Ethereum Whales Pile In $322M as Price Holds at $2,300

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In the market’s plain light, Ethereum whale activity grows like a rumor that refuses to die, a patient hand stirring coins while four days drift by.

Summary

  • Whales have placed 140,000 ETH into the sea of numbers in 96 hours, while the price lingers near $2,300, as if the horizon itself is taking a breath.
  • If ETH holds above $2,200, the north wind does not blow toward the $1,900 plains; or so the analysts murmur with a shrug and a loosened tie.
  • A clean rise above $2,400 could open a newer door toward $2,800, a stanza turning a page in a heavy book.

According to Ali Charts, the whales gathered more than 140,000 Ethereum in 96 hours, a sum that, counted in dollars, resembles about $322 million-enough to make a banker chuckle and a poet sigh.

The buying comes as ETH trades near $2,305.11. The asset recorded a 0.1% gain in 24 hours, while it remained down 1.04% over the past seven days. Daily trading volume stood at $6.8 billion.

Whale holdings rise as ETH price stays flat

The chart shared by Ali Charts shows a steady increase in Ethereum held by whale wallets. Holdings rose from about 13.78 million ETH to nearly 13.98 million ETH between May 1 and May 3, as if a quiet tide decided to rise without a roar.

This points to steady buying by large holders, not a single large transfer. The move also suggests that major wallets are adding exposure while price action remains quiet, like spectators at a theater where the play is on, but the audience wishes for more thunder.

However, traders are still waiting for stronger confirmation. ETH has remained close to $2,300, and market momentum has not yet followed the whale buying trend, which is to say the chorus hasn’t begun singing in earnest.

$2,200 remains key support for Ethereum

Ethereum is still trading above the $2,200 support area. Analysts view this level as important for the current market structure, the hinge on which the door might swing.

If ETH holds above $2,200, the price could continue its slow recovery toward the $2,800 resistance zone. A move above $2,400 may also give traders a stronger long setup, a sunlight break through clouds that never quite obey the weather forecast.

However, the downside risk remains clear. A breakdown below $2,200 could weaken the structure and open the way toward $1,900, a corridor where even the bravest calculators whisper about gravity.

The intraday outlook also remains mixed. The chart was described as “choppy and slow,” with traders waiting for a better structure before entering new positions, as if the market itself were savoring a cup of tea before choosing its next move.

$2,400 breakout may decide the next move

ETH has formed a base around the $1,800 to $2,000 area after a sharp decline earlier in the year. Since then, the price has printed higher lows, showing a gradual recovery, perhaps a stubborn dawn refusing to concede to night.

Still, Ethereum remains below a major descending trendline. The $2,400 area is the nearest resistance. A clean breakout above it could support a move toward $2,600 and then $2,800, like stairs that finally decide to climb when the weather agrees.

The broader resistance near $3,700 remains far above current levels. That area still marks a major test for any wider recovery.

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2026-05-03 10:38