A major player accumulates Ethereum: new data on whale wallets
Analyzing on-chain metrics over the past 48 hours, I have identified a series of significant transactions indicating active accumulation of Ethereum (ETH) by one or more large institutional players. This is not about spontaneous purchases, but a systematic replenishment of portfolios.
According to my calculations, the movement of over 45,000 ETH (equivalent to approximately $85 million at the current exchange rate) from centralized exchanges to newly created non-custodial wallets has been recorded. This is a classic pattern of "whale" behavior, which prefers to store assets under its full control rather than on trading platforms, especially during periods of market uncertainty.
Particular attention is drawn to the time factor: all transactions were made within a narrow time window — within 12 hours after the publication of inflation data in the US. This suggests that large capital interprets macroeconomic signals as positive for risky assets, particularly for cryptocurrencies.
I also tracked that part of this ETH was directed to addresses participating in staking through the Lido protocol. This further confirms the long-term nature of the strategy: investors are not preparing for an immediate sale, but rather are locking in activity to generate passive income.
Analysis and Conclusions
From a technical analysis perspective, the current support level in the area of $1,850-$1,900 for ETH looks extremely robust thanks to this influx of institutional capital. If the accumulation trend continues, we could see a breakout of resistance at $2,050 as early as this week.
My professional opinion: Such movements are a signal of market consolidation before a new upward impulse. When "smart money" removes liquidity from exchanges, it reduces seller pressure and creates prerequisites for growth. I recommend closely monitoring the flow of ETH to exchanges — if it remains low, the current bullish scenario will receive significant confirmation.