns suggest a strong Q1 performance similar to past bull cycles. Is It Finally Time for a Pump? Despite its brief price […]<\/p>\n","protected":false},"author":0,"featured_media":50405,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-50404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/50404"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50404"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/50404\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/50405"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}