Ethereum Whales Make Bold Bet with 449K ETH – What’s Next for ETH Price?

ETH whales are back in accumulation mode, scooping up 449,000 ETH in a single day, marking the largest daily inflow since 2018. This wave of buying hit wallets that have never spent funds, signaling deep conviction in Ethereum’s long-term potential despite its current struggles. The Ethereum price has yet to reclaim $1,895, a critical resistance zone holding back upward momentum. Still, this surge in whale activity amid a broader crypto market slowdown has analysts watching closely. Let’s explore whether Ethereum whales can turn this dip into a bullish breakout.

Whale Accumulation vs. Resistance: Ethereum at a Crossroads

The ETH price currently trades around $1,805, with $1,895 emerging as a major resistance level. Over 1.64 million ETH is trapped at this level from investor positions taken in late 2024, creating significant selling pressure. Whale confidence, however, remains high. Ethereum whales continue to accumulate despite being underwater, with the realized price sitting at $1,981, higher than current levels. A decisive close above $2,142 would reverse the current structure of lower highs and open the door for bullish momentum. Let’s discover how long-term confidence could soon overpower short-term resistance.

ETH Whales Accumulate 449K Coins Despite Stubborn Resistance

According to on-chain data, Ethereum whales accumulated 449,000 ETH into wallets that have never spent funds, a strong bullish signal. This inflow represents the highest since 2018, underscoring how major holders are taking advantage of discounted prices. Despite Ethereum still trading 57% below its all-time high of $4,100, this wave of accumulation shows ETH whales are focused on long-term gains. Ethereum support around $1,800 remains crucial to maintain the current sentiment.

Chart 1 – ETH/USD live price, published on TradingView, April 26, 2025

Simultaneously, ETH resistance level at $1,895 is proving difficult to crack. More than 1.6 million ETH is concentrated at this price point, creating a potential supply wall. If the ETH price can close above this resistance, momentum could drive it toward the next target at $2,142. Meanwhile, a dormant ETH whale moved $27.6 million in ETH after more than 900 days, briefly shaking the crypto market. Still, the Ethereum price stabilized quickly, supported by strong accumulation.

Ethereum Whales Signal Strength as Ethereum Price Support Holds Firm

Alongside whale buying, Ethereum’s network fundamentals are improving. Active ETH addresses jumped 10% recently, a sign of increasing user engagement. However, DeFi remains relatively quiet, with DEX trading volumes still in decline. Regardless, Ethereum whales continue to make bold moves, reinforcing long-term optimism. Ethereum price support at $1,800 has proven resilient so far, and if bulls manage to hold this zone, the next breakout could materialize. Let’s explore if Ethereum whales can push ETH through the resistance ceiling.

What’s Next: Can ETH Whales Trigger Breakout?

Ethereum whales remain focused on accumulation as technical patterns tighten. If the Ethereum price overcomes the $1,895 ETH resistance level, the next bullish target is $2,142. Ethereum whales now hold key influence over momentum. On the downside, Ethereum support near $1,800 is critical. Any breakdown below this level could delay a rally. However, if ETH whales maintain pressure, this consolidation phase could turn explosive. As the May 7 Pectra upgrade approaches, all eyes are on whether Ethereum whales will turn this structure into a breakout opportunity.