Ethereum’s Demand Zone and Whale Accumulation Highlight Potential for Price Recovery
The post Ethereum’s Demand Zone and Whale Accumulation Highlight Potential for Price Recovery appeared on BitcoinEthereumNews.com.
The recent decline in Ethereum’s price has triggered significant whale activity as investors reposition ahead of potential future gains. Ethereum’s price, having recently dipped below $3,000, has drawn attention from large holders who are re-entering the market at what they see as a favorable buying point. “Whales or large addresses accumulate during dips and sell at the top,” noted a source from IntoTheBlock, suggesting that current inflows may indicate a potential price recovery. This article explores the increased whale activity and institutional inflows around Ethereum (ETH) as it tests key demand zones in a fluctuating market. Whales scoop up over 400,000 ETH Data from IntoTheBlock revealed that whales have been on a buying spree since 4th February. This can be depicted by the surge in large holder netflows from -109,160 ETH to 174,000 ETH within just four days. This notable shift in netflows underscores the significant whale confidence in Ethereum’s long-term prospects. (Source: IntoTheBlock) Whales or large addresses accumulate during dips and sell at the top. Therefore, the rising inflows may be a sign that ETH may have bottomed, paving the way for a recovery. Notably, Ethereum’s whale concentration has increased from 37% to 43% over the past year, indicating that these large investors are starting to wield more influence over price movements. ETH ETFs inflows hit 2025 highs Large addresses are not the only cohort buying the recent dip. Institutions also seem to be accumulating after weekly inflows to Spot Ethereum exchange-traded funds (ETFs) rose to a 2025 high. According to SoSoValue data, the weekly inflows to Spot Ethereum ETFs have surged to $420M, marking the fifth-highest level for Ethereum ETFs since their inception in July 2024. This significant influx of capital from institutional investors suggests a continued bullish sentiment around Ethereum, with many viewing the recent dip as…
Filed under: News - @ February 9, 2025 4:23 am