Ethereum is attracting whales again: what signals are big investors following?

Ethereum is attracting the interest of large investors with million-dollar inflows and key technical signals that could signal new momentum in its price.

The Ethereum cryptocurrency is attracting the attention of large investors, who are not only investing millions in its ecosystem but are also following technical signals that could predict further upward movements in its price. While the crypto market is experiencing a period of fluctuations and varying behaviors among its main assets, what is happening with Ethereum deserves a closer look.

Million-dollar inflows and strategic whale movements in Ethereum

In recent days, the Ethereum market has captured attention with movements that have not gone unnoticed. Large sums, exceeding $80 million, have been deposited on exchanges, indicating that powerful players are entering the game with confidence. These multimillion-dollar transfers reflect that the so-called "whales," those investors with colossal resources, are fine-tuning their strategy to take advantage of a potential rise in Ethereum's price.

In the current market, one exceptional institutional transaction worth approximately $427 million in ETH stands out. For experts, these types of transactions, which are typically careful and strategic, demonstrate the renewed confidence some large-cap investors are gaining in Ethereum. In contrast, Bitcoin is facing a steady stream of capital outflows, indicating a waning preference or, at least, profit-taking by large investors.

All of this indicates that the commitment to Ethereum is based on its leading role within the DeFi universe, its ability to facilitate tokenization and the development and execution of smart contracts, and its versatility to adapt to multiple uses within the crypto ecosystem. This combination makes it a favorite among those seeking growth and evolution in the crypto world.

What to expect from Ethereum in the coming weeks

From a technical perspective, Ethereum is within an ascending channel that suggests a positive trend. Key levels to watch include support near $4.300, further supported by the 100-day exponential moving average, which coincides with this area and can act as a solid floor in the event of corrections. Above this level, the 50-day moving average, located around $4.400, also contributes to supporting the price.

Market analyst Ali Martinez he pointed If the price of ETH maintains the $4.000 support level, then we could expect a possible rebound towards $4.400. 

The main resistance, according to analysts, is located at $4.800. Therefore, if the price of ETH achieves a daily close above this level, analysts would consider it a clear indication of a bullish breakout, enabling subsequent targets in the range of $5.200 to $5.500. If this breakthrough fails and the price remains below this barrier, the price could retest the support zone, which could extend toward $4.050 and $4.100, or even approach $3.975 per unit. 

Technical indicators show an RSI (Relative Strength Index) of 53, reflecting a balance between bullish and bearish forces. A rise in the RSI above 60 would strengthen the optimistic outlook and confirm that buying pressure is gaining ground. Until then, the market remains neutral, pending catalysts that define its direction.

Market expectations for the medium term

Ethereum's movement in this ascending channel coincides with the supporting moving averages. Furthermore, September is typically a month of high volatility in cryptocurrencies, which invites cautious observation of short-term movements, although the technical fundamentals and the activity of large investors provide a constructive narrative.

Among the most notable projections within the analytical field is that of the renowned investor Tom Lee, from Fundstrat and BitMine, who predicts Ethereum trading around $12.000 by the end of 2025Their argument is based on growing institutional adoption and the consolidation of Ethereum as a "blockchain-neutral" infrastructure, capable of supporting multiple applications and users without singular dominance.

However, while Lee maintains an optimistic view of ETH's future, there are also critics who consider these figures overly optimistic for several reasons. First, global macroeconomic uncertainty remains a factor that could impact the performance of digital assets. Second, real adoption still faces significant barriers in terms of regulation and usability. Finally, competition with other blockchains also seeking to position themselves as technologically sophisticated leaders adds an additional element of challenge for Ethereum.