Whale Accumulates 820,220 ETH Worth $3.6 Billion in Two Weeks

Ethereum experienced increased buying pressure following a significant purchase by a prominent Bitcoin whale.

Major Whale Moves Into Ether

A Bitcoin whale acquired approximately 820,220 ETH valued around $3.6 billion over two weeks.
The purchases were made across multiple addresses, indicating a major capital influx into Ether instead of Bitcoin.
At reporting time, ETH was priced at $4,390 with a 24-hour trading volume of $39 billion and a market cap of nearly $538 billion.

Despite some market pullbacks, demand for Ether remains strong, reflected in a 2% price increase. However, derivatives activity showed mixed results:

Derivatives volume decreased by 14% to $61 billion.
Open interest rose by 2.90% to $60 billion.
Minor decline in the OI Weighted metric suggests reduced positioning strength.

Ether Price Forecast And Sentiment

Forecasts predict an 11% increase, targeting $4,870 by October 1, 2025.
Market sentiment is classified as Bullish with a Fear & Greed Index at 46 (Fear).
Over the last month, ETH had 47% green days and 9% price volatility.
Analyst Ted indicated a potential retest around $4,000 due to liquidity clusters.

What Traders Are Watching

Flow of large on-chain buys.
Continued rise in derivatives open interest.
Price stability above the $4,000 support level.

Reports of whale activity suggest increasing institutional interest, although the decline in spot derivatives volume indicates some traders are adopting a cautious approach.