Whales Go Full Bullish on Ethereum—Is a Major ETH Price Rally Imminent?
Ethereum traders are flipping bullish as whale activity surges—signaling a potential rebound.
Why the sudden optimism? Big-money players are stacking ETH again, betting against the bears. On-chain data shows accumulation patterns mirroring past breakouts.
Market psychology at work: When whales dive in, retail FOMO usually follows. But don’t dust off your lambo dreams yet—crypto’s favorite 'institutional adoption' narrative has burned traders before.
Key question: Is this demand sustainable, or just another dead-cat bounce? ETH’s price action next week will tell. Either way, the casino is open—place your bets.
Ethereum (ETH) traders have quickly pivoted to extreme bullishness after the recent crypto market crash. According to market data analysis from Santiment, Ethereum traders have been expecting a strong rebound in the coming days following a series of deleveraging.
Source: Santiment
However, Santiment cautioned ethereum traders for turning extremely bullish as history has proven that the market often moves in the opposite direction of the crowd’s expectations.
Why are Ethereum Traders Getting Extremely Bullish?
Renewed Demand from Whale Investors amid Supportive Macro Backdrop
Ethereum traders have turned extremely bullish in the recent past following the notable deleveraging and renewed demand from whale investors. For instance, on-chain data analysis shows Tom Lee-led BitMine has been buying the recent market dip, whereby it withdrew ETH valued at about $70 million on Thursday.
The Ethereum traders have been expecting a bullish rebound as Wall Street gradually turns to altcoins. Ahead of the anticipated Fed’s Quantitative Easing (QE), institutional investors have been building on Ethereum via Digital Assets Treasuries (DATs), spot Exchange-Traded Funds (ETF), and tokenization of real-world assets (RWA).
Technical Tailwind ahead of the anticipated altseason 2025
From a technical analysis standpoint, ETH price has been retesting a crucial support level, which previously acted as a resistance level for long.
Source: X
With the ETH’s daily Relative Strength Index (RSI) hovering around oversold levels, a potential rebound towards a new all-time high is highly likely. However, if Ether price consistently dips below the support level above $3000, a full-blown bear market will be inevitable in the subsequent months.
