Ethereum Price Prediction: Whales Sweep $1.1 Billion in ETH in 48 Hours, Breaking Nears?

Ethereum (ETH) recently hit new records, with transaction throughput reaching all-time highs. Large whales have been aggressively buying during the market pullback, accumulating over $1.1 billion worth of ETH within just 48 hours. With significant institutional and whale interest entering the market, is ETH on the verge of a new explosive rally? This article delves into Ethereum’s current on-chain data, market trends, and potential breakout signals.

Ethereum Ecosystem Achieves Record High in Transaction Throughput

Ethereum’s network transaction per second (TPS) has once again broken records, demonstrating strong scalability and an active on-chain ecosystem.

(Source: X)

• According to on-chain data, ETH network peaked at 3,453 TPS at 14:37 UTC, shortly afterward reaching a new high of 3,872 TPS.
• The network consistently maintains TPS above 2,600, with the Base Chain (BASE) contributing over 1,800 TPS, accounting for more than half of all network transactions.
• Arbitrum (ARB) follows closely with 477 TPS, and emerging Layer 2 (L2) networks like Soneium are beginning to capture meaningful market share.

This technical breakthrough indicates Ethereum is steadily improving its scalability and efficiency, laying a foundation for large-scale applications and potential price surges.

Whale Accumulation and Large Buy Orders Boost Confidence

Despite recent market declines, whale investors have shown strong capital inflows, signaling confidence in ETH’s long-term prospects.

• On-chain data shows that over the past 48 hours, whales have purchased a total of 323,523 ETH, worth approximately $1.12 billion, with purchase prices mainly between $3,247 and $3,515.
• One large wallet (which previously borrowed 66,000 ETH from Aave) alone bought 257,543 ETH, nearly $8.96 billion worth.
• Another group of wallets, dubbed “7 siblings,” collectively increased their holdings by 37,971 ETH, and newly created wallets have bought over 14,000 ETH.

This significant capital inflow suggests major investors believe ETH’s current price is near the bottom and anticipate a rebound rather than a continued decline.

Technical Outlook: Ethereum May Be Approaching a Macro Breakout

Analysts note that ETH is currently in a long-term compression zone similar to those seen in 2016–2018 and 2018–2021, both of which ended with sharp price rallies.

• The current 2022–2025 structure shows ETH testing the supply zone around $3,800 to $4,200, while still remaining above multi-year upward trend lines.
• If ETH can hold this trend line, the current pullback is likely just a “consolidation phase” before a breakout, not a trend reversal.

This suggests ETH’s long-term health remains intact, and the market may be on the cusp of the next cyclical upward move.

Conclusion

In recent days, Ethereum has demonstrated strong technical and capital inflow signals: record-high network throughput, continued whale accumulation, and a healthy price structure. Taken together, these factors imply ETH could soon experience a macro-level breakout. For investors, the coming weeks may be critical in determining whether ETH can establish a new upward cycle.