ETH Faces Major Supply Shock: Whale Activity Signals Big Move

Ethereum whales are heavily accumulating while retail investors panic sell, signaling a strong bullish setup and a looming supply shock.

ETH is trading near key support at $1,800 with bullish divergence forming, potentially setting the stage for a surge toward $3,500 and beyond.

The BlackRock ETH ETF and increasing whale wallets suggest ETH could break past $10,000 amid strong institutional and staking demand.

On exchanges, Ethereum (ETH) has been seeing record-breaking activity, and more whales are amassing ETH, according to market expert Mr. Wall Street. Many Ethereum coins are being removed from exchanges and transferred to cold wallets for staking at the same time

This reflects growing investor confidence in ETH’s future price action. Whales and smart money appear to be positioning themselves for a major market shift. Retail investors, however, are panic selling, a situation that is being leveraged by whales to buy at lower levels.

Source: Mr. Wall Street

Whale Accumulation: A Strong Indicator of Market Movement

The number of wallets holding large amounts of ETH is at an all-time high. Recently, wallets containing over 1,000 ETH reached a new record. Furthermore, wallets holding over 10,000 ETH also saw a significant spike. This accumulation pattern is a strong signal that large investors are preparing for a substantial move

With the current market dip, these whales are accumulating aggressively, betting on the future of Ethereum. The 2017 FOMO wave, when the price of ETH jumped from $100 to $200, is mirrored in these behaviors. The whales are preparing for the impending supply shock, though, by putting themselves in an early position this time.

ETH’s Path to $3,500 and Beyond

At the moment, Ethereum is trading at levels of historical support. Consequently, on the daily period, a huge bullish divergence is developing. The ongoing ETF swings and the upcoming supply shock could cause the price of ETH to increase from $1,800 to $3,500 in the near future. Since it is the primary goal for many analysts, it will be important to keep an eye on this level. ETH might rise to $5,500 to $7,000 in the middle term. Finally, it is anticipated that ETH will rise above $10,000, indicating a rapid and forceful bull run.

The BlackRock ETH ETF (ETHA) at $13 per share has the potential to provide a boost to the price of ETH. The CME gap at $25 per share suggests a potential 92% increase in the price of ETH on the basis of the performance of the ETF. So, it can be clearly seen that ETH is in a bull run. Those investors who are interested in accumulating now will certainly receive returns as the price of ETH crosses $3,500 with more to follow.

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