A new analysis reveals a staggering concentration of Ethereum holdings, with just 104 whale addresses controlling 57.35% of the total ETH supply.
Each of these addresses holds at least 100,000 ETH, collectively amounting to 83.81 million ETH—valued at an astonishing $333 billion. This marks the highest ever recorded holdings for this elite group, underscoring their influence in the Ethereum market.
Ethereum’s price action is currently confined within a critical range. The key support zone lies between $3,030 and $3,130, while significant resistance is observed between $3,640 and $3,740.
A decisive break above or below this range will likely dictate the direction of Ethereum’s next trend, making this a pivotal period for traders and investors.
Institutional players continue to show strong interest in Ethereum. Cumberland, a major trading firm, recently deposited 16,201 ETH (worth $55 million) to Coinbase, signaling heightened market activity. Additionally, Ethereum spot ETFs recorded a total net inflow of $131 million on December 23. BlackRock’s ETF ETHA led with inflows of $89.5 million, followed by Fidelity’s ETF FETH, which brought in $46.4 million.
The dominance of Ethereum whales and growing institutional investments highlight the evolving dynamics of the ETH market. With such a large concentration of supply in a few addresses and robust inflows into ETFs, Ethereum’s future will be shaped by the interplay between these major players and broader market sentiment. As traders monitor the critical support and resistance levels, the coming days could provide clarity on Ethereum’s next significant move.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: winst2014/123RF // Image Effects by Colorcinch
Cloud mining continues to gain massive traction as 2026 inches closer. In tough economic…
Solana Breakpoint wasn’t just another conference this year. It doubled as a stage for Jupiter…
Ripple has scored a major regulatory milestone in Europe. AMINA Bank AG, a Swiss-regulated digital…
a16z just dropped its annual report, and the message is clear: crypto isn’t slowing down.…
Ethereum has activated BPO-1, a protocol adjustment that increases blob capacity per block from 6…
CryptoBench just landed. Developed by ChainOpera AI and Princeton AI Lab, under the guidance of…