Ethereum price stays above $1,900 as whales buy $152M ETH

Ethereum is holding above $1,900 as major investors, known as whales, continue to make significant purchases, signaling a potential shift in market sentiment. The cryptocurrency traded near $1,923 on August 8, recovering from a low near $1,820 last week, supported by renewed accumulation from large holders.

On-chain data reveals substantial whale activity. Two whales accumulated a total of 80,000 ETH, valued at approximately $152 million, in recent transactions. One entity withdrew 30,000 ETH, worth $57.21 million, from Coinbase Prime and distributed it across new wallets. Another acquired 50,000 ETH, worth $95.73 million, from a Fidelity-linked wallet. This aligns with a broader trend where the cohort of wallets holding between 10,000 and 100,000 ETH has added 5.6 million ETH since mid-2025, absorbing supply being released by smaller holders. Ethereum's Whale Sentiment Index remained above 60, indicating heavy buying interest among large holders.

This accumulation is occurring while Ethereum trades well below its realized price of approximately $2,450. Analysts note that a similar price relationship to the realized price band marked a market bottom in early 2025. Institutional...