Ethereum News Today: Ethereum Whales Accumulate $4.18B as Price Rebounds to $3,700 on Regulatory Clarity

Ethereum is demonstrating renewed resilience following a brief correction from its peak of $3,860. After dipping to the $3,500 level—a critical support zone—buying interest surged, enabling ETH to reclaim the $3,700 range. This price action reflects robust buyer demand, with on-chain data indicating aggressive accumulation by institutional players. Santiment’s analysis reveals that whales have been actively purchasing ETH during the pullback, a pattern historically associated with impending upward trends [1]. The swift recovery and sustained momentum above key moving averages further underscore Ethereum’s bullish structure.

The accumulation by large investors has intensified in recent weeks, with analyst Ali Martinez reporting that whales added over 1.13 million ETH (valued at $4.18 billion) in two weeks [2]. This surge in buying activity, one of the largest in recent months, signals growing confidence in Ethereum’s near-term prospects. The timing aligns with Ethereum’s consolidation near $3,700, a level that has become a focal point for both retail and institutional traders.

Technical indicators reinforce the narrative of strength. On the 4-hour chart, Ethereum remains above its 50, 100, and 200-period moving averages, with the 50-SMA at $3,648 acting as a dynamic support line. A breakout above $3,860 could open the door to further gains, while a failure to hold current levels might trigger a retest of $3,648. Volume has also increased slightly during consolidation, suggesting a potential buildup of buying pressure [1].

The bullish outlook is further bolstered by regulatory developments in the United States. The recent passage of the GENIUS Act and Clarity Act by Congress has provided much-needed legal clarity for decentralized finance (DeFi) platforms and digital assets. These legislative measures are expected to accelerate institutional adoption by reducing regulatory uncertainty, particularly for Ethereum-based projects. Combined with whale-driven accumulation, the evolving regulatory environment positions Ethereum to capitalize on broader market optimism as the second half of the year unfolds [1].

The convergence of strong on-chain demand, favorable technical patterns, and regulatory progress creates a compelling case for continued upside. However, market participants remain cautious about the durability of the current rebound. A sustained breakout above $3,860 and the 50-SMA will be critical tests of this bullish momentum.

Source: [1] [Ethereum Whales Accumulate Over $4.1B In ETH In Two Weeks – Details] [https://www.newsbtc.com/news/ethereum/ethereum-whales-accumulate-over-4-1b-in-eth-in-two-weeks-details/]