The post Whales Continue to Accumulate Ethereum, ETH Rally Ahead? appeared on BitcoinEthereumNews.com.

Key Notes ETH surged to $1,787, gaining 13% in just 24 hours. A whale who lost $40 million on April 9 returned to accumulate nearly 20,000 ETH. Spot Ether ETFs saw a $38.74 million inflow, ending a 10-day drought. Early on April 23, Ethereum ETH $1 786 24h volatility: 9.9% Market cap: $215.92 B Vol. 24h: $27.38 B recorded a 13% daily surge in its value, trading around $1,787 at the time of writing. The rally has pushed its 24-hour trading volume up by 73%. This surge comes as whale activity increased for the second-largest cryptocurrency. A large investor who had previously incurred a $40 million loss during the April 9 crash, when ETH briefly touched $1,400, returned back for accumulation. After the $ETH price rose, this whale, who lost ~$40M on $ETH, borrowed 34.75M $USDT from #Aave to buy 19,973 $ETH at $1,740.https://t.co/yycsVmOLrP pic.twitter.com/lQVFXmV0fx — Lookonchain (@lookonchain) April 23, 2025 As per the data shared by Lookonchain, this whale borrowed 34.75 million USDT on Aave and purchased 19,973 ETH at $1,740 — a bold comeback bet on the rally. Another whale, wallet 0x2088, scooped up 2,568 Ether for around $4.61 million at $1,794. Meanwhile, address 0xD20E pulled 5,531 ETH — worth nearly $9.8 million — from Binance, a move typically indicating intent for long-term holding. ETH just hit $1,800! Whales continue to buy $ETH. 0xD20E withdrew 5,531 $ETH($9.8M) from #Binance in the past hour. 0x2088 spent 4.61M $USDC to buy 2,568 $ETH at $1,794 in the past 40 minutes.https://t.co/jzoEhDh2Fshttps://t.co/Gz3tdRjNWp pic.twitter.com/FoW5pZZOlM — Lookonchain (@lookonchain) April 23, 2025 Additionally, on April 22, spot Ether exchange-traded funds (ETFs) broke a 10-day streak of flat or negative flows, recording a combined net inflow of $38.74 million. It is important to note that Ether has been trading within a downward channel since mid-December 2024.…

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Filed under: News - @ April 23, 2025 10:27 am