Fun

Whales Add 190,000 Ethereum In The Last 24 Hours – The Accumulation Continues

News Feed - 2025-03-02 09:03:40

Este artículo también está disponible en español.


The crypto market is facing intense fear, with many analysts speculating that a prolonged bear market could be on the horizon. Ethereum has been one of the hardest-hit assets, experiencing a massive decline of over 27% in less than five days. Investors are growing cautious as ETH struggles to hold key support levels, fueling uncertainty about its short-term direction. Related Reading Is Solana In A Macro Trend Move? Charts Show Potential Shift 1 day ago


Despite the widespread panic, large investors appear to be taking advantage of the dip. Data from Santiment reveals that whales have accumulated significant amounts of ETH in the last 24 hours, suggesting that institutional players and high-net-worth individuals are positioning for a potential recovery. Historically, such accumulation phases by big players have preceded strong reversals, indicating that smart money might be betting on an eventual rebound.


While selling pressure remains high, this whale activity could provide a foundation for ETH to stabilize and regain lost ground. However, for a bullish recovery to take shape, Ethereum needs to reclaim crucial levels above $2,500. The next few days will be critical in determining whether ETH can bounce back or if the market will continue to slide further down. Ethereum Accumulation Signals Trust Ethereum is trading slightly above the most critical support level since December 2023, a price zone that could determine its short-term direction. Bulls must hold this level to prevent further declines and initiate a recovery phase, but selling pressure remains strong. Analysts are divided, with some expecting a prolonged bear market while others see potential for a rebound.


Crypto expert Ali Martinez shared Santiment data on X, revealing that whales bought another 190,000 ETH in the last 24 hours. This adds to the broader trend of accumulation that has been ongoing for the past month. Ethereum Whales Bought 190,000 ETH in 24H | Source: Ali Martinez on X


Historically, such whale activity signals confidence from large investors, who often accumulate at discounted prices before an uptrend resumes. If this trend continues, Ethereum could be setting up for a strong recovery rally. Related Reading Dogecoin Open Interest Declines 67% In Three Months – Can Meme Coins Recover? 2 days ago


However, bullish momentum remains uncertain. ETH needs to reclaim key levels above $2,500 to confirm a reversal, and failing to do so could lead to further corrections. The market is currently driven by fear and uncertainty, but the continuous whale accumulation suggests that smart money is positioning for future gains. The coming days will be crucial in determining whether Ethereum can bounce back or if the bearish trend will persist. ETH Testing Crucial Long-Term Demand


Ethereum is trading at $2,220 after reaching its lowest level since late November 2023. The recent sell-off has pushed ETH below critical support zones, and bulls are struggling to regain control. The price is now below the 200-week exponential moving average (EMA) at around $2,290 and the 200-week moving average (MA) at around $2,480, signaling a bearish outlook unless a strong recovery takes place soon. ETH testing multi-year demand | Source: ETHUSDT chart on TradingView


For Ethereum to regain momentum, bulls must reclaim the $2,500 level in the coming days. A breakout above this level would signal renewed strength, potentially leading to a massive recovery rally as traders regain confidence. However, ETH remains under pressure, and failing to reclaim the $2,300 mark could confirm further declines. If this scenario unfolds, Ethereum could face a deeper correction toward the $2,000 psychological support, or even lower, depending on market sentiment. Related Reading Ethereum Retraces To Critical Monthly Demand Level – Can ETH Hold Selling Pressure? 1 day ago


With the market still dominated by fear and uncertainty, traders are watching key technical levels closely. If ETH can stabilize above $2,200 and push higher, a relief rally could be on the horizon. Otherwise, Ethereum could remain trapped in a prolonged downtrend, testing investor patience and market resilience. The next few days will be critical for ETH’s price action.


Featured image from Dall-E, chart from TradingView

News Feed

Darknet Users Discuss the Connection Between DDoS Attacks and Exit Scams
Darknet Users Discuss the Connection Between DDoS Attacks and Exit Scams During the last few weeks, a number of darknet markets (DNMs) like Dread and Empire have been attacked re
Biggest Movers: SOL Rebounds, TRX up for Fifth Straight Session
Biggest Movers: SOL Rebounds, TRX up for Fifth Straight Session Solana was one of Tuesday’s notable movers, as the token rebounded from losses to start the week. The move co
Turner Wright4 hours agoTornado Cash users file appeal over judgment in favor of US TreasuryThe six individuals, supported by crypto exchange Coinbase, have taken a case involving the U.S. Treasury sanctioning Tornado Ca
Coinbase Reportedly Facing SEC Probe for Listing Unregistered Securities
Coinbase Reportedly Facing SEC Probe for Listing Unregistered Securities Coinbase, the U.S.-based cryptocurrency exchange, is reportedly facing a probe from the Securities and Exch
Crypto Analyst Unveils Shocking Altcoin Season Forecast
Este artículo también está disponible en español. In a bold series of posts on X on January 14, prominent crypto analyst Miles Deutscher delivered a shocking forecast con
Daniele Servadei1 hour agoBlackRock’s misguided effort to create ‘Crypto for Dummies’Crypto doesn’t need BlackRock’s Bitcoin ETF. It undermines the basic tenets of cryptocurrency — from banking the unbanked t
Crypto Exchange Binance Approved by French Regulator as a Fully Regulated Digital Asset Service Provider
Crypto Exchange Binance Approved by French Regulator as a Fully Regulated Digital Asset Service Provider Cryptocurrency exchange Binance has received regulatory approval from the F
DeFi protocol Unizen to provide ‘immediate reimbursement’ after $2.1M hack
Ezra Reguerra57 minutes agoDeFi protocol Unizen to provide ‘immediate reimbursement’ after $2.1M hackDeFi protocol Unizen announced that it will issue an immediate refund to users who lost their funds to an exploit t
Ariva (ARV) Announces Milestone Partnership With World Tourism Forum Institute (WTFI) and Global Tourism Forum (GTF)
Ariva (ARV) Announces Milestone Partnership With World Tourism Forum Institute (WTFI) and Global Tourism Forum (GTF) press release PRESS RELEASE. Ariva, a next-generation tourism &
Helen Partz13 hours agoFerrari’s Bitcoin acceptance is major market win, says CoinFlip CEOIt’s not a question of if big-name companies follow Ferrari’s lead to adopt Bitcoin, but when, according to CoinFlip CEO Ben
Tom Mitchelhill7 hours agoSEC’s Gary Gensler to hold firm on crypto enforcement in Senate hearingDespite his agency suffering a slew of losses in the courts, Gensler is sticking to his guns at the Senate Banking Commit
Elon Musk’s first brain chip patient plays online chess with his mind
Tom Mitchelhill8 hours agoElon Musk’s first brain chip patient plays online chess with his mindThe first patient to be implanted with Musk’s Neuralink device described the experience as “using the force” to contr