Ethereum Whales Keep Swimming in Riches as Prices Slip Slide Away! 🐋💰

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As December draws to a close, Ethereum (ETH) finds itself in a rather unexciting predicament-a bit like a dull party where no one brings snacks and the music is stuck on repeat. Despite this slow-paced waltz of price action, it seems the big fish, or shall we say, the whales, are quite busy stacking their ETH like it’s the last slice of cake at a family gathering.

Large ETH Holders Are All Aflutter

Ah, the wallets of those hefty holders-controlling between 10,000 and 100,000 tokens-have shown a curious behavior: as if they were feeding on the finest caviar, their ETH balances have surged from a humble 17-18 million coins to a whopping 21 million! It’s almost as if they’re competing in a high-stakes poker game, and let’s just say, they’re not bluffing.

Crypto analyst Joseph Young chimed in with a proclamation of sorts: “Whale accumulation of ETH is at an ALL-TIME HIGH.” Quite the revelation! It appears these deep-pocketed patrons are accumulating outside of peak price conditions-likely uninterested in the fleeting whims of the market, much like a seasoned actor who knows the show must go on, regardless of the audience’s reaction.

gm

whale accumulation of ETH is at an ALL-TIME HIGH.

conviction capital sees ethereum:

> securing 68.2% of all DeFi TVL
> DATs aggressively stacking ETH
> issuing 64.44% of all stablecoins
> institutions like JPM building directly on ethereum

believe in ETH.

– Joseph Young (@iamjosephyoung) December 24, 2025

Meanwhile, Ethereum continues to be the belle of the blockchain ball, accounting for a staggering amount of on-chain financial activity. According to Conviction Capital, our dear network boasts 68% of the total DeFi value locked away, while doling out over 64% of all stablecoins. Even the likes of JPMorgan are getting cozy with Ethereum, laying down roots as if they were planning a long-term relationship-complete with a picket fence and a cute dog.

In the latest twist, Tom Lee’s firm, Bitmine Immersion Technologies, decided to add a casual 98,852 ETH to its balance sheet this past week. One can only imagine the celebratory dance that followed! This month alone, Lee’s ETH purchases have soared to approximately $953 million, leaving November feeling a tad jealous.

ETH Supply on Exchanges-A Vanishing Act

Now, let’s talk about Ethereum reserves on exchanges-they’ve taken quite the nosedive, slipping from about 20.8 million tokens to around 16.4 million over the past year. It’s akin to watching your favorite snack dwindle away while you’re distracted by a riveting television show. This reflects net outflows of roughly 4.4 million ETH from centralized trading platforms-are they being tucked away for safekeeping, or are they simply playing hide and seek?

The decline in exchange balances has persisted even amidst recent price pullbacks. It would seem that ETH is being whisked away into self-custody, staking contracts, or long-term storage, rather than being prepped for immediate sale-much like a fine wine that’s aged to perfection, awaiting the right occasion to be uncorked.

Prices Hover Like a Cat on a Windowsill

As it stands, Ethereum is trading at about $2,940, with modest weekly gains reminiscent of a tortoise in a race-slow but steady. Analysts observe that the price is nearing the 200-week exponential moving average, a level watched with bated breath during extended consolidations. CryptoPulse quipped that “a strong bounce from that level would help maintain the structure,” while a loss might lead us on a wild trip toward the $2,000-$2,100 range. Meanwhile, CryptoWZRD noted that holding above $3,060 could pave the way for some short-term merriment, while $2,800 remains a sturdy support zone-like that old chair you keep despite its questionable aesthetics.

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2025-12-24 16:48