Ethereum’s price has been underperforming, but behind the scenes, whales are making significant moves. Over the past 48 hours, ETH whales have acquired 1.10 million ETH, raising speculation about an impending market shift.
With Ethereum’s total circulating supply at 120 million ETH, this purchase represents nearly 0.92% of all ETH in circulation.
Ethereum whales have acquired 1.10 million ETH in just 48 hours, fueling speculation about a potential breakout.
Despite this accumulation, ETH remains under pressure, trading at $2,195. This divergence between whale activity and price action has sparked debate: are whales betting on a long-term price surge, or is this simply strategic positioning amid market volatility?
Historically, large-scale whale accumulation has preceded major price movements. In January 2025, whales purchased 330,000 ETH in a single week, driving a temporary rally. However, the current market sentiment remains cautious, with Ethereum struggling to break key resistance levels.
ETH’s Price Action: Bulls Struggle to Gain Momentum
Even with whale buying pressure, Ethereum remains in a downtrend. The price is below the 50-day EMA ($2,234), facing significant resistance at $2,228. A breakout above this level could shift momentum, but until then, downside risks remain.
Technical indicators also support a bearish outlook:
Relative Strength Index (RSI): 37, nearing oversold territory.
Descending Trendline: ETH must break $2,228 to regain bullish momentum.
If Ethereum fails to hold above $2,000, a retest of $1,989 or even $1,864 could follow. On the upside, ETH needs to clear $2,393 to invalidate the downtrend.
Ethereum’s price action coincides with key developments in the crypto industry. On March 2, 2025, former U.S. President Donald Trump announced the creation of a U.S. Strategic Crypto Reserve, which includes Ethereum.
This initially fueled optimism, but market sentiment cooled after it was revealed that the reserve would only hold seized crypto assets, not new acquisitions.
Additionally, the White House Crypto Summit on March 7, 2025, sparked discussions about potential Ethereum ETF approvals, adding another layer of speculation.
Ethereum currently dominates the stablecoin market with a 56% share, reinforcing its long-term value proposition despite short-term uncertainty.
Conclusion: Ethereum remains under bearish pressure, with $2,228 serving as a major hurdle. If ETH fails to break this level, a drop toward $1,989 and $1,864 remains likely. However, if bulls reclaim $2,228–$2,234, Ethereum could target $2,393 in the short term.
Best Wallet Token ($BEST): Secure Crypto Management & High-Yield Staking
Best Wallet Token ($BEST) powers Best Wallet, an all-in-one crypto management platform for secure storage, trading, and staking. Available on Google Play and the App Store, it offers real-time investment insights and seamless staking, making it a go-to choice for crypto users.
Why Best Wallet Stands Out
Early Access to New Projects – Invest in tokens before they hit major exchanges.
Top-Tier Security – Built on Fireblocks’ MPC-CMP framework for maximum protection.
Extensive Crypto Support – Over 1,000 cryptocurrencies supported.
New Update (v2.4.5) – Users can now claim tokens directly in-app.
$BEST Token Highlights
High-Yield Staking – Earn 146% APY on staked $BEST.
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.
By Nermeen Nabil Khear 
