Ethereum trading volume jumped 163% this week as three new whale addresses collectively accumulated 25,425 ETH, on-chain data shows. The buying spree is being viewed as the foundation for a proper retrace, according to market observers.
Whale activity in detail
The three addresses appeared on the network within the past seven days, each scooping up significant chunks of ETH. Combined, they now hold over 25,000 ether — a position worth roughly $50 million at current prices. The 163% volume spike suggests these weren't one-off buys but sustained accumulation over multiple transactions.
Why accumulation matters
Large-holder buying often signals confidence in an asset's near-term direction. When whales accumulate during a downtrend or consolidation, it can absorb selling pressure and create a floor. The current accumulation is considered the foundation for a proper retrace — meaning traders expect a price pullback that doesn't break below recent lows, setting up a healthier rally later.
The key question is whether these whales continue buying or start distributing. If accumulation persists, it could fuel a move higher. If they sell into strength, the retrace could turn into a deeper correction. Traders are watching the next few days for signs of follow-through or a shift in behavior.
