- Ethereum has stayed above $4,000, gained 8% in the past week, and is showing strong growth potential.
- 104 wallets now control 57.35% of Ethereum’s supply, signaling long-term confidence.
- Ethereum’s Golden Cross suggests a potential price surge, with $11,000 possible by 2025.
Ethereum (ETH) is showing strong bullish momentum as it comfortably holds above the significant $4,000 mark. The latest market activity highlights Ethereum’s resilience and signals the potential for further growth. Over the past week, ETH has gained nearly 8%, reflecting investor confidence and broader bullish sentiment.
At the time of writing, ETH is trading at $4,002.30. The 24-hour trading volume surged to $62.57 billion, with the market capitalization reaching $482.05 billion, securing a market dominance of 12.79%. ETH’s price also increased by 1.02% in the last 24 hours, strengthening its position amid a recovering crypto market.
Ethereum Whale Accumulation on the Rise
According to data from Santiment, whale activity around Ethereum has intensified. There are currently 104 wallets holding at least 100,000 ETH, collectively controlling 57.35% of Ethereum’s total supply—equivalent to a staggering $333.1 billion. This marks a significant milestone, as whales now hold their highest-ever portion of Ethereum’s supply.
On the other hand, smaller wallet categories are showing contrasting trends. Wallets holding between 100–100,000 ETH have dropped to their lowest historical supply ratio at 33.46%. Meanwhile, wallets with less than 100 ETH now account for a nearly 4-year low of 9.19%.
While much of ETH’s supply is tied to DeFi and staking wallets, the increased concentration among large holders is generally viewed as a bullish signal. Historically, a rise in whale accumulation indicates long-term confidence in the asset, particularly for a well-established cryptocurrency like ETH, now over 9 years old.
Golden Cross Hints at a Massive Surge
Adding fuel to Ethereum’s bullish outlook is a technical development on its price chart. A Golden Cross—a bullish indicator where the 50-week moving average crosses above the 200-week moving average—has appeared once again.
The last time ETH witnessed this pattern was in early 2021; the price skyrocketed by 200% within just 10 weeks. If history repeats, analysts suggest ETH could climb to an impressive $11,000 by 2025.
The growing whale dominance, combined with technical signals like the Golden Cross, paints an optimistic picture for ETH’s long-term trajectory. Investors are now closely watching how ETH performs as it consolidates above $4,000. If momentum sustains, ETH could enter its next significant price rally, targeting new all-time highs.
Related | Ripple’s RLUSD Decoded: Why Early Prices Might Fool You
