Ethereum Whales Make Bold Moves… Is a Price Reversal Imminent?

Ethereum has seen a significant increase in whale accumulation, particularly among wallets holding between 100,000 and 1,000,000 ETH. This trend has emerged over the last few days, raising questions about the potential for a price rebound as large holders have accumulated over 420,000 ETH recently. As of March 16, 2025, Ethereum’s price was $1,929, reflecting a modest gain of 0.94% in the past 24 hours.

Recent data from Santiment indicates that the number of large ETH holders has risen sharply, accumulating a total of 19.59 million ETH. This accumulation trend suggests a potential shift in market sentiment among significant players, as historically, such behavior often precedes price recoveries. However, despite this accumulation, Ethereum’s price has struggled to gain momentum, remaining below crucial resistance levels.

As of now, Ethereum’s price action shows it trading at $1,929, with the 50-day and 200-day moving averages at $2,299 and $3,006, respectively. The Accumulation/Distribution (A/D) metric has increased, indicating that buyers are entering the market, but the Absolute Price Oscillator (APO) remains negative at -81.75. This suggests that Ethereum has yet to build sufficient momentum for a strong recovery.

For a significant price recovery to occur, whale accumulation must be accompanied by increased network activity and broader market optimism. If Ethereum can break above the $2,000 resistance zone, it may pave the way for a more robust upward trend. Conversely, failure to maintain current levels could lead to further declines towards $1,850 or lower.

In summary, while Ethereum’s whale accumulation reflects confidence among large holders, the price has not yet shown a clear bullish trend. Traders should monitor key resistance levels and overall market sentiment to assess Ethereum’s potential movements in the near future.