Ethereum whale activity increased as large holders added additional funds $ETH Over the past four days.
According to Ali Charts, the whale accumulated more than 140,000 Ethereum in 96 hours, or the equivalent of about $322 million.
The purchase will look like this $ETH It is trading around $2,305.11. The asset registered an increase of 0.1% in 24 hours, but remained down 1.04% in the past 7 days. The trading volume for the day was $6.8 billion.
Whale holdings increase $ETH Prices are flat
A chart shared by Ali Charts shows a steady increase in Ethereum held by whale wallets. Amount held increased from approximately 13.78 million $ETH Nearly 13.98 million people $ETH From May 1st to May 3rd.
This indicates steady purchases by large holders, rather than a one-time large transfer. This move also suggests that large wallets are increasing their exposure while price trends remain quiet.
However, traders are still waiting for stronger confirmation. $ETH is hovering around $2,300, and market momentum has not yet caught up with the whale-buying trend.
$2,200 remains major support for Ethereum
Ethereum is still trading above the $2,200 support area. Analysts view this level as important for the current market structure.
if $ETH If sustained above $2,200, the price may continue its gradual recovery towards the $2,800 resistance zone. A move above $2,400 could also give traders a strong long setup.
However, downside risks remain clear. A break below $2,200 could weaken the structure, paving the way for $1,900.
The outlook for the day remains mixed. The chart has been described as “choppy and slow” with traders waiting for better structure before entering new positions.
$2,400 breakout could decide next move
$ETH After plunging earlier this year, it has formed a base around the $1,800 to $2,000 area. Since then, prices have hit new lows and shown a gradual recovery.
Still, Ethereum remains below the major downtrend line. The $2,400 area is the closest resistance. A clean breakout of this could support a move towards $2,600 and then $2,800.
Broad resistance around $3,700 remains well above current levels. This sector remains a major test for the broader recovery.
