According to Crypto Rover on Twitter, a prominent Ethereum whale has continued accumulating ETH, purchasing an additional 9,023 ETH valued at $20.55 million despite previously realizing an $11 million loss. This aggressive accumulation coincides with Ethereum’s recent price rally, indicating strong bullish conviction among large holders and potentially signaling further upward momentum for ETH markets. Such significant whale activity is closely watched by traders as it often precedes increased market volatility and can serve as a short-term bullish indicator for both Ethereum and the broader crypto market (source: Crypto Rover, Twitter, May 10, 2025).

According to Lookonchain, despite taking a previous loss of approximately $11 million by selling all Ethereum holdings at around $2,740 three months ago, a major ETH whale has aggressively returned to the market. One month ago, this investor re-entered by purchasing 2,713 ETH at $1,502 per coin, totaling $4.07 million. With ETH price rallying recently, the same whale doubled down by acquiring an additional 9,023 ETH, indicating renewed confidence in Ethereum's upside potential. This substantial accumulation by a known large holder could signal bullish sentiment among major market participants and contribute to increased buying pressure, which is relevant for traders monitoring whale activity as a leading indicator. Source: Lookonchain (@lookonchain, May 10, 2025).