Ethereum Whales Accumulate 1.1 Million ETH in 48 Hours Amid Market Uncertainty

Ethereum whales have recently accumulated 1.10 million ETH within a span of 48 hours, sparking significant speculation about potential market movements. This substantial acquisition represents nearly 0.92% of Ethereum’s current circulating supply of approximately 120 million ETH, indicating a strong commitment from major investors despite the asset’s ongoing price struggles.

The behavior of these whales raises questions about their potential foresight of upcoming market developments. Historically, such strategic accumulation by institutions and high-net-worth individuals has often preceded market shifts. This pattern of whale accumulation is not an isolated event; in January 2025, large holders acquired over 330,000 ETH, translating to more than $1 billion worth, in just one week. This consistent strategy among these investors suggests a long-term value perspective.

The recent buildup aligns with Ethereum’s sluggish performance as the asset struggles to reclaim lost ground in early 2025. This effort by whales might also hint at anticipation of a broader market reversal prior to visible momentum shifts. In recent months, Ethereum has witnessed considerable whale accumulation, with major investors banding together to purchase substantial amounts. Given Ethereum’s circulating supply of around 120 million ETH, these large-scale acquisitions reflect optimistic investor sentiment about Ethereum’s potential.

This confidence persists despite Ethereum’s underperformance compared to Bitcoin, highlighting a divergence in sentiment. The uptick in whale activity has coincided with key developments in the crypto world, notably the announcement of a strategic U.S. crypto reserve. This has invigorated investor interest significantly. Additionally, the upcoming White House Crypto Summit has escalated market activity, as stakeholders hope for favorable regulatory announcements that could bolster Ethereum’s market position.

Ethereum’s dominance in the stablecoin arena—holding a substantial 56% of the total stablecoin value—further underscores its critical role in the crypto ecosystem. Despite the notable whale accumulation, Ethereum’s recent price performance has been lackluster. As of the latest updates, ETH is trading at $2,195, indicating a stark absence of bullish momentum in the current market. The RSI (Relative Strength Index) stands at 37.32, approaching oversold levels, which suggests weak buying interest among investors, contributing to overall bearish sentiment.

Moreover, the MAC