1,140 ETH Awakens After a Decade – Is Ethereum’s Price Ready to Surge?
A dormant whale just stirred—1,140 ETH on the move after 10 silent years. Market watchers brace for ripples.
Sleeping Giant or Paper Tiger?
Blockchain sleuths track the sudden shift—no warm-up, no warning. ETH’s price hovers at a critical inflection point as liquidity pools adjust.
The Cynic’s Corner
‘Long-term holders cashing out?’ whispers one trader. ‘Or just another rich guy remembering his crypto password after a yacht-filled hiatus.’ Either way, the market’s allergic to surprises.
Watch the order books. This much ETH doesn’t move quietly—even if Wall Street still thinks ‘blockchain’ is a gym supplement.
Are ETH holders preparing for the next leg up or…
Ethereum’s exchange netflow has dropped by -79.2K ETH, reflecting a 5.81% decline. This negative FLOW means significantly more ETH is leaving exchanges than entering.
Such a pattern often signals investor preference for self-custody, which historically aligns with long-term accumulation behavior.
Despite headline transfers from dormant whales and the U.S. government, broader market participants appear to be holding.
Therefore, the consistent outflows could reduce sell pressure in the short term, potentially providing a cushion for price stability or future rallies.
Source: CryptoQuant
Will traders continue to bet on the upside as funding stays positive?
At the time of writing, ETH’s Open Interest-Weighted Funding Rate remained positive at 0.0057%, reinforcing bullish bias in the derivatives market.
Positive funding implies long positions dominate, with traders paying a premium to stay long.
This dynamic suggests that despite external triggers, such as whale and government wallet activity, traders anticipate higher prices ahead.
Additionally, this sustained positive funding reveals underlying confidence among Leveraged participants. However, it also opens the door to potential volatility if long positions unwind suddenly due to unexpected price swings.
Source: CoinGlass
Social buzz grows, while sentiment hints at cautious optimism
Ethereum’s Weighted Sentiment has slightly improved to 0.199, signaling a cautious shift in trader mood. While this rebound suggests reduced fear, it still lacks the strength often seen in major bullish phases.
At the same time, Social Dominance surged to 9.06%, its highest level in weeks. This rise reflects heightened public interest, likely triggered by whale transfers and institutional activity.
However, increased attention doesn’t always equal bullish conviction. Instead, it may signal indecision or curiosity, reinforcing the need to monitor whether sentiment turns into sustained market action.
Source: Santiment
Can ETH break above $2,560 or will $2,500 act as a floor?
Binance’s liquidation heatmap showed intense activity between $2,500 and $2,560, highlighting them as key battleground zones.
These levels host large clusters of leverage, meaning a sharp MOVE through either side could trigger cascading liquidations.
Therefore, ETH’s next significant breakout or rejection will likely occur within this narrow range. If bulls overcome the $2,560 resistance, further upside may follow.
Conversely, a breakdown below $2,500 could force long liquidations. The short-term price action depends heavily on how traders react around these thresholds.
Source: CoinGlass
Conclusively, despite old ETH wallets coming alive and government-linked sales hitting exchanges, most metrics indicate investor confidence remains intact.
Negative netflows, positive funding rates, and rising social interest hint at underlying strength. However, weak sentiment and tight liquidation zones suggest caution.
ETH’s next move hinges on how it navigates the $2,500–$2,560 range in the coming days.
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