Ethereum Whales Accumulate $870 M While ETH Eyes $5 K Resistance

Large Ethereum wallets are back in buying mode. On-chain data reveal over $870 million in new whale accumulation as ETH edges toward the critical $5 K resistance zone — a sign that conviction may be returning to long-term holders.

Renewed Whale Confidence

On-chain analytics confirm that Ethereum whales added more than 218,000 ETH (~US $870 million) within the past week, despite the token trading in a tight range near US $4,000.
This accumulation pattern coincides with the recovery of key exponential moving averages (EMAs) and shrinking exchange balances — classic early indicators of renewed demand.

Traders note that this behaviour mirrors accumulation phases seen before major breakouts, where whales buy into consolidation rather than chasing rallies. As macro sentiment stabilises and risk appetite returns, these quiet inflows could form the base of Ethereum’s next advance.

Technical Setup: The $5 K Barrier

Market analysts highlight that ETH has now reclaimed the $4,300 level and is testing resistance between $4,500 and $5,000.
Momentum indicators (RSI > 58) and positive funding rates show that leverage remains moderate — suggesting room for a sustained move higher.

In comparison to Bitcoin’s latest consolidation phase covered in Bitcoin Holds Above $111 K as CPI Looms — Macro Winds Shift the Narrative, Ethereum’s technicals appear slightly more constructive thanks to stronger on-chain velocity and lower sell-side pressure.

Should ETH clear $5 K decisively, traders project potential extensions toward $5.8 K–$6 K — levels last tested before the 2021 cycle top.

The Bigger Picture

For readers of Ethereum News, the renewed accumulation supports the thesis of institutional rotation into higher-beta Layer 1 assets.
It also aligns with broader liquidity patterns discussed in Bitcoin’s Institutional Pulse: BlackRock $73 M Buy Amid ETF Outflows, indicating that sophisticated investors are reallocating within crypto rather than exiting the space altogether.

Still, resistance near $5 K remains formidable. Macro headwinds — particularly U.S. Treasury yield volatility — could cap upside momentum unless liquidity expands into year-end.

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