Ethereum News Today: Ethereum Whales Accumulate 1.80 Million ETH as Price Rises 3.2% on Bullish Technical Breakout

Ethereum is currently undergoing a significant accumulation phase driven by increased whale activity and favorable technical indicators, according to recent market analysis. Over the past 30 days, whale accounts have added approximately 1.80 million ETH to their holdings, reflecting growing confidence among institutional and long-term investors in the second-largest cryptocurrency by market capitalization [2]. This accumulation is being seen as a potential precursor to a meaningful price rally, particularly as Ethereum’s price has recently rebounded above the $3,850 level following a minor correction [2].

Technical analysis from market observers highlights a key development: Ethereum has broken out of a long-term triangle pattern, a move that analysts view as a bullish sign pointing toward a potential ascent toward $4,000 [1]. In conjunction with the price breakout, Ethereum’s exchange balances have fallen to 18.8 million ETH—the lowest in recent months—suggesting reduced selling pressure and increased retention by long-term holders [3]. These on-chain trends support the view that Ethereum is being accumulated ahead of a potential upward move.

Market observers also note that only 15% of Ethereum’s total supply is currently available for trading, which may help limit downward pressure and support price increases in the coming months [4]. Additionally, the ETH/BTC ratio has approached key resistance levels, signaling a shift in market dynamics that could favor altcoins, including Ethereum [6].

Analysts have provided varied forecasts for Ethereum’s price movement. One prediction from late July 2025 suggests that Ethereum could break above $4,000, especially if it maintains key resistance levels [1]. Another forecast anticipates a range-bound movement between $3,300 and $3,400 by October 2025, with expectations for stronger performance in the fourth quarter [5]. While short-term volatility is possible, these projections reinforce the idea that Ethereum is entering a critical accumulation phase.

The potential for Ethereum’s price to rise is further supported by historical correlations with Bitcoin’s network growth. According to the founders of Glassnode, Jan Happel and Yann Alleman, a rapid increase in Bitcoin’s network size has historically coincided with significant Ethereum price gains, including a notable 100% increase following a similar pattern in April [1]. This historical context has led some investors to view current developments with optimism.

At the time of analysis, Ethereum was trading at $3,955, having increased by 3.2% in the past 24 hours, a movement that seems to align with the analysts’ expectations [1]. Given these on-chain and technical developments, investors are being advised to closely monitor key price levels and volume trends to assess the sustainability of the current bullish momentum.

Source:

[1] Ethereum 4-year chart broke out, but confirmation required weekly close resistance (https://www.ainvest.com/news/ethereum-4-year-chart-broke-confirmation-required-weekly-close-resistance-2508/)

[2] Ethereum Whales Add 1.80 Million ETH In 30 Days (https://www.mitrade.com/insights/news/live-news/article-3-1025062-20250808)

[3] Ethereum Exchange Balances Decline To 18.8M ETH (https://www.mitrade.com/insights/news/live-news/article-3-1026245-20250809)

[4] Ethereum (ETH) Slumps Below $3800, Investors Pivot to ... (https://coinpedia.org/press-release/ethereum-eth-slumps-below-3800-investors-pivot-to-utility-focused-coins/)

[5] Ethereum Price Prediction: ETH Price in 2025,2026,2027 (https://coindcx.com/blog/price-predictions/ethereum-price-weekly/)

[6] Ethereum Gains Ground as ETH/BTC Ratio Approaches ... (https://yellow.com/news/ethereum-gains-ground-as-ethbtc-ratio-approaches-003059-resistance-level)