The Ethereum whales have reduced their holdings to ETH of 2.9 million, but prices still rise.
Meanwhile, the Cardano Whale is steadily purchasing, demonstrating a strong belief in Ada’s long-term future.
Nevertheless, Ethereum could reach $4,050 if it breaks resistance of over $4,000 in the coming days.
Ethereum, the “king of altcoins,” trades for nearly $3,900 a year, but something unexpected happens behind the scenes. Top 100 Ethereum Whale Wallets quietly began selling ETH Holdings
Meanwhile, the top 100 Cardano Wallets are loaded into more ADAs each day, making the exact opposite.
Is this a warning from Ethereum holders or a bullish sign for Cardano?
Let’s break it down.
Ethereum whales are on sale, but prices continue to climb
Over the past few months, Ethereum’s biggest wallets have steadily reduced their ETH holdings. Since May, the share of total Ethereum supply has fallen from 22% to just 19.6%. This is a massive decline, with nearly 2.9 million ETHs gone from the top 100 wallets.
This type of movement usually means that these large players are making a profit and moving to other assets or perhaps preparing for volatility.
What’s surprising is that this sale happened while ETH continued to show strength above $3,800. If you clear the $4,000 mark, the price could jump to $4,050 or $4,200.
However, if you fail to pass $3,920, you may see a pullback to the $3,700 support zone.
I’ve bought a Cardano whale!
In contrast, top 100 Cardano (ADA) addresses are steadily adding ADAs every day. This slow and consistent accumulation indicates increased confidence from large holders, a type of behavior that is common before potential price transfers.
Instead of pulling out like the Ethereum whales, the Ada whales are taking a long-term stand and are hoping for something big in the future.
Currently, Cardano (ADA) prices are trading around $0.83, reflecting a slight decline. However, an area of $0.65-$0.66 is currently a strong support. Buyers are not lowering the price.
The next possible goal is $1, $1.2, or $1.4. If the trend remains strong, the ADA can even be $2.60 in the long run.
