In a recent X post by crypto analytics firm IntoTheBlock, the Ethereum network has recorded a massive rise in whales' reserves over the past two years.
The crypto market has seen a general surge recently, with Bitcoin (BTC) climbing above the $400,000 price level for the first time since early December. Data from CoinMarketCap shows that Ethereum (ETH) also experienced a surge, rising by 7.25% and returning to the $3,500 price zone. Notably, market developments indicate a sustained bullish future for the altcoin.
Closely linked to the Ethereum Merge is the massive increase in staked ETH, which rose from 15,804,310 ETH in January 2023 to 33,898,981 ETH in January 2025, according to data from beaconcha.in. This 114.49% increase over the two-year span coincides with the observed surge in whale accumulation.
As smaller, retail investors often follow whale transactions as trading signals, a strong accumulation pattern by ETH whales, like the one currently observed, serves as a significant bullish signal, bolstering the altcoin's long-term market performance.
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