Binance Whale Activity Signals Ethereum Price Recovery

Ethereum is showing early signs of a potential upward trajectory, currently trading at $1,827. Renewed whale activity and technical indicators suggest accumulation near the $1,800 level, with a notable $4.75 million purchase on Binance by an Ethereum whale highlighting growing institutional interest. The MVRV Z-score, a key valuation metric, mirrors historical bottoms that previously preceded 12-month recoveries, further bolstering bullish sentiment. Liquidation zones clustered above $1,835 could act as short-term resistance, but the overall outlook remains optimistic for Ethereum’s price movement.

Ethereum Price Primed for Upside Amid Mixed Sentiment

Ethereum shows early signs of an upward trajectory, trading at $1,827 amid renewed whale activity and technical indicators suggesting accumulation NEAR the $1,800 level. A notable $4.75 million purchase on Binance by an Ethereum whale underscores growing institutional interest.

The MVRV Z-score, a key valuation metric, mirrors historical bottoms that previously preceded 12-month recoveries. Liquidation zones clustered above $1,835 and below $1,780 point to potential volatility as trapped positions unwind.

Market participants are closely monitoring Ethereum’s Pectra upgrade scheduled for May 7, which could catalyze further momentum. Exchange activity reflects stable price action, with the cryptocurrency maintaining its range despite mixed sentiment.

Bitcoin Dominance Climbs to 4-Year High Amid Altcoin Slump

Bitcoin tightened its grip on the cryptocurrency market in April, with its dominance reaching 63%—the highest level since 2021. The broader crypto market rallied 9.9% during the month, buoyed by easing tariff tensions and renewed institutional interest.

The ’digital gold’ narrative gained traction as discussions about Bitcoin strategic reserves intensified. Binance Research notes this trend has been building since 2022, with investors increasingly viewing BTC as a macroeconomic hedge.

Altcoins failed to keep pace with Bitcoin’s ascent, suggesting a rotation into the market’s flagship asset. The divergence highlights growing risk selectivity among crypto investors amid uncertain macroeconomic conditions.