- Ethereum wallets holding over 10,000 ETH are rising again, with whales scooping up nearly $142 million worth in just hours.
- Despite big buys, indicators like the Chaikin Oscillator and MACD suggest uncertainty—momentum might be fading even as prices hold firm.
- ETH price is testing key resistance at $3,700–$3,800; a breakout could target $4,000+, but failure might lead to a drop toward $3,525 or lower support zones.
Ethereum’s biggest holders are creeping back in—and they’re not exactly being quiet about it. According to fresh on-chain data, there’s been a noticeable spike in wallets holding more than 10,000 ETH. That’s not just whales—it’s mega-whales. And when those guys start moving, people tend to pay attention.
Blockchain tracker Lookonchain flagged a couple of eyebrow-raising transactions in the past few hours. Together, they totaled nearly $142 million in fresh Ethereum buys. One brand-new wallet—tagged “0x86F9”—snagged a fat stack of 24,294 ETH (around $86.48 million), and the source? FalconX, a known institutional trading platform.
Not long after, another wallet, “0x40E9,” pulled in 15,627 ETH from Galaxy Digital’s OTC desk. That’s roughly $55.6 million. These aren’t your average crypto degens throwing money around—these are calculated, heavyweight plays. The kind that suggest someone sees something coming.
Buying Spree vs. Confusing Charts
Now, even with all this ETH moving around, the overall on-chain signals are still… fuzzy. The Chaikin Oscillator is showing a -1.96K readout, which usually implies capital outflows. So while some wallets are scooping up ETH by the truckload, others might be quietly heading for the exits.
Basically? We’re stuck in this weird middle ground—accumulation and distribution happening at the same time. Like everyone’s bullish, but also scared. It’s messy. And very crypto.
Also worth noting: there’s been some real pain lately for traders riding this rollercoaster. One infamous wallet, “0xcB92C,” was sitting on $11 million in unrealized gains… and let it slip right through their fingers. The trader ended up closing the position with a $1.7 million loss instead. This isn’t the first time either. That same wallet once watched $26 million in gains vanish, finishing with less than $1 million.
Ethereum Price Looks Strong—But Is It Really?
ETH is sitting at around $3,648, up about 6% on the day, and it’s knocking on the door of that psychological $3,700–$3,800 resistance zone. If it can close above that? We might see a run toward $4K.
The technicals aren’t all doom and gloom. Ethereum’s holding above its 9-day DEMA at $3,591, and all the big EMAs—from 20 to 200 days—are neatly lined up underneath, forming a kind of layered support. The RSI is at 59.36, still in comfy neutral-bullish territory, meaning ETH’s not overbought yet. So yeah, there’s still room to run.
But the MACD? It’s telling a different story. The MACD line has dipped under the signal line, and the histogram’s flashing a -62.88—which usually means bullish momentum is fading fast. So traders are watching closely: a daily close above $3,700 could confirm the uptrend, but anything less might see ETH sliding back toward $3,525 or lower support.
