According to CryptoFrontNews, the total amount of ETH in accumulation addresses of large holders, or whales, surged from zero in 2017 to 20 million by 2021. Since then, the figure has remained unchanged. During that time, the price of ETH moved between $40 and $6,000.
This kind of behavior of long-term holders, who avoid selling their tokens even during rallies, reflects the growing investor confidence in Ethereum, as the website's journalists point out. As a result, the supply of this cryptocurrency is decreasing, and the market is expanding.
At the same time, according to analysts, the price movement signals growing momentum. From $1,546 in early 2025, Ethereum's price has climbed to $3,500. The structure remains bullish as the highs are higher and an upward trend line on the major exchanges is clear. According to the experts of the website, the current market behavior historically signals preparation for a larger move.
Analysts quoted by CryptoFrontNews expect a significant surge when the price of ETH reaches the $4,000 level. Until then, Ethereum is considered to be in the accumulation range.