Ethereum News Today: Ethereum Whale Accumulates $300M ETH As Price Stabilizes Above $4,200 Support

Ethereum has shown signs of stabilization above the $4,200 level, following a period of sharp volatility and heavy selling pressure. The recent pullback has pushed ETH from local highs near $4,800, prompting buyers to defend key support zones. Emerging onchain activity suggests that momentum is beginning to shift back in favor of bulls, as selling pressure wanes and accumulation patterns reappear [1].

A major Ethereum whale has executed a large onchain transaction, accumulating a long position of $300 million in ETH, marking one of the most significant single bets in recent weeks. According to Arkham Intelligence, the whale, identified as address 0x2eA, longed the assets across three separate accounts on Hyperliquid, with liquidation prices set between $3,699 and $3,732 [2]. The aggressive positioning indicates strong conviction that Ethereum's recent correction may have already hit a bottom. This kind of large-scale accumulation by a single entity is often seen as a sign of confidence and can act as a catalyst for renewed market strength.

The whale’s move aligns with broader institutional interest in Ethereum. Companies such as Sharplink Gaming and Bitmine have recently adjusted their treasury strategies to include Ethereum allocations, reinforcing the asset’s growing appeal as a strategic reserve. This trend, combined with the whale’s large position, highlights increasing demand for ETH at current levels [1].

On the technical front, Ethereum’s weekly chart reveals a sharp surge followed by a pullback, with the asset now consolidating around the $4,200 support level. The 50-week and 100-week moving averages remain sloping upward, supporting the broader bullish trend. Meanwhile, the 200-week moving average lingers far below at $2,443, underscoring the extended nature of the recent rally. If ETH manages to stabilize above $4,200, it could attempt another push toward the $4,800–$5,000 resistance zone [2].

Analysts remain cautious, noting that while whale activity is an important indicator, it should not be viewed as a definitive market signal. A range of factors—including macroeconomic conditions and regulatory developments—continue to influence Ethereum’s trajectory. However, the timing and scale of this large onchain transaction suggest that some major investors are seeing value in the asset at current levels [1].

The coming days will be critical for Ethereum, as the market watches for signs of a sustained bullish move. If the whale’s position holds and ETH continues to consolidate above key support levels, it could signal the start of a new upward phase. For now, the market remains in a holding pattern, waiting for confirmation of whether this accumulation marks a turning point or a temporary rebound.

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Source:

[1] Mitrade – Whale Loads Up $300M Ethereum Onchain: Did He Just Catch The Bottom?

(https://www.mitrade.com/au/insights/news/live-news/article-3-1059819-20250822)

[2] TronWeekly – Ethereum Whale Goes All-In With $282M Long Position As ...

(https://www.tronweekly.com/ethereum-whale-goes-all-in-with-282m-long-position-as-eth-eyes-new-all-time-high/)