Ethereum Whales Accumulate Billions, Setting Stage for Potential Breakout

Despite Ethereum’s relatively stagnant price this week, a massive accumulation by large holders has taken place. A single 24-hour period saw them add $4 billion worth of tokens to their holdings – a significant sign that institutional investors are positioning for future gains. This acquisition raises the critical question: Will Ethereum break past the $4,620 resistance level and signal a sustained rally or will it retreat further? 870,000 ETH was accumulated in this period alone, driving total holdings from 99.34 million to 100.21 million tokens – a notable spike in whale activity.