TL;DR
- Our grand aquatic friends-the Ethereum whales-have just swallowed 260,000 ETH in a single day, nudging their hoard to a mythical 29.6 million tokens.
- Exchanges saw a whale-size exodus of 2.8 million ETH in mid-August, just as Ethereum danced from $3,600 to $4,800, because who doesn’t love a dramatic exit?
- Merlijn, the oracle of charts, declares: “Resistance? Ha! That’s yesterday’s bedtime story. Now it’s a launchpad! The $7,000+ plot twist is coming.”
The Whale Party Is Lit
In the deep digital ocean, wallets belonging to giants-those clutching between 10,000 and 100,000 ETH-have gulped down roughly 260,000 shiny digital coins within one relentless day. Analyst Ali Martinez, who probably dreams in charts, reports these creatures now swagger with nearly 29.6 million ETH in their hidden grottoes.
“260,000 Ethereum $ETH bought by whales in the last 24 hours!”
– Ali (@ali_charts) September 2, 2025
This colossal feast happened while ETH lounged about $4,400, refusing to burst into a fireworks display-because whales prefer drama on their own schedule.
Meanwhile, exchanges witnessed a slow-motion exodus. August looked like a continuous retirement party for ETH holders, with 2.8 million tokens waved goodbye on August 14. As Ethereum waltzed from $3,600 to $4,800, owners slyly moved their treasures off exchanges-probably to avoid some pesky trader’s clutches.
Come late August, the withdrawals kept their feverish pace even as price simmered between $4,300 and $4,600. By September’s dawn, daily outflows cooled below 500,000 ETH-perhaps the whales had indigestion-but prices stayed stoic, like a cat unimpressed by your tricks.
Funding Rates: When Bulls Pay the Piper 🎩
Throughout August, funding rates held a sunny disposition, meaning long traders were gladly tossing coins to hold their bullish hopes aloft. These rates often spiked in time with price rallies-because misery, unlike profits, loves company.
On September 2, funding rates flirted with 0.02, one of the month’s highest notes, while ETH daintily pirouetted near $4,300. This suggests leveraged bulls are leaning in like eager spectators… though, spoiler alert, high funding can mean the house of cards might wobble spectacularly.
Charts Tell Tales; Merlijn Prescribes the Cure: Expansion
Merlijn The Trader-part cryptic sage, part comic relief-declares Ethereum smashed through a stubborn multi-year resistance, now comfortably turned into a cozy support. Imagine a grumpy bouncer suddenly inviting you to the VIP lounge-that’s the chart.
His words:
“Ethereum has entered the expansion phase… This isn’t resistance anymore. It’s the launchpad. $ETH $7,000+ is the play.”
So, Ethereum respects its ancient channels like a proper poet respects meter; the new upward story unfolds with the grace of a cat knocking things off a shelf.
As we relayed yesterday in our tales of digital fortunes, Merlijn also links Ethereum’s pulse to the global flood of M2 liquidity. The sleepy accumulation below $2,750 has passed into memory, and the current chapter is branded “Bull Run”-grab your popcorn. 🍿
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2025-09-02 12:09