Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Unveils Ambitious SPAC Merger Plans

17/09/2025

Hong Kong-Singapore Are Quietly Building A Regulated Token Corridor

17/09/2025

Luno Now Lets Nigerians Invest in Big US Stocks

17/09/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Unveils Ambitious SPAC Merger Plans

    17/09/2025

    Ethereum (ETH) Price Prediction For September 18

    17/09/2025

    Key Reason Why 90,000 ETH Offloaded by Whales in Past 48 Hours Shared by Analyst

    17/09/2025

    What Will It Take for Ethereum to Outperform Bitcoin? Bitget’s Chief Analyst Explains

    17/09/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    LimeWire Acquires Fyre Festival, Plans Fresh Start With a Crypto Spin

    16/09/2025

    American Express Introduces Blockchain-Based ‘Travel Stamps’

    15/09/2025

    NFT sales show modest recovery, Pudgy Penguins jump 110%

    14/09/2025

    Twerk From Home Aims to Become the UFC of Exotic Dancing—With a Crypto Boost

    13/09/2025

    Unveils Ambitious SPAC Merger Plans

    17/09/2025

    Hong Kong-Singapore Are Quietly Building A Regulated Token Corridor

    17/09/2025

    Luno Now Lets Nigerians Invest in Big US Stocks

    17/09/2025

    Ethereum (ETH) Price Prediction For September 18

    17/09/2025
  • Blockchain

    Can Decentralized Indexing Save Web3?

    16/09/2025

    UFC Expands Web3 Partnership with Fightfi’s Fight.ID Platform

    16/09/2025

    ICB Network Partners with Tectum to Pioneer Zero-Fee PayFi Transfers in Web3

    16/09/2025

    ATT Global Taps For Metas to Advance Web3 Ecosystem

    16/09/2025

    Philippine lawmakers push blockchain budget bills in House

    16/09/2025
  • DeFi

    Welf Finance Taps Orochi Network For Secure and Decentralized Web3 Finance

    17/09/2025

    The real divide in finance isn’t TradFi vs DeFi, it’s control vs coordination

    17/09/2025

    Aave gears up for Aave V4 launch, bringing unified cross-chain liquidity to DeFi

    17/09/2025

    Is Ethereum’s DeFi Future on L2s? Liquidity, Innovation Say Perhaps Yes

    17/09/2025

    Managed DeFi Yield Provider Tesseract Secures MiCA License

    17/09/2025
  • Metaverse

    KaratDAO and SecondLive Partners to Reshape Web3 Identity and Immersive Digital Worlds

    16/09/2025

    Metaverse ‘still has a heartbeat’ as NFT sales jump 27% in August

    12/09/2025

    CreataChain Joins LightCycle to Advance Fashion, Interoperability, and AI in Metaverse

    05/09/2025

    new institutional ‘trust’ layer to boost tokenized ESG investment

    04/09/2025

    Metaverse developer The Sandbox lays off 50% of staff and pivots to meme coin launchpad

    28/08/2025
  • Regulation

    Trump Media Tests ‘Truth Search’ Using Perplexity AI

    17/09/2025

    CZ says stablecoins have defeated CBDCs globally, how come?

    16/09/2025

    Stablecoin Usage Ramps up in Venezuela Amid Rampant Devaluation

    16/09/2025

    South Korean Tech Giant Unveils Bold Crypto

    16/09/2025

    New ETF Filings Hint at Broader Crypto Product Boom Ahead

    16/09/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Luno Now Lets Nigerians Invest in Big US Stocks

    17/09/2025

    Binance Alpha adds Aleo layer 1 blockchain 

    17/09/2025

    Binance Alpha Launches Boundless (ZKC) with Special Airdrop

    17/09/2025

    Google and Sui Network Team Up on Next-Gen Payment Standard

    17/09/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Blockchain Games Break Into the Mainstream

