Ethereum whale activity has increased as large holders added more $ETH over the past four days.
According to Ali Charts, whales accumulated over 140,000 Ethereum in 96 hours, worth about $322 million.
The buying comes as $ETH trades near $2,305.11. The asset recorded a 0.1% gain in 24 hours, while it remained down 1.04% over the past seven days. Daily trading volume stood at $6.8 billion.
Whale holdings rise as $ETH price stays flat
The chart shared by Ali Charts shows a steady increase in Ethereum held by whale wallets. Holdings rose from about 13.78 million $ETH to nearly 13.98 million $ETH between May 1 and May 3.
This points to steady buying by large holders, not a single large transfer. The move also suggests that major wallets are adding exposure while price action remains quiet.
However, traders are still waiting for stronger confirmation. $ETH has remained close to $2,300, and market momentum has not yet followed the whale buying trend.
$2,200 remains key support for Ethereum
Ethereum is still trading above the $2,200 support area. Analysts view this level as important for the current market structure.
If $ETH holds above $2,200, the price could continue its slow recovery toward the $2,800 resistance zone. A move above $2,400 may also give traders a stronger long setup.
However, the downside risk remains clear. A breakdown below $2,200 could weaken the structure and open the way toward $1,900.
The intraday outlook also remains mixed. The chart was described as “choppy and slow,” with traders waiting for a better structure before entering new positions.
$2,400 breakout may decide the next move
$ETH has formed a base around the $1,800 to $2,000 area after a sharp decline earlier in the year. Since then, the price has printed higher lows, showing a gradual recovery.
Still, Ethereum remains below a major descending trendline. The $2,400 area is the nearest resistance. A clean breakout above it could support a move toward $2,600 and then $2,800.
The broader resistance near $3,700 remains far above current levels. That area still marks a major test for any wider recovery.
