{"id":17020,"date":"2025-03-10T14:01:58","date_gmt":"2025-03-10T14:01:58","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17020"},"modified":"2025-03-10T14:01:58","modified_gmt":"2025-03-10T14:01:58","slug":"1-1m-in-eth-what-are-ethereum-whales-preparing-for","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17020","title":{"rendered":"1.1M in ETH: What Are Ethereum Whales Preparing For?"},"content":{"rendered":"
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Ethereum (ETH) continues to struggle as its price remains in a steep decline amidst a broader market drawdown. The leading altcoin has dropped by more than 48% from its mid-December 2024 high above $4,000 to a current value of $2,068.<\/p>\n

While prices trend downward, significant accumulation by whales points to a contrasting sentiment building in the background.<\/p>\n

Whales Accumulate, Exchange Drain<\/h2>\n

According to data<\/a> from Santiment, Ethereum whales have accumulated 1.10 million ETH in the past 48 hours, which accounted for nearly 0.92% of the total circulating supply of 120 million ETH. This significant accumulation signals a potential shift in the market, even as the price remains under pressure.<\/p>\n

Historically, similar whale activity has led to notable price swings, as seen in January 2025, when the purchase of 330,000 ETH triggered a brief rally.<\/p>\n

Supporting this accumulation narrative, Intotheblock revealed<\/a> that $1.8 billion worth of ETH was withdrawn from exchanges last week \u2013 marking the largest weekly outflow since December 2022. Such significant withdrawals often indicate long-term holding strategies rather than immediate selling intentions.<\/p>\n

Nevertheless, the broader market sentiment stays cautious as Ethereum continues to face stiff resistance and struggles to regain bullish momentum. The current divergence between price action and whale behavior<\/a> could indicate that investors are positioning for a potential rebound despite short-term uncertainty.<\/p>\n

The ongoing slump in digital asset prices is taking a toll on high-profile investors. For instance, US President Donald Trump-backed World Liberty Financial is facing significant losses, with its cryptocurrency portfolio down $110 million from an initial investment of $336 million, according to data<\/a> from Arkham Intelligence.<\/p>\n

Although the firm holds nine different cryptocurrencies, Ethereum accounts for 65% of the total loss, which makes it the largest contributor to the decline.<\/p>\n

Speculation of Rebound<\/h2>\n

Crypto analyst Merlijn The Trader said<\/a> that Ethereum appears to be mirroring its 2016 price pattern, which has raised speculation about a potential repeat of its historic rally. While observing the long-term chart, he pointed out that ETH has followed a similar structure to its previous cycle, including a sharp correction and a consolidation phase.<\/p>\n

As such, the recent price dip may represent the \u201cfake-out\u201d stage \u2013 a period of market uncertainty and false breakdowns \u2013 that preceded Ethereum\u2019s explosive move in the past. If this pattern holds, the altcoin could be poised for a significant breakout in the coming months.<\/p>\n

The post 1.1M in ETH: What Are Ethereum Whales Preparing For?<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ethereum (ETH) continues to struggle as its price remains in a steep decline amidst a broader market drawdown. The leading altcoin has dropped by more than 48% from its mid-December 2024 high above $4,000 to a current value of $2,068. While prices trend downward, significant accumulation by whales points to a contrasting sentiment building in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-17020","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17020"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17020\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}