Ethereum News Today: Whale Moves and Divergence Signal September Ethereum Rebound

Ethereum has shown signs of a potential price peak in September, a historically weak month for the cryptocurrency. Despite the bearish reputation, several bullish indicators suggest a reversal could be on the horizon. According to data from Santiment, whale holders with 1,000 to 100,000 ETH have increased their holdings by 14% over the past five months, a trend that began as the token traded near yearly lows in April [1]. This accumulation suggests growing confidence in Ethereum's future price movement.

Whale activity has typically been viewed as a key indicator of market sentiment. As these large investors continue to accumulate, it signals a belief in upward price potential. This is further reinforced by the fact that Ethereum’s price has surged over 197% from its April low of $1,472 to $4,376 [1]. The movement has been attributed in part to increasing ETF inflows and growing interest in Ethereum treasuries, with major firms such as BitMine and Sharplink Gaming now holding significant portions of the total supply [1].

The trend of whale accumulation coincides with a broader shift in institutional interest in Ethereum. On-chain data shows $9.9 billion in netflows to the Ethereum chain over the past three months and $6.7 billion in stablecoin inflows within the last week [3]. These metrics indicate a strengthening ecosystem and growing institutional adoption, which are key drivers for long-term price appreciation.

Technical indicators also support a potential price reversal. A hidden bullish divergence on Ethereum’s daily price chart, where the price made a higher low while the RSI formed a lower low, suggests that sellers are losing momentum [4]. This divergence, when combined with the strong whale accumulation, strengthens the case for an upward move. Traders are closely watching key resistance levels, with $4,672 and $4,958 as potential targets [4]. However, any bullish momentum could be invalidated if the price breaks below $4,210, a critical support level [4].

September’s historical performance for Ethereum has been mixed, with median returns showing losses of over 12% [4]. However, this year’s September appears to be bucking the trend. While the opening week saw pressure from ETF outflows, recent whale activity and technical indicators point to a possible reversal. The Net Unrealized Profit/Loss (NUPL) metric for short-term holders has dropped to 0.21, historically a signal that weak hands are exiting the market [4]. This trend, combined with whale accumulation, creates a favorable environment for a price rebound.

Despite the bullish signals, the market remains cautious. The ETH/BTC ratio has declined slightly over the past seven days, and some institutions have shifted their focus back to Bitcoin [1]. Additionally, recent Ethereum ETF inflows have seen a dip in the last three days, raising concerns about short-term volatility [3]. Nevertheless, long-term fundamentals remain robust, supported by Ethereum's strengthening role in DeFi and real-world asset (RWA) tokenization [5].

Source: [1] ETH Whales Stack 14% More Coins Since April Low (https://cointelegraph.com/news/ether-whales-accumulation-eth-price-surge-lows) [2] Ethereum Whales Boost Holdings by 14% in 5 Months as ... (https://cryptopotato.com/ethereum-whales-boost-holdings-by-14-in-5-months-as-price-targets-4500) [3] Ethereum Whales Stacking ETH, Hinting at Further Upside (https://finance.yahoo.com/news/ethereum-whales-stacking-eth-hinting-114954931.html) [4] 3 Reasons Ethereum Price Could Test New Highs Soon (https://beincrypto.com/ethereum-price-new-all-time-high-3-reasons/) [5] What to Expect From Ethereum in September (https://www.mitrade.com/insights/news/live-news/article-3-1082874-20250831)