According to popular analyst Ali Martinez, Ethereum might not be dead just yet. Despite getting battered in this market cycle, the smart money is making moves. Martinez reports that crypto whales have accumulated a staggering $815 million worth of Ethereum in just five days—but the big question is, why now?
Over 420,000 ETH Snatched Up – What’s the Strategy?
In just five days, whales purchased more than 420,000 Ethereum, signaling renewed interest from deep-pocketed investors. But what’s driving this sudden accumulation?
One explanation could be that Ethereum has massively underperformed compared to Bitcoin. ETH has been struggling not just against BTC but also against the U.S. dollar, failing to establish a clear uptrend.
The overall market sentiment around Ethereum is overwhelmingly negative, which might actually be exactly what whales are banking on. Historically, when everyone is bearish, it often signals a local bottom—and whales love buying when retail investors panic sell.
However, this remains speculative. Ethereum still needs a strong narrative to fuel its next leg up. While institutions like BlackRock have launched Ethereum-based token funds, the enthusiasm behind these projects doesn’t seem as strong as some had hoped.
Another major concern is whether Ethereum holders will actually benefit from BlackRock’s blockchain-based token fund or if it’s simply institutional adoption in name only without real impact on ETH price appreciation.
Key Support for Ethereum at $1,870 – But Resistance at $2,050 Looms
Ali Martinez identifies a strong support zone for Ethereum at $1,870, which has held up well against selling pressure. However, ETH remains stuck in a tight range, with its biggest resistance sitting at $2,050.
These price levels are based on an Ethereum heatmap, a tool used to analyze buying and selling activity at different price points. Larger “bubbles” on the heatmap typically indicate significant zones of support and resistance.
Meanwhile, Bitcoin’s path forward remains uncertain. Martinez tentatively believes BTC could still rally to $90,000, but only if it holds the crucial $84,000 support level. As of now, however, Bitcoin is hovering around $83,700, meaning this key level is at serious risk.
#Bitcoin $BTC is breaking out! The target is $90,000 as long as the $84,000 support holds. https://t.co/NXcTCqYCWJ pic.twitter.com/tq1HiULS8b
— Ali (@ali_charts) March 14, 2025
Are Whales Betting on an Ethereum Comeback – Or Is This Just Another Gamble?
Crypto whales just vacuumed up nearly a billion dollars’ worth of Ethereum in less than a week. But the real question is: Do they know something we don’t? Are they preparing for a major rally, or is this simply a high-stakes gamble by institutional investors?
One thing’s for sure—whales don’t make moves like this without a reason. And whether that reason is insider knowledge, a smart bet on market cycles, or simply another liquidity trap, retail investors should pay close attention.
- Is Bitcoin Ready to Hit a New All-Time High? Analyst Predicts $126,000 Before June - March 17, 2025
- Crypto Whales Scooped Up $815 Million in Ethereum in Just 5 Days – Do They Know Something We Don’t? - March 17, 2025
- Bitcoin Poised for a Recovery? USDT Liquidity Surges, but Is It Enough? - March 16, 2025
