Key Insights
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Ethereum recently climbed above $3,400, reaching its highest level in six months and signaling renewed bullish sentiment.
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Major investors like SharpLink Gaming and World Liberty Financial are aggressively accumulating ETH, while others are realizing profits.
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Overall, whale actions reflect a mix of confidence and caution—offering traders both opportunity and volatility.
Whale Activity Breakdown
Strong Accumulation
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SharpLink Gaming has ramped up purchases, adding over 110,000 ETH (~$340 million), now holding around 321,000 ETH at an average entry of $2,745, and sitting on approximately $200 million in unrealized gains.
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World Liberty Financial recently acquired 3,000 ETH at roughly $3,325 per token .
Profit-Taking Moves
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Investment firm Trend Research cashed out nearly 79,500 ETH, initially acquired at about $2,118, and currently holds over 105,600 ETH.
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Another whale sold approximately 98,600 ETH at an average price near $2,819, pocketing profits exceeding $30 million.
What This Means for ETH Price
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Bullish Momentum: The break above $3,400 confirms strong upward pressure, supported by whale purchases and upbeat market sentiment.
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Potential Pullback Zone: Profit-taking could modestly pull prices back toward $3,300–$3,350, presenting potential re-entry points.
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Next Resistance: If price stabilizes above $3,400, the next meaningful resistance lies in the $3,500+ region.
Strategy Guide
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Entry Range: Consider entering between $3,350–$3,400.
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Stop-Loss: Place just below $3,300 to manage downward risk.
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Profit Targets: Start with $3,500, and if momentum endures, look toward $3,600+.
Affiliate Tools for Traders
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Trade on a low-fee, robust platform: start with Binance.
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Ensure your crypto’s safety with a hardware wallet, such as the Ledger Nano X—perfect for secure, cold storage.
Useful Internal Links
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Want to learn more about key price levels? Check out Crypto Support Levels Explained.
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Curious how whales influence trends? Read our guide on Whale Activity & Market Moves.
Summary & Next Steps
Ethereum’s breakout above $3,400 marks a major bullish milestone. Whale accumulation is fueling upward momentum, while profit-taking may create short-term selling pressure—potentially driving a dip into the $3,350–$3,400 region. Holding above that band would support a push toward $3,500+.
Ready to act?
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Sign up on Binance
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Safeguard your holdings with a Ledger hardware wallet
This is not financial advice. Always do your own research and assess your risk appetite.