Ethereum Whales Boost Holdings by 3.72% Amid Retail Profit-Taking

Over the past 30 days, Ethereum whale wallets have accumulated 1.49 million ETH, increasing their holdings by 3.72%. This accumulation occurred as retail investors chose to take profits amidst market volatility. Wallets holding between 1,000 and 100,000 ETH now control nearly 27% of the total supply, demonstrating strong confidence in Ethereum despite its price drop from $4,137 to $2,651.

This strategic accumulation by whales during price dips signals a long-term institutional belief in Ethereum’s fundamentals and market resilience. The current price levels, hovering around $2,651, indicate ongoing volatility. However, these whale wallets, which collectively hold over 42.04 million ETH, have shown unwavering confidence even as Ethereum’s price fluctuated, reaching lows of approximately $1,378 during the year.

Technical patterns reveal significant shifts in Ethereum’s price structure. The asset has tested the $2,400–$2,800 support and resistance range multiple times, with these levels now holding technical significance due to consistent price reactions. Volume patterns also confirm buying interest during consolidation phases, indicating that investors responded to price dips with strategic accumulation, further solidifying confidence in Ethereum’s fundamentals.

In contrast, retail investors displayed uncertainty, with their trading activity lacking consistency. This resulted in missed opportunities that were captured by larger wallets. While smaller holders trimmed their exposure during market drops, institutional entities took advantage, leading to diverging outcomes. This behavioral gap highlights the evolving maturity of the market, with institutional wallets playing a key role in shaping price trends and providing underlying market strength beyond visible price action.

The increase in whale wallet holdings underscores growing institutional interest in Ethereum. These addresses are seen as long-term assets despite short-term volatility. As Ethereum continues to consolidate, strategic accumulation persists, reflecting smart money behavior and signaling confidence even in unpredictable conditions. This trend could influence upcoming Ethereum price action, with sustained buying from these key wallets potentially laying the groundwork for Ethereum’s next bullish leg.