Ethereum whales are accumulating again, adding over 218,000 ETH in the past week after a significant October sell-off, signaling renewed confidence in the network’s potential and a possible price recovery toward $6,000 or higher.
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Ethereum whales holding 100 to 10,000 ETH have netted 218,470 ETH recently, reversing a 1.36 million ETH distribution from early October.
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Their holdings now total 23.05 million ETH, reflecting stabilizing market sentiment post-correction.
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Technical analysis suggests a wave structure that could drive prices to $5,940 or $7,400 if support levels hold, backed by on-chain data from Santiment.
Ethereum whales accumulation surges with 218K ETH added post-sell-off, hinting at price rebound to $6,000+. Discover on-chain signals and technical insights driving investor confidence today.
What is the significance of Ethereum whales’ recent accumulation?
Ethereum whales accumulation represents a pivotal shift where large holders, defined as wallets with 100 to 10,000 ETH, are rebuilding positions after a major sell-off, indicating restored faith in Ethereum’s long-term value. This activity, tracked by on-chain analytics firm Santiment, shows these investors adding 218,470 ETH over the past week, bringing their total to 23.05 million ETH as of October 23, 2025. Such moves often precede market recoveries, as whale buying can stabilize prices and attract broader participation.
Earlier in October, from the 5th to the 16th, these same wallets offloaded approximately 1.36 million ETH, one of the largest distributions this quarter, which contributed to a price correction. The reversal suggests that the sell-off was profit-taking rather than a loss of interest, with Ethereum’s price relative to Bitcoin holding steady between 0.035 and 0.038 BTC during this period. This correlation between whale activity and price stability underscores the influence of these major players on market dynamics.
Why did Ethereum whales engage in a major sell-off in October 2025?
The October 2025 sell-off by Ethereum whales was primarily a strategic profit-taking event following months of accumulation. Prior to the downturn, these wallets peaked at around 24.5 million ETH through mid-year, capitalizing on Ethereum’s upward momentum from February to July. Santiment data highlights that the distribution phase aligned with a broader market correction, where prices declined sharply by late September, prompting large holders to lock in gains amid heightened volatility.
Expert analysis from on-chain observers notes that such outflows are common after extended rallies, serving to rebalance portfolios and reduce exposure during uncertain periods. For instance, during this time, Ethereum’s network saw increased transaction volumes, but whale selling pressure contributed to a temporary dip. Importantly, the sell-off was not accompanied by panic; holdings remained substantial, and the subsequent buying spree indicates that fundamentals like Ethereum’s scalability upgrades and growing DeFi adoption continue to underpin investor strategies. Statistics from Santiment confirm that this was the quarter’s biggest outflow, yet the quick rebound in accumulation points to resilient demand.
Big Ethereum holders are buying again after a major sell-off, showing fresh confidence and signs of a possible price comeback.
- Big Ethereum investors are buying again, adding over 218,000 ETH after selling millions earlier this month.
- Experts believe Ethereum could climb toward $6,000 or even $7,400 if the current rebound continues.
- The steady buying and stable prices show growing trust among investors and signs of a stronger Ethereum market ahead.
Ethereum’s large holders are regaining confidence after weeks of sharp distribution earlier in October. According to Santiment, wallets holding between 100 and 10,000 ETH have added 218,470 ETH in the past week.
This renewed accumulation came after these investors dumped around 1.36 million ETH between October 5th and 16th, marking one of the biggest outflows this quarter. The total holdings of these wallets now stand at 23.05 million ETH as of October 23, 2025.
Whales Return After October’s Major Sell-Off
Before the October correction, these wallets held close to 24.5 million ETH, reflecting strong accumulation through mid-year. The sharp decline that followed indicated a heavy profit-taking phase among large investors.
Source: Santiment
However, the recent increase in buying shows that confidence is slowly coming back among major Ethereum holders. Santiment noted that “Ethereum whales and sharks holding between 100 to 10,000 $ETH are finally showing some signs of confidence.”
During this time, Ethereum’s price compared to Bitcoin stayed in a tight range between 0.035 and 0.038 BTC. The price moved almost in step with whale activity, showing a link between their buying patterns and market stability.
Between February and July 2025, both price and holdings trended higher, but a strong decline began by late September. Consequently, the recent inflows mark the first significant recovery phase since that downturn.
Technical Structure Points to Next Wave Higher
Technical analyst Stockmoney Lizards offered a detailed perspective on Ethereum’s price action, observing that the current pattern resembles a classic five-wave impulse structure. According to the analyst, the ongoing correction is likely forming wave four, which tends to be shallow and extended in time to eliminate weaker hands from the market. This setup, if validated, positions Ethereum for a fifth wave upside, with Fibonacci extension levels pointing to targets around $5,940 initially, and potentially stretching to $7,400 in an extended scenario.
Source: Stockmoney Lizards
Stockmoney Lizards emphasized that the pattern holds as long as Ethereum maintains support above the base of the prior wave four low, currently around key moving averages. This technical framework complements the on-chain accumulation data, suggesting that both fundamental holder behavior and chart patterns are aligning for potential growth. Market participants should monitor volume and relative strength against Bitcoin for confirmation, as sustained whale inflows could catalyze broader retail interest in Ethereum’s ecosystem.
In the broader context, Ethereum’s resilience is bolstered by ongoing developments in layer-2 scaling solutions and institutional adoption. Data from blockchain analytics platforms like Santiment illustrate how whale activity often acts as a leading indicator for price trends, with historical precedents showing recoveries following similar accumulation phases. As of late October 2025, Ethereum trades with reduced volatility compared to its September peaks, providing a stable base for further upside if macroeconomic conditions remain favorable.
Frequently Asked Questions
How much ETH have Ethereum whales accumulated since the October sell-off?
Ethereum whales have accumulated 218,470 ETH in the week following the October sell-off, according to Santiment data. This brings their total holdings to 23.05 million ETH, reversing part of the 1.36 million ETH distributed between October 5 and 16. Such on-chain metrics highlight a return to bullish positioning among large investors.
What price targets are analysts setting for Ethereum based on current whale activity?
Based on the latest whale accumulation and technical patterns, analysts are targeting Ethereum prices around $5,940 for the next wave, with potential extensions to $7,400 if momentum builds. This outlook from experts like Stockmoney Lizards assumes support holds above recent lows, making it a natural fit for voice queries on Ethereum’s rebound prospects.
Key Takeaways
- Reversal of Sell-Off: Ethereum whales added over 218,000 ETH after dumping 1.36 million in early October, per Santiment, signaling renewed market confidence.
- Technical Bullish Setup: A five-wave impulse structure suggests upside to $5,940-$7,400, with the current correction shaking out short-term traders.
- Monitor On-Chain Signals: Sustained accumulation and stable ETH/BTC ratios could drive broader adoption; investors should track whale wallets for entry cues.
Conclusion
The resurgence in Ethereum whales accumulation after the October 2025 sell-off underscores a stabilizing force in the cryptocurrency market, with holdings climbing back toward pre-correction levels and technical indicators pointing to substantial upside potential. As on-chain data from Santiment and expert insights from analysts like Stockmoney Lizards align, Ethereum’s ecosystem appears poised for growth driven by institutional and retail interest alike. Keep an eye on key support levels and whale movements for signs of the next major rally, positioning yourself to capitalize on this evolving opportunity.
