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Whale Buying And ETF Inflows Lift Ethereum, With Traders Watching $4,000 Resistance

Exchange balances have fallen to about 8.6% of supply, pointing to tighter sell-side liquidity.

Overview

  • Santiment says whales and sharks accumulated about 934,240 ETH over three weeks as small retail wallets sold roughly 1,041 ETH.
  • Addresses holding 10,000–100,000 ETH added more than 800,000 coins from mid-October to early December, signaling a tilt toward larger holders.
  • Ethereum reclaimed the ~$3,250 zone and probed ~$3,400 after an intraday gain near 8.5%, with one analyst citing a bullish pennant that projects a move toward ~$3,700.
  • CryptoQuant reports exchange balances near 8.6% of total supply, the lowest share since 2015, alongside roughly 5% growth in staked ETH that further constrains tradable supply.
  • U.S. spot ETH ETFs returned to net inflows this week as traders weigh the Federal Reserve decision and assess prospects for a push toward $4,000 or a pullback from resistance.