Ethereum is showing signs of something big brewing under the surface. While the ETH price is still hovering below its all-time highs, on-chain data reveals that whales are buying ETH more aggressively than ever before.
According to popular crypto influencer Crypto Rover, who has over 1.2 million followers on X, Ethereum just recorded its highest-ever inflow into accumulation addresses. These are wallets known for receiving ETH and rarely sending it out, usually linked to long-term holders or large institutional buyers. The spike is clearly visible on the CryptoQuant chart he shared, where the latest bar shows a stunning inflow of over 600,000 ETH in a single day. That is the largest one-day accumulation ever recorded for Ethereum.
This type of behavior from whales is usually a bullish signal. It means big players are quietly loading up, likely expecting a major move ahead. What’s even more interesting is that this accumulation is happening while ETH is still trading well below its all-time high. In previous cycles, similar whale buying came just before explosive rallies. The data suggests they may be preparing for Ethereum to climb well beyond its current levels. Crypto Rover boldly predicted that Ethereum could surge to $10,000 soon.
WHALES ARE BUYING ETHEREUM LIKE NEVER BEFORE
— Crypto Rover (@rovercrc) May 10, 2025
SEND $ETH TO $10,000! pic.twitter.com/bFek9CFs5w
What you'll learn 👉
Whales Aren’t the Only Signal: A Breakout Pattern Is Forming
While the inflow chart shows what’s happening behind the scenes, technical analyst Crypto Fella is pointing to what’s forming on the Ethereum price chart. He shared a monthly ETH/USDT chart that shows Ethereum moving inside a massive symmetrical triangle. This pattern stretches back to the 2021 bull market top and features clear lower highs and higher lows, forming a tight structure.
The ETH price bounced strongly off the triangle’s lower support line, which also lines up with a major horizontal support zone between $1,800 and $2,000. This reaction suggests that buyers are stepping in at a critical area. The triangle is nearing its apex, and as with most symmetrical patterns, the pressure is building for a sharp breakout.
$ETH – #Ethereum: those who didn't believe, will be left behind. Most hated rally with big catalysts.
— Crypto Fella (@CryptoFellaTx) May 10, 2025
– Pectra update
– Approval of ETH ETFs staking soon
– Most institutional adoption pic.twitter.com/WgT3522Nmm
If ETH breaks above the descending resistance line of the triangle, it could trigger a wave of bullish momentum. The structure supports the idea that Ethereum is gearing up for a big move – and with catalysts stacking up, that move might be upward.
Read also: XRP Price Flashes Buy Signal After Breaking Out, Eyes $3 Run
Catalysts Are Aligning
It’s not just the charts and whale activity. Ethereum’s broader fundamentals are improving fast. The upcoming Pectra upgrade is expected to significantly boost performance and scalability. There is growing speculation that a spot ETH ETF with staking could soon be approved. And institutions continue to quietly add Ethereum exposure behind the scenes.
All these pieces are coming together. The whales are moving first, the chart is coiling up, and the ecosystem is evolving fast. Whether Ethereum hits $10,000 in the short term or not, it looks like the next big phase is beginning. Those who wait too long may be watching this rally from the sidelines.
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