2025-2-2 21:19 |
Ethereum whales have resumed large buys as bulls set sights to regain lost ground. Bitcoin and other assets saw similar positive figures amid a wider crypto market recovery. The last crypto dip sent BTC price below $99K while altcoins were on a free fall, losing steam as hourly numbers were posted. Crypto whales continue to shape the market due to the size of holdings gaining traction.
ETH Whales Boost Traders’ SentimentIn the last 24 hours, Ethereum buying pressure has surged signaling a turnaround of fortunes. Wallets holding between 100,000 and 1 million assets ramped up buys. Total accumulations topped 1.1 million assets worth approximately $3.5 billion. These inflows spiked the market cap above $392 billion while its price consolidated at $3,260. ETH price is up 5% today, while volume spiked 33%.
Generally, active wallets on the network grew to 784,000, boosting confidence. Whale activities help traders determine the present market sentiment, gauging price peaks and a possible correction. Conversely, large holders dumping assets increases selling pressure on the market.
In the last 24 hours, 13 wallets acquired 10,000 ETH, sending bull signals to traders. Most holders also transferred funds out of centralized exchanges, a move that points to long-term holdings. Previous ETH prices struggled after failing to break their all-time high, like Bitcoin, even after a spot ETF approval.
Onchain lens also flagged a recent huge buy, continuing hourly demand. “A whale has bought 1,531 $ETH for $5.01M $USDC at an average price of $3,277 in the past 40 minutes. The whale currently holds a total of 3,005 $ETH worth $9.85M, across 2 different wallets. Address: 0x226862a0428280c4ed512388055892b20b1ab7fe Other Wallet: 0x3cbfb4c1d3ad636fa4e35c23e6b3133d2305fd3e.”
Will Ethereum’s Momentum Sustain?Several digital asset commentators backed an ETH price surge above $5K in the next bull peak. Despite a slow start, on-chain factors point upward for the altcoin leader. Institutional demand has spiked this year following Donald Trump’s inauguration and pro-crypto nominations. Clear-cut policies will shape the United States regulatory landscape, setting the tone for more gains.
Meme coin numbers swinging along the market will spur the traders into the cycle peak. However, analysts warn of quick short-term corrections that will sting traders. An example was the recent dip triggered by the launch of Chinese AI startup DeepSeek and its impact on U.S. tech stocks.
origin »Emerald Crypto (EMD) на Currencies.ru
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