Ethereum Whales Accumulate $1 Billion in ETH Amid Price Recovery

Ethereum (ETH) Insights

• Current trading price: $2,065 with a 9% weekly gain.
• Whale accumulation: Approximately 470,000 ETH (worth $1 billion) purchased in the past week.
• Whales holding 10,000 to 100,000 ETH increased holdings by 29% over two weeks.
• Addresses holding at least $100,000 in ETH rose from 70,000 to 75,000 since March 10.
• Ethereum recently retested a key multi-year trendline support level, historically associated with major rallies.
• Analyst Rekt Capital predicts ETH could reclaim the $2,196–$3,900 range if it reacts positively below $2,000.
• Current resistance around $2,100, with a breakout potentially pushing toward $2,230.
• RSI at 46 indicates strengthening momentum after rebounding from oversold conditions.
• MACD shows bullish crossover and increasing buying momentum.
• Formation of a double-bottom pattern suggests potential rally towards $2,400–$2,500 if $2,200 is surpassed.
• VanEck forecasts a cycle top of $6,000 for ETH by end of 2025 due to institutional adoption.