In a significant market development for Ethereum, large-scale investors, often referred to as whales, have been actively accumulating ETH over the past two hours as of May 1, 2025. According to on-chain data tracker Lookonchain, at approximately 10:00 AM UTC, wallet address 0xDdb4 borrowed 3.44 million USDC from the decentralized lending platform Aave and immediately utilized the full amount to purchase 1,856 ETH at an average price of around $1,853 per ETH (Lookonchain, May 1, 2025). Simultaneously, another wallet, 0xf84d, borrowed 1.64 million USDC from Aave and spent a total of 2.34 million USDC to acquire 1,259 ETH at an approximate price of $1,858 per ETH during the same timeframe (Lookonchain, May 1, 2025). Additionally, a newly created wallet identified as 0x69D0 withdrew 2,250 ETH, valued at approximately 4.12 million USD, from an undisclosed exchange at around 10:30 AM UTC, signaling further accumulation by major players (Lookonchain, May 1, 2025). These transactions collectively represent over 5,365 ETH, equivalent to nearly 10 million USD, entering the hands of whales within a tight window, suggesting a strong bullish sentiment among high-net-worth investors. The Ethereum price at the time of these transactions hovered around $1,855, reflecting a 2.3% increase within the last 24 hours as reported by CoinGecko data accessed on May 1, 2025, at 11:00 AM UTC (CoinGecko, May 1, 2025). This whale activity could be a precursor to further price movements, especially as it aligns with growing interest in Ethereum’s fundamentals and potential upgrades. For traders searching for Ethereum whale activity or ETH price analysis for May 2025, this data indicates a pivotal moment in the market that demands close attention.

The trading implications of this whale buying spree are substantial for both short-term and long-term Ethereum investors. As of 11:30 AM UTC on May 1, 2025, the influx of over 5,365 ETH into whale wallets within two hours has contributed to a noticeable uptick in buying pressure on major trading pairs such as ETH/USDT and ETH/BTC across exchanges like Binance and Coinbase (Binance Order Book Data, May 1, 2025). On-chain metrics from Glassnode reveal that Ethereum’s net exchange flow turned negative by approximately 3,200 ETH during this period, indicating more ETH was being withdrawn from exchanges than deposited, a classic sign of accumulation (Glassnode, May 1, 2025). This behavior often precedes price rallies as supply on exchanges diminishes, potentially driving up spot prices. For traders, this presents a potential opportunity to enter long positions on ETH/USDT, targeting resistance levels around $1,900, which aligns with the 50-day moving average as of May 1, 2025 (TradingView, May 1, 2025). Additionally, the correlation between Ethereum and AI-related tokens like RNDR and FET has strengthened recently, with a 0.78 correlation coefficient noted over the past week (CoinMetrics, May 1, 2025). This is likely due to growing interest in AI-driven blockchain solutions, which could amplify ETH’s upward momentum if AI token trading volumes rise. Traders should monitor AI-crypto crossover opportunities, as increased sentiment around artificial intelligence applications in decentralized systems could further boost ETH demand.

Diving deeper into technical indicators and volume data, as of 12:00 PM UTC on May 1, 2025, Ethereum’s trading volume spiked by 18% compared to the previous 24-hour average, reaching approximately 12.5 billion USD across major exchanges (CoinMarketCap, May 1, 2025). This surge aligns with the whale purchases and reflects heightened market activity. The Relative Strength Index (RSI) for ETH/USDT on the 4-hour chart stands at 62, indicating bullish momentum without yet entering overbought territory (TradingView, May 1, 2025). Meanwhile, the Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the MACD line crossing above the signal line at 11:00 AM UTC, reinforcing the potential for further upside (TradingView, May 1, 2025). On-chain data from IntoTheBlock indicates that the number of addresses holding ETH for over one year has increased by 1.2% in the past week, suggesting long-term confidence among holders (IntoTheBlock, May 1, 2025). For AI-crypto market correlation, trading volumes for AI tokens like RNDR/USDT and FET/USDT have risen by 9% and 11% respectively over the past 24 hours as of 12:00 PM UTC, potentially driven by shared investor interest in Ethereum’s ecosystem (CoinGecko, May 1, 2025). Traders looking for Ethereum trading strategies or ETH technical analysis for May 2025 should consider these indicators alongside whale activity. A common question is: What does whale buying mean for Ethereum’s price? Historically, such accumulation often signals upcoming price increases due to reduced exchange supply, as evidenced by today’s negative net exchange flow (Glassnode, May 1, 2025). Another frequent query is: How do AI tokens impact ETH trading? The growing synergy between AI projects and Ethereum’s blockchain infrastructure suggests that positive developments in AI could drive indirect demand for ETH, a trend worth monitoring for diversified crypto portfolios (CoinMetrics, May 1, 2025).