Ethereum (ETH) Price Surges Following Massive $63M Whale Accumulation

Whales are making waves again—and this time it's sending Ethereum prices soaring.

The $63 Million Bet

A single entity just dropped $63 million into ETH, triggering immediate momentum across crypto markets. The massive purchase sent ripples through trading floors as institutional money continues flowing into digital assets.

Market Reaction

Traders scrambled to catch the wave as ETH broke through resistance levels. The whale move demonstrates growing confidence in Ethereum's fundamentals—even as traditional finance pundits still debate whether crypto is 'real money.'

Smart money keeps getting smarter while Wall Street analysts remain busy explaining why they missed the last bull run.

Ethereum Approaches Key Resistance

ETH’s price is currently trading near a critical resistance area (range) of $3,124–$3,150, as demonstrated by several failed attempts to break through that zone in the past. A sustained breakout above this area WOULD indicate a change in the short-term structure of the market.

At this time, the coin is trading below both the 50-day and 200-day moving averages (MA), which indicates that while the larger trend remains neutral-to-bearish, Ethereum is beginning to regain strength as demonstrated by a series of recent higher lows. Also, increasing volume has added to its’s potential for further upward price movement.

Momentum Turns Positive with RSI and MACD

According to the data curated from TradingView, the Relative Strength Index (RSI) has now climbed back into the upper range of the neutral zone from the oversold region, indicating a strengthening of demand for ETH.

In addition, the MACD histogram has finally turned positive after weeks of inactivity, and the MACD line is now beginning to reverse direction into a bullish crossover. The two momentum indicators are indicating a shift in momentum that is consistent with its recent price recovery.

$63M Institutional Buy Reinforces Bullish Sentiment Shift

According to the recent update on X by crypto Rover, the purchase of $63.32 million in Ethereum by Tom Lee’s Bitmine shows that institutional investors continue to accumulate Ethereum; this further supports the bullish sentiment and the likelihood of continued movement above the $3,124–$3,150 Resistance area.

💥BREAKING:

🇺🇸 TOM LEE’S BITMINE JUST BOUGHT
$63.32 MILLION WORTH OF $ETH.

THEY KEEP BUYING. pic.twitter.com/YftEhuJvGn

In conclusion, ETH is demonstrating the most significant recovery of all time and, most recently, indicating that the price of the coin is moving higher. Single-instance price will MOVE significantly upward when it closes above $3,124.