NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Ethereum Whales Accumulate As Bullish Momentum Builds Up

Ali Martinez
Ali Martinez
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Ethereum appears to have entered a stagnation phase without giving any clear signals of where it is heading next. Its price action has been mostly contained within a narrow trading range over the last couple of weeks. But a decisive price movement that defines the direction of its trend has yet to occur.

Spencer Noon, the head of DTC Capital, believes that despite the lackluster there are different factors that suggest that Ether is poised to rally.

The renowned analyst maintains that the growth of the Grayscale Ethereum Trust (ETHE) has seen since the beginning of the month shows the interest that institutions have for this digital asset.

“1 million new shares of [Grayscale Investment’s] ETHE have been issued in the past 3 weeks – a sign that institutions are either investing in ETH or locking up their existing holdings at a pace of roughly $1 million per day,” affirmed Noon.

This might be the reason why the number of addresses with millions of dollars in Ethereum, colloquially known as “whales,” has been increasing at an exponential rate.

Ethereum Whales Fill Up Their Bags

Santiment, a behavior analytics platform, pointed out that the amount of Ether held by large investors recently reached a 10-month high.

The behavior analytics platform explained that the cumulative holdings of the top 100 non-exchange addresses currently hold more than 21.8 million ETH.

At the time of writing, this massive sum of Ether is equivalent to nearly $4.6 billion, which represents “the largest collective balance held within the top 100 addresses since May 2019,” according to Santiment.

Top 100 Non-exchange Ethereum Addresses. (Source: Santiment)
Top 100 Non-exchange Ethereum Addresses. (Source: Santiment)

The most intriguing part about this is that in the last 48 hours, these whales have added an additional 145,000 ETH to their bags. Such high levels of accumulation could be the reason why the price of Ethereum surged over 7% within this period of time.

Amount of Ethereum in Top Holders. (Source: Santiment)
Amount of Ethereum in Top Holders. (Source: Santiment)

The enormous holdings of these large investors allow them to have a disproportionate impact on prices. They have the ability to coordinate buying and selling activity and manipulate the market at their will.

If the buying spree continues, the smart contracts giant may be bound for a further advance.

A Bullish Impulse on the Works

A look at IntoTheBlock’s “In/Out of the Money Around Price” (IOMAP) model reveals that Ethereum indeed has the ability to climb higher.

The IOMAP cohorts show that the most significant supply barrier that may impede this altcoin from a bullish impulse sits between $210 and $215. Here, roughly 1.4 million addresses bought over 1.7 million ETH.

But breaking through it, leaves Ether open for a rally towards the next major level of resistance at around $233.

In/Out of the Money Around Price. (Source: IntoTheBlock)
In/Out of the Money Around Price. (Source: IntoTheBlock)

On the flip side, nearly 3 million addresses purchased 13.5 million ETH between $187 and $201. Such a massive supply barrier could hold Ethereum from a steeper decline in the event of a sudden correction.

Even though the future looks bright for the second-largest cryptocurrency in the market, it is crucial to implement a robust risk management strategy to avoid getting caught up on the wrong side of the trend.

Tweet123Share206ShareSend
Ali Martinez
Ali Martinez

Ali Martinez

Ali began forex trading in 2012. In 2014, he came across Bitcoin’s whitepaper and was so fascinated by the idea of a decentralized, borderless, and censorship-resistant currency that he started buying Bitcoin. By 2015, he started traveling to spread the word about Bitcoin. Now, he is a content producer for some of the leading media outlets in the cryptocurrency industry.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin Price Tries to Climb Again

Bitcoin Price Tries to Climb Again – Bulls Eye Short-Term Upside

Bitcoin price is attempting to recover above the $114,200 zone. BTC is now consolidating and might attempt to clear the...

Aayush Jindal 1 hour ago
Ethereum Nears Make-or-Break Moment as Open Interest Soars to All-Time High

Ethereum Nears Make-or-Break Moment as Open Interest Soars to All-Time High

Ethereum (ETH) has mirrored the broader cryptocurrency market’s recent downturn, with its price declining by 4% over the past week....

Samuel Edyme 1 hour ago
Binance Data Shows Decline in Leverage: Is a Major Crypto Shakeout Coming?

Binance Data Shows Decline in Leverage: Is a Major Crypto Shakeout Coming?

The global cryptocurrency market has experienced a slight downturn over the past week, with Bitcoin (BTC) struggling to regain its...

Samuel Edyme 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum Price Builds Strength

Ethereum Price Looks Strong – Uptrend May Resume Above Key Zone

Aayush Jindal 14 minutes ago
Cardano, ADA, Charles Hoskinson

Cardano (ADA) Targets $0.80 As Price Retests Key Level – Is An 85% Jump Ahead?

Rubmar Garcia 32 minutes ago
Stablecoin

China Greenlights Launch Of Its First Crypto Stablecoin—Report

Ronaldo Marquez 32 minutes ago

Premium Sponsors

Press Releases

  • Sezonul Altcoin 2025: Când începe, cum evoluează și ce tokenuri merită urmărite

    Sezonul Altcoin 2025: Când începe, cum evoluează și ce...

    6 hours ago
  • Balenele Dogecoin își mută fondurile către acest altcoin emergent bazat pe inteligență artificială, așteptând o creștere de 9.303% până în ianuarie 2025

    Balenele Dogecoin își mută fondurile către acest...

    6 hours ago
  • Китовете на Dogecoin преместват капитал към обещаващ AI алткойн – очакват ръст от дори 2900% до края на 2025 г.

    Китовете на Dogecoin преместват...

    7 hours ago
  • Sezona altcoina 2025.: Kada, kako i koje tokene pratiti

    Sezona altcoina 2025.: Kada, kako i koje tokene pratiti

    8 hours ago
  • mining

    No hardware required, no transactions required – DEAL...

    8 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.