Ethereum Whales Accumulate, Signaling Potential for Upside Amid Increased Network Activity
By: en coinotag|2025/05/03 03:30:04
0
Share
Ethereum whales accumulate heavily as breakout structure and rising activity hint at upside potential. Whale accumulation and network growth supported Ethereum’s bullish momentum. Long liquidations signal short-term caution, but there is clear room for stronger price recovery. Ethereum [ETH] has attracted fresh whale attention as on-chain data revealed significant accumulation activity. Over $5.7M worth of ETH was acquired via Aave [AAVE] loans, while a newly created wallet withdrew $4.12M from Binance. This aggressive positioning reflects growing investor conviction. At the time of writing, Ethereum traded at $1,819.34, posting a mild 0.45% gain in the last 24 hours. Although price action remains subdued, the sharp capital inflows and exchange withdrawals hint at a broader bullish thesis taking shape. Are traders finally waking up? Open Interest has jumped by 4.67% in the last 24 hours, reaching $12.06 billion. This surge suggests renewed speculative appetite as market participants re-enter long and short positions. The increase confirms rising market conviction after a consolidation phase. Such growth often precedes stronger price movements, especially when combined with accumulation trends. The rising Open Interest adds strength to the bullish case, potentially indicating that traders are positioning for a breakout or significant directional move. Source: CryptoQuant User activity is climbing — can it fuel price? Ethereum’s network activity also showed meaningful growth. Active addresses increased by 13% in the past seven days, while new addresses surged 45.24%. Notably, zero-balance addresses rose by over 102%, suggesting re-engagement from dormant wallets or rotation among holders. This broad uptick reflected increased network interaction and user activity, which generally align with growing market interest. The steady rise in participation may support upward momentum if it sustains over the coming weeks. Source: IntoTheBlock How high can ETH go from here? ETH’s price structure confirmed a breakout from a falling wedge formation at press time. After weeks of trading within the downtrend, the breakout now opens the door toward higher targets. The immediate resistance lay at $2,139, followed by Fibonacci extension levels at $2,354 and $2,638. Although ETH remains under $1,825 for now, the technical structure signals growing momentum. Therefore, if buying pressure continues and bulls hold above recent lows, the path toward a medium-term rally remains intact. Source: TradingView Long traders, however, faced significant losses on the 2nd of May, per Coinglass analytics. Ethereum’s downward volatility triggered $5.29M in long liquidations, compared to only $1.07M in shorts. Binance and Bybit recorded the highest long wipeouts, exposing overleveraged bullish positions. This flush suggests caution is still warranted in the near term. Nevertheless, such liquidations often clear the market of weak hands and create room for stronger trend alignment in subsequent sessions. Conclusion Ethereum’s current landscape reflects a market recalibrating after an aggressive flush of long positions. However, the combination of whale accumulation, improved network participation, and technical breakout structure places ETH in a favorable position. If sentiment holds and inflows persist, Ethereum may gradually regain upward momentum and shift market dynamics over the coming days.
You may also like

The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today
It can continue to question the cost-effectiveness of stablecoins in the G10 currency corridor, but it cannot ignore the structural opportunities of stablecoins in emerging markets, corporate finance, and on-chain settlements.

ETH has entered a non-consensus phase, and the turning point is approaching!
This has nothing to do with the Ethereum Foundation or Ethlabs; Ethereum needs to win by solving real problems.

Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?
Bitcoin vs. gold in 2026: Why are both assets falling, and what does their changing correlation mean? Discover what drives Bitcoin and gold prices and how traders can navigate different market conditions.

What is your view on Binance's competitive advantages?
When the dividends of rule arbitrage gradually approach zero, can we produce product strength, governance capability, and trust that are commensurate with its scale?

I never expected that the first application of AI x Crypto would be in security auditing
AI has accelerated attack efficiency and also promoted the upgrade of defense systems. The security audit sector is undergoing a transition from a dividend model to a competitive model.

Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...

Who is footing the bill for the $64 billion accounting frenzy?
Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.

Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Overview of Important Market Events on June 25

Why do cryptocurrency projects always like to change their names?
In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.

From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.

Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies
Overview of Important Market Events on June 24

The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough
The awareness level of the audience in the cryptocurrency industry—including media, institutions, and retail investors—is steadily increasing, and this trend has become a foregone conclusion.

Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends
The Ethereum Foundation has announced a new five-layer working framework, clarifying the focus of future development and reaffirming its commitment to decentralized core values amidst the wave of institutionalization.

Former SpaceX engineer reconstructs the financial execution system using first principles
Plan Execution Lab completes angel round financing for Singapore family office, with a valuation of 50 million USD.

Standard Chartered Bank sings a 50x rhapsody again, aiming for AAVE to reach 3500 USD
The throne of DeFi lending still exists, but the foundation beneath the throne needs to undergo a reconstruction or reinforcement.

Tidal Investment: We still have a positive outlook on the AI industry chain, but the reasons have changed
The intense financing by tech giants has triggered a panic of "AI peak," but the soaring capital expenditures of the five major cloud vendors and the bottlenecks in physical infrastructure indicate that the AI investment cycle is far from over; the second half of this grand performance has just begu...

The interim executive director of the Ethereum Foundation speaks out: What is our mission?
"We are here to strengthen defenses against where Ethereum has already become or may become extractive, comprehensive, or susceptible to cartel or state control, or influenced by tools of surveillance or coercion from authoritarian regimes."

Why does OKX want to start a new company with the parent company of the New York Stock Exchange?
ICE and OKX established OKXICE, symbolizing the relationship between traditional finance and the crypto market is transitioning from "tentative cooperation" to "infrastructure-level integration."
The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today
It can continue to question the cost-effectiveness of stablecoins in the G10 currency corridor, but it cannot ignore the structural opportunities of stablecoins in emerging markets, corporate finance, and on-chain settlements.
ETH has entered a non-consensus phase, and the turning point is approaching!
This has nothing to do with the Ethereum Foundation or Ethlabs; Ethereum needs to win by solving real problems.
Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?
Bitcoin vs. gold in 2026: Why are both assets falling, and what does their changing correlation mean? Discover what drives Bitcoin and gold prices and how traders can navigate different market conditions.
What is your view on Binance's competitive advantages?
When the dividends of rule arbitrage gradually approach zero, can we produce product strength, governance capability, and trust that are commensurate with its scale?
I never expected that the first application of AI x Crypto would be in security auditing
AI has accelerated attack efficiency and also promoted the upgrade of defense systems. The security audit sector is undergoing a transition from a dividend model to a competitive model.
Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
