Ethereum Whales Step Back In as ETH Pushes Toward $4,200

Overview

• Addresses holding 100–10,000 ETH added 218,470 ETH in the past week after a mid-October sell-off, lifting their combined holdings to about 23.05 million, according to Santiment.
• Whale and shark wallets that unloaded roughly 1.36 million ETH between October 5 and 16 began re-accumulating from October 16 as selling pressure faded.
• Larger wallets with 10,000–100,000 ETH have been steadily increasing balances since April, with holdings near 31 million ETH, Alphractal data shows.
• Lookonchain tracked a rotation from Solana to Ethereum in which one entity sold 99,979 SOL (about $18.5 million) to purchase 4,532 ETH after bridging funds to Ethereum.
• ETH was around $3,940 on Oct. 26 and near $4,200 early Oct. 27, with reports citing returning spot ETF inflows, a cooler 3% US inflation reading, 36.15 million ETH staked, and exchange reserves near 15.9 million.