Ethereum whales fuel $188M inflows – Hopes of $4K rise
Ethereum [ETH] is making waves once again, as whale activity surges, with large holders accumulating millions of dollars’ worth of ETH.
In just two days, Ethereum whales have added approximately $188 million to their holdings, signaling a potential shift in market sentiment.
This surge in whale buying, combined with growing retail interest, has led to speculation that Ethereum could be on track to break key price levels, with $4,000 now in sight.
As the cryptocurrency market braces for what’s next, all eyes are on Ethereum’s price action and whether it can sustain this bullish momentum.
Ethereum whales netflow signals a shift in market behavior
Recent data revealed a significant uptick in Ethereum’s whale netflow, with large holders accumulating over 111,000 ETH ($188 million) in just two days.
The netflow chart showcased a sharp influx on the 24th of November, followed by a gradual decline, reflecting a strategic accumulation phase.
Interestingly, this surge coincides with ETH reclaiming the $3,600 level, suggesting whales are betting on further upside.
Positive netflows typically indicate growing confidence among institutional and high-net-worth investors, often preceding bullish price action.
However, sustained inflows will be critical to maintaining this momentum, particularly as Ethereum approaches the psychologically significant $4,000 resistance