Major <b>Ethereum (ETH)</b> investors, often referred to as "sharks" and "whales," are demonstrating a strong return to the market, reversing a recent period of aggressive selling. These large wallets, which hold between 100 and 10,000 <a href="https://www.cryptoknowmics.com/news/ethereum-whale-moves-289-million-potential-impact-on-eth-price/">ETH</a>, had previously offloaded a massive <b>1.36 million coins</b> between October 5 and 16, a period marked by significant price volatility and the October 10 market-wide crash. However, the selling pressure has ceased, and the large holders are now in an active accumulation phase.
<h2>Rebuilding Stashes After the Crash</h2>
[embed]https://twitter.com/santimentfeed/status/1981867274723000331[/embed]

According to on-chain analytics, the behavior of these influential wallets has dramatically shifted over the past week, with them "finally showing some signs of confidence." Since the selling subsided, these large holders have already managed to add back "close to 1/6th" of the stash they previously sold. This rapid re-accumulation is seen as a <b>"positive sign for crypto's #2 market cap"</b>, signaling that significant capital is flowing back into Ethereum and reducing the immediate supply available for sale.
<h2>Bullish Outlook as Leverage is Wiped Out</h2>
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The renewed confidence among big investors is supported by broader market observations. A major industry figure, Tom Lee, who oversees a sizable ETH treasury and has been behind massive institutional purchases, pointed out that the recent market crash was primarily driven by the liquidation of excessive leverage in futures trading. With over $19 billion wiped out in that single event, the open interest for both Bitcoin and Ethereum has fallen to historic lows. Lee suggests this deleveraging has cleared the path for a <b>"crypto rally into the end of the year."</b>
<h2>What This Means for ETH’s Price</h2>
The mass purchase of a major asset by whales and sharks is typically interpreted as a highly <b>bullish</b> signal. Their accumulation reduces selling pressure and indicates they believe the current price presents a strong buying opportunity. While immediate short-term targets like $5,000 seem feasible, given ETH's proximity to that mark months ago, larger projections are more distant. As one analyst, Ali Martinez, remarked, "Ethereum $ETH will hit $10,000… Just not as soon as you think!" This long-term conviction, combined with low market leverage, sets a strong foundation for ETH’s price trajectory heading into the new year.

Ethereum Whales and Sharks Return: Accumulation Spree Signals Renewed Confidence

Large Ethereum wallets (sharks & whales) are aggressively re-accumulating ETH after dumping 1.3M coins, signaling renewed confidence and a potential rally.

Ethereum Whales and Sharks Return: Accumulation Spree Signals Renewed Confidence

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