.png){kind=logo}
Ethereum (ETH) is demonstrating accumulation once again as the so-called whales, that is, large holders, are still increasing their balances, and the token is around the $4,000 threshold. The data shared by the analyst Crypto Rover on X (formerly Twitter) shows a noticeable rise in the number of addresses holding between 10,000 and 100,000 ETH, a strong signal of institutional buying.
The new graph from Alphractal indicates a significant upturn in Ethereum accumulation by giant whales, along with a rise in the address supply bands. Since the beginning of October 2025, wallets holding between 10,000 and 100,000 ETH have been increasing rapidly, which is interpreted as consistent buying pressure from whales amid market indecision.
The chart’s green zone, which tracks large wallet balances, has risen alongside Ethereum’s price line, marked in black. The two curves move in near unison, suggesting that buying from deep-pocketed investors is contributing to recent price stability. A red box and arrow highlight the moment when accumulation accelerated just after ETH recovered above $1,000, signaling renewed confidence among major holders.
At the same time, on-chain activity indicates that liquidity is flowing back into Ethereum, while exchange reserves continue to decline - a setup that often precedes a bullish phase. Analyst Crypto Rover, who shared the chart on X, wrote, “WHALES ARE BUYING LOTS OF $ETH.” His post reflects the growing attention around large-scale accumulation taking place quietly across the network.
Ethereum is still range-bound technically. The latest TradingView chart shows the price bounded by $3746 and $4250, with a clear band of support and resistance. As per Fibonacci retracement, the levels correspond to the 0.236 ($3746) and 0.618 ($4250) retracement areas based on the latest swing.
Currently, ETH is trading near $4000, specifically in between the 0.382 ($3939) and 0.5 ($4095) lines, where these shades of grey usually act as holding patterns for the market to ponder their subsequent decision to either break out of the holding zone or back to the usual act of the past few weeks so far.
Overall, momentum is neutral here, as the RSI reads 47.72 and the nearby signal is 44.56, indicating neither buyers nor sellers are in control at the moment. Traders are hunting to see if ETH clears the $4250 resistance or falls back below the support at $3746.
A confirmed back above $4250, the token will initially target a run to at least $4470 (where resistance is possible) and potentially set up a test of $4755. If price moves negative against prior price action, it could reach as low as $3435 to the downside.
Overall, when looking at the big picture, you need to consider one key question: Will enough whale accumulation spark the next rally for Ethereum? Considering large wallets adding and balances on exchanges are lower, the setup is there for Ethereum to break out of the narrow range and make the jump above $4000.
Ethereum’s price remains steady around $4,000 as whales continue to accumulate large amounts of ETH. With key Fibonacci levels defining its next move, traders should monitor on-chain data and resistance points for signals of a potential breakout or correction.
Related: Bitcoin Price Slides to $112,798, Ethereum and Solana Lead 3% Market Drop
