Price Hits $4,000 as Whales Accumulate
The post Price Hits $4,000 as Whales Accumulate appeared on BitcoinEthereumNews.com.
Altcoin Analysis Ethereum (ETH) has surged past the $4,000 mark for the first time in months, driven by a wave of whale accumulation, strong technical signals, and anticipation of upcoming network upgrades. The rally comes as large holders purchased over 1.8 million ETH in the past month, signaling growing confidence ahead of key bullish catalysts. Whale Accumulation Signals Confidence According to blockchain analytics, wallets holding between 10,000 and 100,000 ETH have added more than 1.8 million coins to their balances in the last 30 days. This aggressive buying spree often precedes significant price moves, as seen in previous Ethereum rallies. Whales bought more than 1.80 million Ethereum $ETH in the past month! pic.twitter.com/IxoXPwaxmk — Ali (@ali_charts) August 8, 2025 Key driver: Whale wallets up by 1.8M ETH in 30 days Market sentiment: Technical indicators show a “Strong Buy” rating on major trading platforms $6,400 in Sight if $4,000 Break Holds Technical analyst Ali Martinez noted that if Ethereum holds above $4,000, the next major target could be $6,400, which has acted as a key resistance level in past cycles. Current market data shows: Moving averages: Strong bullish momentum RSI: Hovering near 72, suggesting slight overbought conditions but room for growth MACD: Positive crossover, indicating sustained upward pressure Fusaka Upgrade Could Be a Game-Changer Ethereum’s upcoming Fusaka upgrade, scheduled for November 2025, will raise gas limits to 150 million and introduce parallel EVM processing. This will enable faster transactions and lower fees, addressing long-standing scalability concerns. Why it matters: Historical upgrades, such as The Merge in 2022, were followed by 30–50% rallies. Improved efficiency could attract more dApp developers, institutional users, and boost ETH demand. Staking ETF Decision Could Spark Supply Shock The U.S. SEC is reviewing proposals from BlackRock and VanEck to allow ETH staking within ETFs. If approved, institutional…
