Ethereum Whales’ Holdings Rise to 43% Following Merge

The crypto market saw a significant uplift, with Bitcoin surpassing $100,000 for the first time since December. Ethereum increased by 7.25%, returning to the $3,500 price zone, signaling potential long-term bullish trends for altcoins.

Ethereum Whale Activity

Whale reserves on the Ethereum network rose from 22% in early 2023 to 43% currently, marking nearly a 100% increase over two years.
The rise is linked to the Ethereum Merge in September 2022, which transitioned it to a proof-of-stake model.
Staked ETH grew from 15,804,310 in January 2023 to 33,898,981 by January 2025, a gain of 114.49% during the same period.
Whale transactions often serve as signals for retail investors, indicating strong bullish sentiment and supporting long-term profitability for Ethereum.

ETH Price Overview

As of now, Ethereum trades at $3,460, up 2.65% in the past 24 hours. Trading volume decreased by 3.33%, totaling $26.11 billion. Key resistance is at $3,700; if surpassed, it may reach $4,000. Ethereum's market cap stands at $422.34 billion, maintaining its position as the second-largest cryptocurrency.