Ethereum Price Can Dominate Rally Over Bitcoin as $1.5B ETH Whale Wakes Up

Amid the broader crypto market consolidation, Ethereum ETH $2 997 24h volatility: 2.7% Market cap: $362.17 B Vol. 24h: $24.99 B is showing strength with a 1.35% gain today, trading around $3,153.

Latest data indicates that whale entities have been rotating capital from BTC BTC $86 796 24h volatility: 2.4% Market cap: $1.73 T Vol. 24h: $39.82 B to ETH. If this trend continues, it could set the stage for the next altcoin rally.

Ethereum Price Shows Strength Above $3,000

Following a drop to $3,050 earlier today, Ethereum price has shown strength amid strong buying interest. As ETH flirts with $3,150, the daily trading volumes have surged 125% to more than $20.5 billion.

Popular market analyst Ted Pillows noted that ETH is showing strength after holding above the key $3,000 support level. The largest altcoin has since staged a quick recovery.

Pillows noted that as long as the current support zone remains intact, ETH could rebound toward the $3,300-$3,400 range. However, the analyst warned that a breakdown below $3,000 could trigger a rapid decline toward levels below $2,800. So far, investors have been actively buying the Ethereum price dips.

Another popular X handle, Bitcoinsensus reported that the ETH/BTC trading pair has generated a bullish signal on the monthly chart.

The MACD indicator flashes a bullish signal. The analyst noted that this type of signal is rare and usually appears only once per market cycle.

According to Bitcoinsensus, the last time a similar setup occurred, it triggered a significant capital rotation into altcoins over the following year. This suggests a notable shift in market dynamics from BTC to ETH.

ETH Mega Whale Buys 38,576 Coins

The whale activity surrounding Ethereum has spiked once again. On-chain data shows that during the recent market dips, a mega whale dubbed 66kETHBorrow has turned active again, buying the dips.

The wallet, which previously acquired around 489,696 ETH valued at approximately $1.5 billion, has resumed buying activity over the past several hours.

Data shows that within the last 8 hours, the whale borrowed $85 million in USDT from the Aave AAVE $183.9 24h volatility: 4.1% Market cap: $2.79 B Vol. 24h: $337.24 M lending protocol, transferred the funds to Binance, and subsequently withdrew 38,576 ETH valued at roughly $119.3 million.

The renewed accumulation comes as the broader market consolidates. It suggests continued conviction from large holders despite short-term volatility.

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