ETH Price Ready to Explode? Mega Whales Just Made Their Biggest Move Since July

Ethereum (ETH) mega-whales are quietly loading up on massive positions, with addresses holding over 10,000 coins showing the most aggressive accumulation pattern in months.

ETH Whales Go All-In During Market Uncertainty

The smart money is making moves while everyone else is sleeping. Fresh data reveals that Ethereum mega-whales – those monster addresses holding more than 10,000 ETH – have been on an absolute buying spree since early July.

Here's what caught attention: whale wallet count exploded from under 900 addresses in June to over 1,080 by late July. That's nearly 200 new mega-whale addresses entering the game in just weeks.

These aren't retail buyers – they're sophisticated institutional investors who don't mess around. When ultra-high-net-worth players start positioning like this while most traders are spooked, they're usually seeing something others are missing.

ETH Price Action Shows Classic Accumulation Pattern

While this whale activity was happening, Ethereum price was grinding sideways between $3,000 and $3,200 – exactly what you'd expect during a major accumulation phase.

The on-chain data lines up perfectly with price action, showing an "Aggressive Accumulation" zone right as ETH found its footing after earlier drops.

This is textbook behavior. Big players accumulate quietly while price stays stable, then once they've filled their bags, things get interesting. If this whale buying continues, ETH could hold above $3,000 and potentially launch higher in the coming weeks.