The Ethereum (ETH) price is flashing a compelling buy signal as Bitfinex whales aggressively accumulate ETH against Bitcoin (ETH/BTC). The last few times these ETH whales were active, it caused an explosive rally in Ether and altcoins. With Ethereum still trading 43% below its all-time high, as of November 2021, and Bitcoin dominance hovering near cycle peaks, this whale activity could foreshadow a major reversal for ETH price.
Why Bitfinex Whales ETH Accumulation Matters?
Crypto exchange Bitfinex, favored by institutional traders and high-net-worth “whales,” has a track record of whale-driven market moves. These investors are now accumulating ETH against Bitcoin (ETH/BTC), which has often marked local bottoms for Ethereum price and sparked full-blown rallies.
Past cycles show that during these phases of sustained buying pressure from Bitfinex ETH whales, Ethereum’s value has dramatically outperformed Bitcoin. This bulllish Ethereum price prediction based on whale behaviour was spotted by crypto analyst MaxBecauseBTC.
The current ETH/BTC chart mirrors previous setups, with whales aggressively buying the pair amid Ethereum’s relative underperformance. If history rhymes, it could hint a mean reversion play for ETH price, allowing it to close the gap against Bitcoin—a scenario that could propel ETH to new highs if BTC stability persists.
Such a development could also catalyze an alt season, where BTC potentially stagnates, allowing capital to rotate into altcoins.
Can Ethereum Price Revisit $4,000 Amid ETH Whales Accumulation?
According to popular analyst RektProof, the opportunity cost of Ethereum price is undeniably high for the next few weeks. His analysis compares Ethereum (ETH), Bitcoin (BTC) and Gold (XAU). The chart notes similar characteristics for Gold and BTC before an explosive move to new highs. For each of these assets, there was a range deviation before ATH.
Currently, Ethereum price is recovering from its second rangebound deviation, hinting that an explosive rally will follow next.
Key ETH price levels include $2,900. A decisive flip of the hurdle into a support floor will confirm the start of the bullish phase. In this explosive stage, the range high at $4,100 will be a key level for booking profits. However, RektProof notes that the target for this opportunity cost may see Ethereum price revisit the 261.8% Fibonacci extension level at $6,500.
Frequently Asked Questions (FAQs)
Bitfinex whales’ ETH accumulation has historically marked local bottoms for Ethereum price and sparked full-blown rallies.
Ethereum is still trading 43% below its all-time high as of November 2021.
The potential target for Ethereum price could be the 261.8% Fibonacci extension level at $6,500.
Akash Girimath
Senior Cryptocurrency Analyst & Market Strategist
Engineer-turned-analyst Akash Girimath delivers data-driven insights on cryptocurrency markets, DeFi, and blockchain technology for platforms like AMBCrypto and FXStreet. Specializing in technical analysis, on-chain analytics, and risk management, he empowers institutional investors and retail traders to navigate market volatility and regulatory shifts.
A hands-on strategist, Akash merges active crypto portfolio management with research on Web3, NFTs, and tokenomics. At AMBCrypto, he led cross-functional teams to redesign content frameworks, achieving record-breaking traffic growth through scalable editorial strategies. His analyses dissect market sentiment, investment strategies, and price predictions, blending macroeconomic trends with real-world trading expertise.
Known for mentoring analysts and optimizing workflows for high-impact reporting, Akash’s work is cited across global crypto publications, reaching 500k+ monthly readers. Follow his insights on YouTube, X, and LinkedIn for cutting-edge perspectives on decentralized ecosystems and crypto innovation.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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