Ethereum whales recently sent a strong signal to the market: they are massively accumulating. With $417 million recently invested, institutional investors are clearly betting on an ETH recovery. Do technical indicators support this bullish sentiment? Dive into on-chain data analysis and key levels to watch.
On-chain data reveals significant movement from large Ethereum holders. Whales have accumulated $417 million worth of ETH in recent weeks, a signal typically interpreted as strategic positioning before a bullish phase. This behavior contrasts with distribution periods, when these same players sell massively before corrections.
Analysis of addresses holding more than 10,000 ETH shows a steady increase in their positions. These institutional investors often have privileged information about upcoming developments in the Ethereum ecosystem. Their confidence is also evident in the timing of their purchases, made during a price consolidation phase.
Meanwhile, centralized exchanges are recording a notable decrease in their ETH reserves. This reduction in available supply on exchange platforms constitutes a powerful technical indicator. Less ETH on exchanges typically means less selling pressure and potential for a bullish squeeze if demand intensifies, offering an excellent opportunity for a rebound and Ethereum purchase on Bitget.
From a chartist perspective, Ethereum is currently evolving in a critical price zone. The psychological support at $1,800 has held firm during recent corrections, strengthening the medium-term bullish structure. Traders are closely monitoring resistance at $2,200, which if broken could trigger acceleration toward $2,500.
Technical indicators display mixed but encouraging signals. The RSI on the weekly chart is gradually exiting the oversold zone, while the 50 and 200-day moving averages are approaching a potential golden cross. This historically bullish technical configuration could catalyze interest from momentum traders for an Ethereum purchase on Bitget.
Market sentiment is also tangibly improving. The fear and greed metrics show a gradual return of risk appetite among retail investors. If this movement is accompanied by technical confirmation with a breakout above key resistances, the $5,000 target could become realistic again over a horizon of several months.
The reduction in available ETH supply on exchange platforms may be the most bullish factor in the current equation. Data shows that more than 30% of Ethereum’s total supply is now staked via post-Merge staking, immobilizing these tokens for extended periods.
This dynamic creates structural upward pressure on the price. With less available liquidity to absorb buying waves and continuous accumulation by whales, the market finds itself in a configuration favorable to bullish volatility.
Experienced traders recognize this setup as a classic precursor to explosive rallies observed in the past on ETH, offering a rebound opportunity, take advantage of the exclusive Bitget bonus.
On the same topic:
Passionate about cryptocurrencies since 2019, I cover the latest news through clear and accessible articles. My goal is to make crypto understandable for everyone, with reliable and well-researched content.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.
Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
