Ethereum price prediction as whales scoop 800k ETH in a week
Ethereum (ETH) whales are on a buying spree, signaling renewed confidence in the asset amid ongoing short-term bullish sentiment. Specifically, this class of investors has accumulated about 800,000 ETH in the past week. Wallets holding between 10,000 and 100,000 ETH have steadily increased their positions over the period, according to data shared by Santiment on October 5. ETH whale transaction. Source: Santiment Historically, such aggressive accumulation phases often coincide with the early stages of broader rallies, as institutional and high-net-worth investors tend to position ahead of retail market participation. Notably, while the whale accumulation climbed through late September into early October, Ethereum’s price followed suit, breaking out of its consolidation range. This suggests whales are buying dips, establishing a strong demand floor that could limit short-term downside risk. To gauge how the asset might react to these whale accumulatio...
