• Four whales jointly accumulated $234 million worth of Ethereum. 
• The price of ETH enters another retest phase. 
• Analyst says ETH indicators are still bullish for now.

The pioneer altcoin asset, Ethereum (ETH), is once again trading in the lower $4,500 price range, giving ETH whales another opportune moment to accumulate more of their favorite and promising altcoin asset. To highlight, four whales jointly accumulated $234 million worth of Ethereum (ETH) today. Around the same time, the price of ETH trades above its breakout line and is currently in a retesting phase. 

Four Whales Jointly Accumulated $234 Million Worth of Ethereum 

Ever since the Q1 2025 correction phase, whales, institutions, and treasuries have been consistently accumulating more and more ETH at a steady and aggressive pace. During this phase, the price of ETH dipped as low as $1,700, allowing ETH price to set a bottom. Following this, the next quarter and a half saw the price of ETH run in a steady pace to reclaim higher prices. 

Eventually the price of ETH went from trading from $2,700 to $3,700, until it finally broke past the $4,000 and $4,100 resistance barriers to hit a new ATH price in the $4,900 price range, just above the $4,800 price range where the price of ETH had previously set its ATH four years ago. Next, analysts hope to see ETH explore its price discovery phase and hit new ATH targets in the $5,000 and above. 

Instead, the crypto market experiences a number of market dips caused by various factors. This took the price of ETH as low as $4,100, giving accumulators a golden opportunity to buy and hold more ETH. Despite growing FUD sentiment, the altcoin market shows strong promising indicators for a spectacular price pump in the coming weeks ahead. Some expect ETH price to hit $15,000 by the end of this year. 

As we can see from the post above, the fact that the price of ETH is trading at slightly lower prices has allowed ETH whales to scoop up more ETH. In detail, 4 whales have jointly accumulated $234 million worth of ETH with in taking 21,925 ETH worth $102 million from Kraken, another taking 13,322 ETH worth $61.7 million from FalconX, another taking 4,208 ETH worth $19.4 million from Binance and the last one taking 5,297 ETH worth $24.7 million  from Binance and Bitget.

Ethereum Enters Another Breakout and Retest Phase 

Meanwhile, a reputed crypto trader, analyst, and enthusiast shares that the OBV for Ethereum (ETH) looks fine and shares a chart to accompany his observation. He says that with ETH still trading above the breakout line, he sees this as ETH acting in a breakout and re-test state for now. He concludes by saying that OBV would have to come all the way below the blue diagonal for him to start getting worried.

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