Ethereum is on the brink of retrieving an all-time high after setting a fresh multi-year peak at $4,792. The Bulls are driving momentum and keeping momentum down as Bitcoin pauses in the combined range. This food stall in BTC’s advancement created room for altcoins to shine, igniting a wide bullish phase across the market.
Institutional demand continues to play a pivotal role in Ethereum gatherings. Data on the chain shows a stable accumulation by large investors, with wallets linked to major institutions and funds consistently added to the shares held. This purchase pressure is strengthened by dynamic tightening of the supply. Exchange ETH balance and commercial (OTC) desks will drop rapidly, reducing the amount of coins that can be easily sold.
A combination of reduced supply, strong investor trust, and a favorable macro background put Ethereum in a key position to challenge its previous highs. Market participants are closely viewing the $4,800-$4,900 range as a key zone of resistance. A breakout beyond this level could set the stage for new price discoveries and accelerate the bullish momentum of the Altcoin market.
Ethereum whales’ activity shows confidence ahead of the potential alto season
According to blockchain intelligence company Arkham Intelligence, Ethereum witnessed one of the biggest single whale transactions of the year. The newly created wallet retracted 60,000 ETH (worth approximately $284.76 million) from Coinbase Prime last night. The overall total is currently piled out, indicating a strong, long-term commitment to maintaining and securing the network.

Further analysis shows that the whales have already moved 3,200 ETH (valued by $14.75 million) into four separate wallets. In particular, one of these wallets deposits its share directly into Coinbase staking, confirming that this is a deliberate accumulation and yield generation strategy rather than a speculative short-term trade. The wallet address, 0x697d8EFB007EC5CCAC0C67290D545B916348480B, is currently on the Market Watcher radar.
Analysts suggest that such a large staking activity is a bullish signal in Ethereum’s price trajectory. By locking up a substantial amount of ETH, this whale can effectively remove significant liquidity from the market and tighten supply during periods of strong institutional demand.
Some market experts believe Ethereum could become the main catalyst for the wider Alt season in the coming weeks. With Bitcoin consolidating near record highs, capital turnover into high-quality altcoins led by ETH could ignite a fresh wave of market enthusiasm and push the sector into a more aggressive bullish stage.
Price Action Details: Weekly Chart Analysis
Ethereum (Eth) continues his impressive rally, winning a week strongly to close, pushing it to a multi-year high of nearly $4,792. The weekly chart shows a sharp upward trajectory for the past month, with ETH breaking through major resistance levels at $3,200 and $4,000, with little hesitation.

The 50-week moving average (blue) shows strong bullish momentum, decisively surpassing the 100-week MA (green). Price Action is far more than the 200-week MA (red), highlighting the current upward trend. Even during this rally, the volume was prominent, indicating that purchasing pressure is supported by solid market participation rather than thin liquidity.
However, sharp vertical movement suggests an overly extended short-term condition, increasing the risk of pullback or integration in front of the next leg. As long as ETH is above the $4,200-4,300 support zone, the bullish structure remains intact, with traders looking at potential breakouts into unknown territory.
Dall-E special images, TradingView chart