🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
Ethereum Reclaims Bullish Momentum as Whales Fuel Accumulation
Ethereum reclaims its 5-year trendline with bullish MACD signals, marking a major technical shift backed by strong momentum.
Whale wallets absorb over 6,000 ETH as accumulation hits record highs, reflecting deep confidence despite Ethereum trading below past peaks.
Historic inflows and bullish technicals suggest Ethereum may enter a fresh uptrend as long-term holders aggressively position for the next cycle.
Ethereum is signaling a strong recovery as it reclaims its 5-year ascending trendline and records historic whale accumulation. The asset's price, currently hovering near $2,567, rebounded sharply after a brief deviation below this long-term support. Moreover, Ethereum's MACD on the weekly timeframe is flipping bullish, echoing past trend reversals
Investor sentiment appears to be turning radically. Accumulation pockets are absorbing ETH at a record pace, the most robust inflow activity since 2017. This is spotlighting a robust undertow of confidence from long-term holders, all while the broader market is taking a cautious approach.
Trendline Recovery Sparks Momentum
The weekly ETH/USD highlights Ethereum's resilience over the years. It has tested its long-standing trendline multiple times since 2020. Despite harsh corrections, the price has consistently formed higher lows and sustained upward impulses. In early 2024, Ethereum briefly fell below this critical line, forming a bearish deviation. However, the breakdown failed to hold. Buyers stepped in aggressively, reclaiming the trendline with conviction.
Source: Titan Of Crypto
The MACD confirmed this recovery with a bullish crossover. This move reflects increasing momentum and a shift in trend strength. Notably, similar crossovers in 2020, 2021, and 2023 preceded powerful rallies. Hence, this alignment suggests another strong upward cycle may be forming.
Whales Trigger Record ETH Inflows
Besides price action, on-chain metrics reveal a compelling accumulation trend. Accumulation address inflows have exploded in early 2025, outpacing all previous peaks. These wallets absorbed over 6,000 ETH within a short window, according to data. Moreover, this spike occurred while Ethereum’s price remained below previous highs.
Historically, such inflows follow market corrections or lengthy consolidations. However, the scale of current activity is unmatched. It underscores a growing divergence between price and accumulation behavior. Whales appear to be positioning ahead of what they expect to be a major cycle.
Source: Junaid Dar
Additionally, this activity indicates deep-rooted conviction in Ethereum’s long-term value. It also hints at expanding institutional and strategic accumulation. Hence, the market’s underlying structure remains robust, even if prices lag.
The post Ethereum Reclaims Bullish Momentum as Whales Fuel Accumulation appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.