Key Notes
- Ethereum’s rally above $2,500 introduced a $21 million revenue to a whale.
- The main altcoin is displaying indicators of a cooldown.
- ETH is focusing on the $3,000 mark.
On-chain evaluation agency Lookonchain hinted at a whale that benefited from Ethereum’s
ETH
$1 845
24h volatility:
2.6%
Market cap:
$222.72 B
Vol. 24h:
$14.22 B
spectacular rally.
In response to the X publish, this whale has been accumulating Ethereum since Feb. 15.
The whale who spent the previous 3 months accumulating $ETH is now worthwhile—and withdrew 1,687 $ETH ($4.2M) from #Gateio once more.
Since Feb 15, he has withdrawn 50,165 $ETH($104.5M) from #Gateio at ~$2,084.
He is flipped a $21M loss right into a $21.7M revenue.https://t.co/06nidOmKtj pic.twitter.com/7Zbe2o510n
— Lookonchain (@lookonchain) May 12, 2025
When the ETH worth wandered round $1,600, the whale was sinking with a $21 million loss, in response to Lookonchain. Nevertheless, the accumulator didn’t cease shopping for the main altcoin. On Could 11, the tackle withdrew one other $4.2 million in ETH from the Gate.io crypto change.
The whale has accrued 50,165 ETH, price $104.5 million, at a median worth of $2,084.
Ethereum’s latest rally helped the Ethereum whale flip the $21 million loss right into a $21.7 million revenue.
Is Ethereum In The Bull Zone?
Ethereum rose 41% over the previous seven days and 64% within the final 30 days. The main altcoin nearly hit the $2,600 mark on Could 11 and consolidated between $2,450 and $2,550 over the previous 24 hours.
The asset once more gained bullish momentum because the broader crypto market leaned towards the greed zone. ETH is presently buying and selling at $2,615 with a market cap of $316 billion.
In response to knowledge supplied by Buying and selling View, Ethereum’s Relative Energy Index has been constantly declining since Could 9, falling from 90 to 55, regardless of the value hike.
ETH 1H chart – Could 12 | Supply: TradingView
The indicator reveals that Ethereum moved from overbought to impartial whereas hitting a three-month excessive. Traditionally, a declining RSI mixed with a rising worth suggests mature market circumstances with regular upward momentum.
Ethereum’s subsequent main goal is the $3,000 mark. Regular whale accumulation and favorable macro circumstances might assist not solely ETH but in addition the broader crypto market attain new highs.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed data however shouldn’t be taken as monetary or funding recommendation. Since market circumstances can change quickly, we encourage you to confirm data by yourself and seek the advice of with knowledgeable earlier than making any choices primarily based on this content material.
Wahid has been analyzing and reporting on the most recent developments within the decentralized ecosystem since 2019. He has over 4,000 articles to his title and his work has been featured on among the main retailers together with Yahoo Finance, Investing.com, Cointelegraph, and Benzinga. Apart from reporting, Wahid likes to attach the dots between DeFi and macro on his e-newsletter, On-chain Monk.