Ethereum Whales Scoop Up 800,000 ETH as Price Trades Near $4,600
Ethereum’s recent rally appears to be gaining momentum as on-chain data reveals a massive wave of whale accumulation.
Over the past week, large holders have reportedly added around 800,000 ETH, signaling renewed confidence in the asset’s long-term trajectory.
According to market analyst Ali, wallets holding between 10,000 and 100,000 ETH have been the main drivers of this accumulation phase. The buying spree coincides with Ethereum’s price advancing more than 12% over the past seven days, currently trading at $4,515 with a total market capitalization of $545 billion, according to CoinMarketCap.
Market Momentum Strengthens
Ethereum’s upward trajectory follows a period of steady recovery across the broader crypto market. Technical charts show ETH approaching resistance near the $4,600 level – a zone that, if broken, could pave the way toward retesting the all-time high set in late 2021.
The Relative Strength Index (RSI) on the daily chart remains moderate at 57, suggesting there’s still room for further upside before the asset becomes overbought. Historically, whale accumulation during similar RSI conditions has preceded major rallies, adding to the bullish sentiment.
Institutional Confidence Returns
The accumulation trend among large wallets suggests that institutional and high-net-worth investors are positioning ahead of potential catalysts, such as scaling upgrades and renewed DeFi activity. Ethereum’s growing role in tokenized assets, staking, and the NFT ecosystem continues to attract long-term holders looking for exposure beyond Bitcoin.
With volatility likely to remain high, analysts are watching whether ETH can hold above $4,500 – a level that could serve as a springboard for a new upward phase if sustained.
For now, all eyes are on the whales, whose latest buying spree appears to be reinforcing Ethereum’s momentum heading into the final quarter of 2025.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
