Key Notes
- Ethereum’s rally above $2,500 introduced a $21 million revenue to a whale.
- The main altcoin is exhibiting indicators of a cooldown.
- ETH is focusing on the $3,000 mark.
On-chain evaluation agency Lookonchain hinted at a whale that benefited from Ethereum’s
ETH
$1 845
24h volatility:
2.6%
Market cap:
$222.72 B
Vol. 24h:
$14.22 B
spectacular rally.
In keeping with the X publish, this whale has been accumulating Ethereum since Feb. 15.
The whale who spent the previous 3 months accumulating $ETH is now worthwhile—and withdrew 1,687 $ETH ($4.2M) from #Gateio once more.
Since Feb 15, he has withdrawn 50,165 $ETH($104.5M) from #Gateio at ~$2,084.
He is flipped a $21M loss right into a $21.7M revenue.https://t.co/06nidOmKtj pic.twitter.com/7Zbe2o510n
— Lookonchain (@lookonchain) May 12, 2025
When the ETH value wandered round $1,600, the whale was sinking with a $21 million loss, in accordance with Lookonchain. Nevertheless, the accumulator didn’t cease shopping for the main altcoin. On Might 11, the handle withdrew one other $4.2 million in ETH from the Gate.io crypto change.
The whale has gathered 50,165 ETH, value $104.5 million, at a median value of $2,084.
Ethereum’s latest rally helped the Ethereum whale flip the $21 million loss right into a $21.7 million revenue.
Is Ethereum In The Bull Zone?
Ethereum rose 41% over the previous seven days and 64% within the final 30 days. The main altcoin virtually hit the $2,600 mark on Might 11 and consolidated between $2,450 and $2,550 over the previous 24 hours.
The asset once more gained bullish momentum because the broader crypto market leaned towards the greed zone. ETH is presently buying and selling at $2,615 with a market cap of $316 billion.
In keeping with knowledge offered by Buying and selling View, Ethereum’s Relative Power Index has been constantly declining since Might 9, falling from 90 to 55, regardless of the value hike.
ETH 1H chart – Might 12 | Supply: TradingView
The indicator exhibits that Ethereum moved from overbought to impartial whereas hitting a three-month excessive. Traditionally, a declining RSI mixed with a rising value suggests mature market circumstances with regular upward momentum.
Ethereum’s subsequent main goal is the $3,000 mark. Regular whale accumulation and favorable macro circumstances may assist not solely ETH but in addition the broader crypto market attain new highs.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed info however shouldn’t be taken as monetary or funding recommendation. Since market circumstances can change quickly, we encourage you to confirm info by yourself and seek the advice of with knowledgeable earlier than making any selections based mostly on this content material.
Wahid has been analyzing and reporting on the newest tendencies within the decentralized ecosystem since 2019. He has over 4,000 articles to his title and his work has been featured on a number of the main shops together with Yahoo Finance, Investing.com, Cointelegraph, and Benzinga. Apart from reporting, Wahid likes to attach the dots between DeFi and macro on his e-newsletter, On-chain Monk.
