The majority of ETH price falls are caused by Ethereum whales taking a lot of tokens out of Binance with the hope of a swift comeback to $4K.
When the price of Ethereum dropped all the way to $3,100, Ethereum whales became active once more.
Despite recent turbulence, the large withdrawals from the cryptocurrency exchange Binance demonstrate that major players are optimistic about ETH’s potential ascent.
This creates the conditions for a swift return to $4,000, which has been a formidable barrier.
Analysts predict that as soon as ETH crosses $4,000, it will quickly reach new all-time highs above $5,000.
Ethereum Whales Become Active, Purchasing Dips
Following yesterday’s crypto market crisis, there was a brief bounce during which Ethereum Whales accumulated a sizable amount of Ethereum (ETH) despite the current price declines.
According to blockchain analytics company Lookonchain, ten freshly made wallets took out 17,698 ETH from Binance in total, which is worth about $61.66 million.
The Ethereum whales’ activity shows that big investors are once again interested in the market and seem to be taking advantage of its recovery momentum.
In contrast, Donald Trump’s DeFi Project World Liberty Financial has resumed its ETH buying binge, purchasing an extra 759 ETH for a total of 2.5 million USDC stablecoin.
World Liberty has so far acquired 9,587 ETH for a total of $35 million, with an average acquisition price of $3,651 per ETH.
The entity’s unrealized loss on ETH holdings has decreased to $3.4 million despite market volatility, indicating a closing gap as prices rise.
The good news is that institutional investors came in to buy the dips, and spot Ethereum ETF inflows also resumed on Friday.
Price Of ETH Return To $4,000 Soon?
Amid the Ethereum whale buildup, the price of ETH fell as low as $3098 on Friday before rising once more.
With a daily trading volume of over $61 billion, the price of Ethereum Whales is currently trading at $3,480 levels.
Amid the present market volatility, 24-hour liquidations have increased to $170 million, according to Coinglass data.
Ethereum’s current immediate resistance is $3,500, which it may overcome to reach $4,000.
Despite the recent volatility in ETH, observers in the cryptocurrency sector are still optimistic.
Crypto Patel, a market analyst, believes that the price of ETH will rise to between $8,000 and $10,000. He wrote:
“I’m buying every $ETH dip, no matter how much it drops. Just holding strong and stacking up. Ethereum hasn’t hit its new all-time high yet, but it’s only a matter of time. Staying patient and ready for the rise! Still telling you my ETH Target is $8000-$10k”.
With the help of whale purchasing, Ethereum is still on course to reach new all-time highs in 2025, according to a venture founder and cryptocurrency expert.
The expert pointed out notable parallels between the current four-year cycle (2021–2024) and the preceding one (2016–2020).
The data shows that Ethereum’s performance in the year after a Bitcoin halving, like 2017 and 2021, has historically indicated notable growth stages.
The venture founder previously stated that the price of ETH should reach over $15,000 by May 2025.
