Ethereum News Today: Ethereum Surges 180-Day Contract High as Whale Accumulation Rises 457.68%

Ethereum is showing signs of renewed momentum as it records a historic surge in smart contract deployment and sees a sharp uptick in whale accumulation. These indicators suggest potential for sustained gains despite a generally cautious market environment. The 180-day moving average of new smart contracts has reached an all-time high, a figure that surpasses previous peaks from 2021 and 2022, signaling a vibrant and growing developer ecosystem [1]. This development underscores Ethereum’s continued dominance in blockchain innovation and adoption [2].

On-chain data reveals aggressive accumulation by large holders, with whale netflow increasing by 36.57% over the past week and surging by 457.68% over the last 30 days [1]. Such a sharp rise often signals institutional or high-net-worth investors building positions ahead of potential market moves. While custodial inflows can sometimes precede selling activity, the sustained nature of this accumulation suggests a more constructive outlook for ETH’s price trajectory [3].

Despite these bullish signals, the market remains balanced, with the Long/Short Ratio nearly split at 50.44% for long positions and 49.56% for shorts. This equilibrium reflects a degree of caution among traders, who appear hesitant to make large directional bets [1]. However, a breakout in either direction could rapidly shift sentiment and lead to increased volatility.

Meanwhile, exchange inflows have exceeded outflows, with $21.56 million recently moving into exchanges. This trend is often interpreted as profit-taking following price gains [1]. That said, Ethereum’s strong fundamentals—driven by robust developer activity and whale demand—could help offset some of this selling pressure. Whether these inflows result in immediate distribution or long-term holding will be key to determining short-term price direction [2].

Taken together, Ethereum’s record contract deployment and whale behavior suggest a market that is both active and strategically positioned. While short-term selling pressure exists, the broader structural indicators remain positive. The challenge for ETH will be to maintain upward momentum amid this mixed environment, particularly as developers and large holders continue to shape market dynamics [3].

Sources:

[1] Ethereum’s Record Contract Deployment and Whale Accumulation Suggest Potential for Sustained Gains Amid Market Caution (https://en.coinotag.com/ethereums-record-contract-deployment-and-whale-accumulation-suggest-potential-for-sustained-gains-amid-market-caution/)