Ethereum ($ETH) is attracting increasing attention as large investors accumulate assets in a bid to overcome long-term resistance.
On-chain data shows Ethereum whales have purchased over 14 million $ETH According to the company, it was worth about $322 million in just 96 hours. Saintly Insights shared by crypto analyst Ali Martinez on May 3rd.
Data shows that the amount of Ethereum held by whales has been steadily increasing in recent days. $ETH Coins held increased from approximately 13.83 million coins at the beginning of the period to approximately 13.98 million coins. $ETH By May 3rd.
The buy comes as Ethereum was trading at $2,333 at the time of writing, up about 1% over the past 24 hours.
Whale accumulation is often considered an important indicator, especially since institutional investors typically buy aggressively during corrections in advance of expected price increases.
Ethereum price prediction
Following the active purchases, Finbold turned to OpenAI’s ChatGPT for insight into how the cryptocurrency will trade in the coming sessions.
Based on whale accumulation, Ethereum’s current technical structure, and broader cryptocurrency momentum, ChatGPT predicts $ETH Over the next 1-3 months, stock prices are more likely to rise than fall.
The probability-weighted outlook gives Ethereum a 60% chance of rising to the $2,700 to $3,000 range. On the other hand, there is a 25% chance that the cryptocurrency is trapped between $2,200 and $2,500, and a 15% chance of further decline below $2,000.
ChatGPT’s bullish stance is primarily driven by the size and speed of whale accumulation. The model recorded 140,000 purchases $ETH The four-day period represents unusually aggressive buying behavior and historically coincides with periods preceding stronger rallies.
From a technical perspective, the $2,550 level has emerged as the most important breakout zone for Ethereum. A decisive move above that resistance could trigger new momentum buying and potentially sending selling. $ETH In the short term, towards the $2,800 area.
Based on current settings, ChatGPT predicts that Ethereum could reach around $2,650 by the end of May 2026. In a stronger bullish scenario, the cryptocurrency could rally towards $3,200 by mid-2026 if market conditions continue to improve. However, if the cryptocurrency weakens broadly, downside support could be seen around the $1,900 level.
