ZyCrypto
2025-03-16 15:14:42

Ethereum Whales Enter Buying Mode, Is There A Lifeline For ETH Price?

Ethereum (ETH) price continues its downward slope despite a slight market recovery the previous week. Crypto whales look to profit from the stretched market dip ahead of an expected rebound. Ethereum holds its $1,893 position, an attractive point for whales after several retail sales. ETH Whales Accumulate Huge Assets In the last seven days, crypto whales bought over 400,000 ETH and moved about 600,000 off centralized exchanges. This comes after a week of sideways trading and low buying momentum. Movement off exchanges remains a strong bullish signal highlighting long-term hodling. These transfers are often linked to a purchase, just as inflows to exchanges point to a potential sale. Digital asset enthusiasts say reduced exchange reserves can spark a price turnaround. With the price range at the 2024 support mark, whale inflows could set the pace. In January, crypto bulls projected a $4k price for Ethereum citing the altcoin season and a surging crypto market. Recent weeks have seen the reverse marked with huge sales from several quarters. With plunging crypto prices, asset repositioning is taking shape. The altcoin season will record improved prices as BTC dominance declines, which is why investors are backing ETH. During the bull peak, these buyers look to a near $2,500 and a higher $4k price. This means an almost 100% asset price from present levels. Such a jump requires a higher institutional appetite than 2024 levels. In Q4 2024, ETH institutional volume jumped 14.5% amid low retail numbers. Digital asset investor Ted Pillows backed the asset as the best layer for banks and other commercial institutions. “ Ethereum is the best layer for institutions like commercial banks, central banks, credit unions, insurers, and government-linked entities. Global adoption is on the rise, and the USA’s pro-crypto stance is a big catalyst. With plans to bring the US Treasury on-chain, $ETH is positioned for a strong comeback and widespread use.” Crypto Whales Are Back Apart from Ethereum, digital asset whales also purchased large assets on the White House Crypto Summit wave . Last week, BTC whales added 5,000 assets to their holdings, leading to slight gains. The top crypto trades at $83k, down 27% from previous highs. However, trader sentiments are surging as bulls gauge a rebound above $95k and subsequently to an all-time high. Solana, Cardano, and XRP also recorded whale accumulations within the week. Altcoin bulls remain fixed on possible ETF approvals to fuel a price run. Meanwhile, Litecoin whales amassed 430,000 assets in 48 hours.

Ricevi la newsletter di Crypto
Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta