- Whale addresses holding 100K–1M ETH show increased strategic accumulation.
- Vitalik warns ETH treasuries could become risky if overleveraged.
- ETH faces multi-year resistance zone that caused repeated price drops.
Ethereum has seen a marked increase in whale accumulation over the past month. Ali Martinez’s data shows that Ethereum whales have added over 1.80 million ETH to their holdings within the past 30 days.
Meanwhile, Santiment’s recent data focuses on addresses holding between 100,000 and 1,000,000 ETH. This group has significantly increased its accumulation, closely tracking Ethereum’s price movements.
The chart accompanying the data shows that this accumulation aligns with ETH’s rise past $3,700. This suggests strategic buying behavior from large holders during both dips and upward moves.
The data highlights a consistent upward trend in both whale holdings and ETH price, indicating strong bullish sentiment from major investors.
Vitalik Buterin Comments on ETH Treasuries
Ethereum co-founder Vitalik Buterin recently appeared on the Bankless podcast and discussed the use of ETH in corporate treasuries.
He noted that ETH becoming part of company treasuries is a positive development. “ETH just being an asset that companies can have as part of their treasury is good and valuable,” Buterin said.
However, he issued a warning about possible risks. He expressed concern that excessive leverage could lead to problems.
“If you woke me up 3 years from now and told me that treasuries led to the downfall of ETH… my guess would be that they turned into an overleveraged game,” he added.
Buterin’s comments highlight both the potential benefits and risks tied to this growing trend.
Ethereum Approaches Long-Term Resistance Level
Crypto analyst Satoshi Stacker noted that Ethereum is testing a critical resistance level it has failed to break through for over four years. He explained that ETH has faced rejection at this level six times in the past 4.5 years.
Each rejection led to corrections between 30% and 75%. The only exception occurred when Ethereum broke through and set its all-time high.
At press time, Ethereum is trading at nearly $3,900. To maintain its upward trajectory, it must surpass this zone. The chart presented shows this resistance level as a key turning point.
If bulls can break through, it could mark the start of a new bullish phase. Based on historical patterns, a failure to do so could result in another steep correction.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
