Key Takeaways

How have whales influenced Ethereum’s latest move?

Whales injected over $72M into ETH, reinforcing confidence as prices held above $4,460 and trendline support.

What metrics define Ethereum’s next major breakout?

A break above $4,770 could confirm continuation, backed by a rising Stock-to-Flow ratio and bullish trader positioning.

Ethereum [ETH] whales have intensified their accumulation pace, with on-chain data showing over $72 million in combined inflows across trading platforms. 

A whale deposited $33 million in USD Coin [USDC] on Hyperliquid [HYPE] to purchase 7,311 ETH, while another withdrew 8,695 ETH worth $39.5 million from Binance. 

These transactions underscore strong institutional conviction and continued confidence in Ethereum’s resilience above key technical zones. 

Moreover, this aggressive accumulation amid market stability reveals a strategic buildup ahead of potential upward continuation.

It reinforces the growing narrative of long-term investor dominance across the Ethereum market landscape.

Bulls protect the $4,460 support zone

Ethereum’s daily chart reflected a solid uptrend, supported by the ascending trendline connecting higher lows from early July.

The price has remained comfortably above the $4,460 support level, while targeting the next key resistance around $4,770. 

This pattern shows bullish control, with each dip attracting strong demand near the trendline.

Meanwhile, the DMI indicator confirmed this momentum — +DI at 27.86 dominated -DI at 20.51, and the ADX hovering around 20 suggested that the trend was gaining strength. 

Therefore, sustained closes above $4,460 could propel Ethereum toward a new breakout phase above $4,770.