Recent price increase of Ethereum has been driven by the activity of large investors significantly increasing their cryptocurrency holdings.
Whale Activity and ETH Accumulation
In the past week, a strong accumulation activity has been observed from large investors known as 'whales'. They acquired 138,000 ETH, amounting to approximately $503 million.
Futures Market Dynamics
ETH open interest increased by 3.18% over the last seven days, reaching $674 billion. Meanwhile, perpetual funding rates remain neutral at +0.0024%, indicating that major players are increasing their positions without excessive leverage.
Risks and Outlook
Despite the growing activity, traders are also monitoring potential downside risks. More than 80% of Ethereum holders are currently in profit, and any sharp macro-driven pullback could trigger significant selling. This balance between rising accumulation and the threat of mass selling will likely determine Ethereum's next major move.
The current situation on the Ethereum market remains tense, with increasing interest from large investors and potential risks of price declines. Observing this balance will help identify further trends.
