Ethereum (ETH) is seeing ongoing whale accumulation, but chart patterns signal caution. Analysts note that selling pressure is building, and the coin’s short-term outlook remains uncertain unless it can push above key resistance levels.
At the time of writing, ETH is trading at $4,305.76, with a daily trading volume of $44.87 billion and a market capitalization of $520.21 billion. The coin has gone down 2.07% over the last 24 hours, raising questions about its short-term direction.
In a notable development, a well-known crypto analyst, The Moon Show, reported that ETH whales are continuing to buy heavily. A mysterious whale was in focus after it bought 5,100 ETH recently.
#ETHEREUM ACCUMULATION BY WHALES CONTINUES!
— The Moon Show (@TheMoonShow) September 3, 2025
AN UNKNOWN WHALE HAS BOUGHT 5,100 ETH A FEW HOURS AGO.
IN THE LAST 5 DAYS, THEY HAVE BOUGHT 42,681 ETH WORTH $185M! pic.twitter.com/P71kf7787m
Even more striking, the same investor has cumulatively added 42,681 ETH, worth around $185 million, in the last five days. Such accumulation reflects confidence in Etereum’s long-term outlook.
Also Read | Ethereum Breakout Imminent with $8500 to $22000 Targets
However, not all indicators are positive. Prominent crypto analyst Alfa Crypto Signal highlighted that ETH’s 4-hour chart is forming a descending triangle, a setup often seen before potential downside moves.
Continuous price rejection at the downward resistance line, in association with support near the $4,200 area, reflects growing selling pressure. If that key support fails, the price would decline further to $3,900 to $3,700 targets.
In contrast, ETH can potentially regain its strength if it manages to surge from $4,450 with strong traction. In the meantime, all short-term direction remains cautious while whales are still on their accumulation spree.
Also Read | SharpLink Adds $177 Million in Ethereum, Total ETH Stash Nears $3.6B
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