The inactive Ethereum whales revived almost five years later. This has attracted attention from the cryptocurrency community. Just a few hours ago, the whales deposited 15,000 ETH, worth around $68.2 million, at Bitfinex Exchange at an average price of 4,548 per token.
After five years of partial dormancy, the giant whale just returned, depositing $15,000 eth (~$68.2m, average price: $4,548) ~ #bitfinex ~2 hours ago.
The whale originally received $123,687 ETH (~$100 million, average price: $153.9) from the exchange on April 26, 2019.
The whale still holds…pic.twitter.com/1iel1i6zzt
– October 6th, 2025, spots from the chain (@spotonchain)
The move has attracted debate among traders as to whether it will affect the price of Ethereum, which is currently trading at $4,579.
Early accumulation will pay off
The Whale began its move on April 26, 2019 when it retracted 123,687 ETH from Bitfinex, worth around $19 million, at an average price of $153.9. That was when Ethereum was still in its first development stage before the defi explosion and the next market cycle.
The whale is worth around 85,785 ETH, about $392 million, and is found in three wallets, meaning that the deposit could have been intended as a calculated outlet rather than as a complete one. This type of profit selection is typical of adopting such assets early, rearranging them, and continuing to be exposed to the benefits of Ethereum.
Ethereum technology shows stable scaffolding
Price transfers for Ethereum are still bullish. The token continues to run above the 21-day exponential moving average (EMA) of $4,303, the level used to counter recent recovery. The daily relative strength index (RSI) stands at 43.64. This is a neutral momentum with no risk acquired and can move up.
The main support is at $4,250 and the resistance is at $4,720. The above rally may bring speculation about the final $5,000 goal, but external factors such as the upcoming US inflation statistics could weaken progressive drives.
The final words
Ethereum boasts a robust foundation and has seen the most token tokens on Crypto Space since 2017, unless it is encrypted. As evidenced by the ETF influx, short-term trepization continues to support long-term emotions, despite the triggering of the vortex movement.
This whale revival serves as a reminder about the potential for high-earning profits in crypto.
Ethereum’s ability to maintain more than $4,250 plays a key role in measuring market response. In the meantime, traders are waiting to see how their wallets behave, and anyone who trades on the frontier of the blockchain knows that perseverance is usually rewarded by confusion.
