Ethereum Whale Reaccumulates $111M ETH After 2025 Sell, Eyes $2,150 Support
An anonymous Ethereum whale has reaccumulated 50,706 ETH (about $111.62M) across two wallets, paying with roughly $111.62M USDT at an average entry near $2,201. On-chain data indicates the wallets were dormant for ~7 months, suggesting planned re-entry rather than a one-off trade.
This whale previously sold 28,683 ETH in 2025 at an average of $3,892, effectively lowering its cost basis after buying back near the ~$2,200 area—a ~43% discount versus the prior exit level. The report frames $2,150 as the near-term invalidation level for the bullish ETH thesis, while $2,500 is highlighted as the next resistance target.
As of the latest update, ETH trades around $2,168 (-1.6% over 24h) and is near 50-day moving average support (~$2,100). Traders are also watching for reduced exchange sell pressure from large ETH transfers and continued spot Ethereum ETF inflows (over $138M earlier this week). Overall, this ETH whale activity is viewed as a potentially bullish signal, but follow-through from other wallets and market positioning will determine whether it translates into sustained upside.
Bullish
The whale reaccumulated a large amount of ETH (~$111M) after a prolonged dormancy, and it appears to be buying back near the ~$2,200 area after a prior 2025 exit around $3,892—effectively accumulating at a ~43% discount. That behavior is consistent with a value/conviction bet and can reduce near-term sell pressure if the ETH is not headed back to exchanges.
For traders, the upside case improves as long as ETH holds the ~$2,150 invalidation zone and maintains support around the ~$2,100 50-day moving average. The key risk is that, without broader follow-through, a single wallet’s activity may fade and price may stall below the ~$2,500 resistance. The ETF inflow backdrop and watch for exchange/derivatives follow-through make this a broadly supportive, but not guaranteed, near-term setup for ETH.