Binance Whales Fuel Ethereum Accumulation Amid Market Uncertainty
Ethereum is at a pivotal moment as it battles to hold support above $2,500, with repeated failures to break the $2,700 resistance level. Despite broader market pressures, Ethereum remains a key focus for analysts who see potential for an altseason trigger. On-chain data and whale activity on Binance suggest growing bullish sentiment, with large ETH orders resurging since May 19. This accumulation by whales could signal a repeat of historical price surges, making Ethereum a cryptocurrency to watch closely in the coming weeks.
Binance Whales Are Accumulating Ethereum Again – Will History Repeat?
Ethereum faces a critical juncture as it struggles to maintain support above $2,500, following multiple unsuccessful attempts to breach the $2,700 resistance. Market-wide pressure persists, yet ethereum remains a focal point for analysts anticipating a potential altseason trigger. On-chain activity and whale movements suggest a bullish undercurrent.
Binance data reveals a resurgence of large ETH orders since May 19—a pattern that preceded Ethereum’s 2023 rally from $2,200 to $4,000. This accumulation by deep-pocketed investors signals renewed confidence in ETH’s valuation. Macroeconomic uncertainty looms, but Ethereum’s ability to hold current levels could dictate the crypto market’s next major move.
The return of whale activity coincides with Ethereum’s year-long underperformance against Bitcoin. A decisive breakout may position ETH to lead altcoin momentum in coming weeks. Traders are closely monitoring price action and institutional flows for signs of a pivotal shift.
Ethereum Whales Signal Potential Comeback Amid Price Stagnation
Ethereum’s price remains range-bound between $2.4K and $2.7K, despite mounting buying pressure. A key metric suggests whales may be re-entering the market—Binance’s Average Order Size for ETH has spiked for the first time since December 2023, when the cryptocurrency rallied from $2.2K to $4K.
Whale activity had dwindled to 3,000 daily transactions during recent sideways trading, down from 10,000 during May’s recovery attempt. The resurgence of large orders coincides with cumulative whale purchases exceeding 301K ETH tokens, according to on-chain data. This pattern mirrors the buildup to Ethereum’s last major rally.
BNB Defies Market Chaos with On-Chain Surge
Binance Coin (BNB) has demonstrated remarkable resilience amid broader market volatility, declining just 1.23% this week while on-chain metrics signal underlying strength. BNB Chain’s decentralized exchange volume surged 50% in May to $178.22 billion—its largest monthly increase on record—eclipsing Ethereum’s $70.24 billion and Solana’s $95.72 billion during the same period.
The network’s active addresses jumped 53.4% month-over-month, suggesting accelerating adoption. This dual growth in both liquidity and user activity raises questions about whether traders are accumulating BNB in anticipation of a major price movement. The altcoin’s fundamentals appear to be strengthening quietly as its ecosystem outpaces rival layer-1 blockchains.
