According to Crypto Rover, on-chain data shows Ethereum whales are accumulating ETH at unprecedented levels, signaling strong institutional interest and potential bullish momentum for the $ETH market (source: @rovercrc, May 10, 2025). Increased whale activity often precedes significant price movements, making this a critical signal for traders to monitor. With large holders consolidating ETH, market liquidity may tighten, leading to increased volatility and potential upward price pressure, especially as Ethereum remains a focal point for DeFi and ETF-related flows.

According to Lookonchain, after a six-month hiatus, a major crypto whale has resumed accumulating Ethereum by withdrawing 1,700 ETH (valued at $3.1 million) from Binance three hours ago. This whale's total holdings now stand at 5,000 ETH (equivalent to $9 million), with a current unrealized loss of $3.6 million. The large withdrawal from Binance signals renewed bullish sentiment from significant market participants, which could influence near-term ETH price action and trading volumes. Source: Lookonchain via Twitter and intel.arkm.com.

According to Lookonchain, significant Ethereum accumulation by whales is evident as a wallet linked to Metalpha has withdrawn 29,000 ETH worth $48.73 million from Binance since April 1. Additionally, wallet 0xd81E pulled out 46,577 ETH valued at $97.26 million from Gate.io starting February 15, and wallet 0x6034 extracted 10,091 ETH worth $18.8 million from Bybit since March 12. This trend indicates a strategic move by large holders to potentially capitalize on future price movements, which could impact Ethereum’s market liquidity and trading strategies.