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Ethereum whales have picked up more than $ 1.6 billion in ETH in the last two days, even if speculation swirls to find out if the co-founder Jeffrey Wilcke is preparing to sell.
Fifteen portfolios bought more than 406,000 ETH during the period, explains Lookonchain, at Crypto Exchanges Kraken, Galaxy Digital, Bitgo and Falconx.
In the meantime, Wilcke recently transferred 1,500 ETH, worth around 6 million dollars, to the Crypto Exchange Kraken. This decision triggered the speculation of a possible sale, although it is not clear if the tokens were sold or moved between the wallets. Wilcke, who now directs the video game company Grid Games, has not publicly commented on transfers.
A portfolio probably belonging to Jeffrey Wilcke – the co -founder of #Ethereum– just deposited 1,500 $ ETh ($ 5.99 million) in #Kraken.
During last week, this portfolio transferred a total of 2,500 $ ETh ($ 10.3 million) in Kraken at an average price of $ 4,124 and currently holds 2,058 $ ETh… pic.twitter.com/ilzbwj5stm
– Spot on the channel (@spotonchain) September 25, 2025
In August, Wilcke sent $ 9.22 million from ETH to Kraken after moving $ 262 million earlier, then republished a tweet from another user who said: “I bet he will sell more in the future.”
Eth Price has critical levels
The price of Ethereum remains linked to the near range $ 3,900Returning recent stockings slightly around $ 3,800. Traders look closely if ETH can exceed $ 4,000 or if it will retest the lower support areas.
Despite the volatility of the market, purchases of important whales imply confidence in the potential of the ETH for gains and future stability.
If Ethereum continues to hold above its current support zone, the probability of a bullish reversal is strengthened. The next resistance to watch is about $ 4,200 (R1). A decisive rupture above this level could open the way to a renewed thrust towards the $ 5,000 mark.
The relative resistance index (RSI) recently plunged near the territory of occurrence, reflecting the lower momentum. However, these conditions often precede a price rebound, which suggests that Ethereum could prepare for a recovery if the purchase of pressure yields.
Ethusdt Source analysis: tradingView
From a fundamental perspective, Ethereum maintains strong support. The introduction of Ethereum’s ETF of ETHEREUM in the United States has created a new institutional demand, while the continuous role of the network in decentralized finance (DEFI) and its current technical upgrades strengthen long-term optimism.
However, the risks persist. A drop below the level of support of $ 3,800 could trigger a deeper correction, which potentially led ETH to $ 3,500 and extend its consolidation phase.
For the moment, traders are looking closely. A rebound in the current levels could rekindle the momentum and put Ethereum back to CAP for $ 5,000. Failure to comply with support can, however, invite more short-term short-term.
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