    17/09/2025

    DeBox Partners with Mythoria to Merge AI-Led GameFi and Web3 Social Ecosystem

    16/09/2025

    Crypto Games Keep Shutting Down. This $500K Fund Aims to Help Players Recover

    14/09/2025

    Conflux Network and Salvo Alliance Targets Scalable Web3 Gaming Adoption

    13/09/2025

    Bitcoin mining stocks outperform BTC as investors bet on AI pivots

    16/09/2025

    DL Holdings to Enter Bitcoin Mining Through Convertible-Bond Deal

    16/09/2025

    Why Bitcoin Miners Are Powering AI’s Expansion

    14/09/2025

    Bitcoin’s Computing Muscle Flexes Harder

    13/09/2025

    Hong Kong-Singapore Are Quietly Building A Regulated Token Corridor

    17/09/2025

    Cardano’s Charles Hoskinson Teases DC Appearance

    17/09/2025

    Tether CEO Paolo Ardoino’s Jibe Exposes EU’s Digital Currency Struggles

    17/09/2025

    Kyrgyzstan expands regulatory sandbox to cover crypto banking

    17/09/2025

    Unveils Ambitious SPAC Merger Plans

    17/09/2025

    Hong Kong-Singapore Are Quietly Building A Regulated Token Corridor

    17/09/2025

    Luno Now Lets Nigerians Invest in Big US Stocks

    17/09/2025

    Ethereum (ETH) Price Prediction For September 18

    17/09/2025
  • MarketCap
NBTC News
Home»Ethereum»Ethereum Whales Go On 9-Day Accumulation Spree: ETH Price Rally Incoming?
Ethereum

Ethereum Whales Go On 9-Day Accumulation Spree: ETH Price Rally Incoming?

NBTCBy NBTC25/11/2023No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


The price of Ethereum has been on a steady and monumental rise in the past few weeks, and the last seven days have not been much different. The altcoin breached the $2,100 mark on Friday, November 24, with its sights now set on new yearly highs.

Interestingly, a recent on-chain revelation has shown what could be behind the latest ETH price surge while offering insights into the future prospects of the cryptocurrency.

On-Chain Data Shows Whales Continue To Buy ETH

Renowned crypto analyst Ali Martinez, in a post on X, revealed that Ethereum whales have been active in the crypto market over the past few days. According to on-chain data from Glassnode, ETH whales have been accumulating the altcoin for nine consecutive days.

Ethereum whales increase balance for nine days in a row | Source: Ali_charts/X

Notably, Martinez highlighted that this is the first 9-day accumulation spree in over nine months. Furthermore, the crypto analyst noted that “the increasing buying pressure could be a strong signal for ETH bullish price action.”

Changes in whale accumulation are often closely monitored in the cryptocurrency space because of how large crypto holders can influence the market dynamics. The steady buying pressure displayed by Ethereum whales over the past nine days suggests a growing optimism amongst this class of investors.

Another analyst offered a similar on-chain perspective to the growing accumulation by Ethereum whales. The crypto pundit revealed – via a post on X – that the 200 largest Ethereum wallets now hold a collective 62.76 million ETH (worth about $132.1 billion).

According to data provided by Santiment, this whale class has accumulated 30.3% more coins since November 21, 2022. Additionally, these 200 largest Ethereum addresses hold about 52% of Ether’s circulating supply. 

Ethereum Price – Where Next?

While Ethereum’s price broke above the $2,100 mark on Friday, it has since retraced below the price level. However, there is much optimism around a continuous upward movement for ETH, especially as it still trades above the significant $2,044 resistance zone.

Many investors might want to keep an eye on the cryptocurrency’s price action by the end of the week, though. According to an analyst, a close above $2,130 on the weekly timeframe will be pivotal for Ethereum’s price trajectory.

$ETH / $USD – Update

$2,130 please is all we need to flip into support 💯 pic.twitter.com/qVw2gG66Cz

— Crypto Tony (@CryptoTony__) November 24, 2023

As of this writing, ETH is currently valued at $2,086, reflecting a negligible 0.2% in the past 24 hours. Nevertheless, the cryptocurrency has managed to maintain most of its gain on the weekly timeframe, having swelled by more than 8% in the last seven days.

Ethereum price revolves around the $2,100 mark on the daily timeframe | Source: ETHUSDT chart on TradingView

Featured image from Unsplash, chart from TradingView


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Unveils Ambitious SPAC Merger Plans

17/09/2025

Ethereum (ETH) Price Prediction For September 18

17/09/2025

Key Reason Why 90,000 ETH Offloaded by Whales in Past 48 Hours Shared by Analyst

17/09/2025

What Will It Take for Ethereum to Outperform Bitcoin? Bitget’s Chief Analyst Explains

17/09/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Unveils Ambitious SPAC Merger Plans

17/09/2025

Hong Kong-Singapore Are Quietly Building A Regulated Token Corridor

17/09/2025

Luno Now Lets Nigerians Invest in Big US Stocks

17/09/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.