Ethereum’s price has been stuck lately, repeatedly failing to break through the $2,800 mark. But could things be about to change? Recent data suggests a potential big rally is on the horizon.
What the Whales Are Saying
A crypto analyst, Darkfost, noticed something interesting. They looked at the average order size on Binance – basically, how much the average trader is buying or selling. This gives a clue about who’s driving the market: big institutional investors (“whales”) or smaller retail traders.
Darkfost’s analysis showed a surge in large orders on Binance since May 19th. This isn’t just any indicator; the last time this happened was in December 2023, right before Ethereum jumped from $2,200 to $4,000 – an 80% increase!
Darkfost argues that these whale orders suggest big players are getting in early, betting on a significant price increase. They’re not just trying to snag the lowest price; they’re positioning themselves for what they see as a major upward trend.
The Bottom Line
The analyst believes May might have been a great time to buy Ethereum, and the whales seem to agree. With this indicator flashing, Ethereum could be poised for another massive price jump.
Current Price: As of writing, Ethereum is trading around $2,537./p>
