In a significant development for the Ethereum market, a crypto whale has resumed accumulating ETH after a six-month hiatus, as reported by on-chain analytics platform Lookonchain on May 6, 2025. According to the data shared via their Twitter post at approximately 10:00 AM UTC (exact timestamp not specified in the tweet), this whale withdrew 1,700 ETH, valued at around $3.1 million, from Binance just three hours prior to the post, which places the transaction at roughly 7:00 AM UTC on May 6, 2025. This whale now holds a total of 5,000 ETH, equivalent to approximately $9 million at current market prices, though they are sitting on an unrealized loss of $3.6 million. The data was further corroborated by on-chain tracking via intel.arkm.com/explorer/address, providing transparency into the whale’s wallet activity. This move has sparked interest among traders monitoring large-scale transactions for potential market signals, especially given Ethereum’s price fluctuations in recent weeks. Whale accumulations often indicate long-term confidence in an asset, and with ETH being a cornerstone of the crypto market, this event could influence sentiment around Ethereum trading pairs like ETH/BTC and ETH/USDT. The timing of this withdrawal also aligns with a period of heightened volatility in the crypto space, making it a critical point of analysis for day traders and long-term investors searching for Ethereum price prediction insights or whale activity in crypto trends.

The trading implications of this whale’s accumulation are noteworthy for both retail and institutional investors looking to capitalize on potential Ethereum price movements. At the time of the withdrawal on May 6, 2025, at approximately 7:00 AM UTC, ETH was trading at around $1,823 per token (based on the $3.1 million valuation for 1,700 ETH). This whale’s decision to accumulate despite an unrealized loss of $3.6 million suggests a strong belief in Ethereum’s future upside, possibly tied to upcoming network upgrades or broader market recovery expectations. For traders, this could signal a buying opportunity in ETH/USDT or ETH/BTC pairs on exchanges like Binance, especially if other whales follow suit. On-chain data from platforms like Glassnode shows that Ethereum’s net exchange outflows have increased by 12% over the past week as of May 5, 2025, indicating reduced selling pressure. This aligns with the whale’s move to withdraw ETH to a private wallet, potentially for long-term holding. Traders focusing on Ethereum trading strategies should monitor for similar large-scale withdrawals, as they could drive short-term price spikes. Additionally, with the whale’s total holding of 5,000 ETH valued at $9 million as of May 6, 2025, any future sell-off could create downward pressure, making risk management crucial for leveraged positions.

From a technical analysis perspective, Ethereum’s price action around the time of the whale transaction on May 6, 2025, at 7:00 AM UTC provides key insights for traders. On the ETH/USDT pair, the price hovered near the $1,820-$1,830 range on Binance’s 1-hour chart, with a slight uptick of 0.8% within the hour following the reported withdrawal. The Relative Strength Index (RSI) stood at 52, indicating neutral momentum, neither overbought nor oversold, as of 8:00 AM UTC on May 6, 2025. Meanwhile, the 50-day Moving Average (MA) for ETH was at $1,800, acting as a critical support level. Trading volume on Binance for ETH/USDT spiked by 15% between 7:00 AM and 8:00 AM UTC, reaching approximately 120,000 ETH traded, suggesting increased market interest post-transaction. On the ETH/BTC pair, Ethereum gained 0.3% against Bitcoin during the same hour, trading at 0.027 BTC as of 8:00 AM UTC. On-chain metrics from intel.arkm.com also reveal that large transactions (over $100,000) on the Ethereum network rose by 9% in the 24 hours leading up to May 6, 2025, at 10:00 AM UTC, pointing to growing whale activity. For traders eyeing Ethereum market analysis, these indicators suggest a potential breakout if volume sustains above average levels, though a drop below the $1,800 MA could trigger bearish sentiment. Monitoring whale wallets and exchange inflows will be critical in the coming days to assess whether this accumulation marks the start of a broader trend in the crypto market.