Ethereum Whales Dey Gather for Bullish Rally & DeFi Growth
Ethereum whale dem don dey gather more as ETH don rally pass 54%, e secure support pass $3,700 and e dey trade close to $2,972 for ascending channel. On-chain data show say 90 new wallet don hold at least 10,000 ETH—8% rise within two weeks—and top whales add more than 220,000 ETH (~$840 million) inside two days. Institutional buying like World Liberty Financial buy 256 ETH (make their holding reach 77,226 ETH with $41 million unrealised profit) show say confidence dey grow. Meanwhile, Bitcoin whale holdings (≥1,000 BTC) drop 1.61%, meaning say dem dey take profit. Stronger RSI and di increase for DeFi adoption mean bullish momentum and possible supply tightness. Traders suppose dey watch Ethereum whale accumulation, channel support levels and DeFi growth for better strategic entry points.
Bullish
Strong Ethereum whale gathering, institutional buying, and technical signs dey show say price get correct upward pressure. Short term, concentrated whale buying plus limited supply inside one ascending channel with rising RSI fit push ETH go higher as traders dey follow momentum. Long term, ongoing DeFi adoption and growing institutional confidence dey support continuous upside, just like Bitcoin breakout for 2020. The way Bitcoin whales dey leave show say capital dey rotate specifically to ETH, e still make Ethereum bullish outlook stronger.