Ethereum Price Prediction: Whale Accumulation Masks Concerning On-Chain Signals

Recent market activity shows increased accumulation of Ethereum ETH by large investors, including institutions. though, this bullish signal is tempered by weakening on-chain metrics, raising questions about the cryptocurrency’s short-term price sustainability. The influx of capital comes as network growth slows and valuation indicators suggest limited upside potential.

Whale Activity and Institutional Interest

SharpLink Gaming recently acquired 1,989 ETH, valued at approximately $4.82 million, through an over-the-counter (OTC) transaction, according to data from LookOnChain. This purchase expands SharpLink Gaming’s total ETH holdings to 190,467 ETH, equivalent to nearly $478 million. This follows an earlier acquisition of 188,478 ETH, demonstrating