Major Ethereum investors holding at least 10,000 ETH have significantly increased their collective positions, accumulating 41.06 million ETH—a 9.31% rise from October levels when holdings stood at 37.56 million ETH. This accumulation now exceeds thresholds observed before Ethereum’s 2022 bull run, suggesting strong strategic positioning by institutional-scale investors.
Historical patterns reinforce bullish sentiment, as comparable whale accumulation preceded substantial price appreciation. During the November 2020 to January 2021 period, a 4% increase in whale holdings coincided with ETH prices surging from $460 to $1,220—demonstrating whales’ potential market influence during accumulation phases.
Market analysts highlight the $2,500 to $2,536 range as a critical support zone, with over 3.45 million ETH concentrated at this price level. The whale activity reflects renewed confidence in Ethereum’s fundamentals and suggests these large holders anticipate upward price momentum despite prevailing market conditions.