• Binance whales are accumulating ETH as price momentum strengthens.
• On-chain metrics reveal rising speculative activity in Ethereum.
• Technical patterns suggest potential targets between $7,500 and $15,650.

Ethereum has entered a decisive phase as large holders on Binance continue to accumulate the token. Market observer Darkfost highlighted that since July, whale activity has grown steadily, with significant spot and futures orders flowing into Binance.

This shift is visible in trading patterns, where large investors only began accumulating after Ethereum reversed its downward trend.

Whales often act conservatively, preferring to enter once a trend is confirmed rather than speculating early. This cautious entry has now aligned with Ethereum’s strong recovery, pushing the asset toward the $5,000 threshold. Their accumulation adds depth to the market and provides a layer of momentum that retail traders often cannot match.

However, large investors are not immune to market missteps. Sudden volatility or panic can force even whales into late entries or rapid exits. Despite this risk, their positioning supports the current bullish outlook.

Also Read: Tom Lee Bets Big: Ethereum Could Flip Bitcoin as Wall Street’s Blockchain Backbone

Ethereum Activity Heats Up as Capital Inflows Grow

Another angle was contributed by Alphractal, which noted that the on-chain atmosphere on Ethereum is displaying indicators of increased action.

The Realized Cap Impulse, measuring the realized capitalization in the long run, is increasing. This indicates that Ethereum is receiving strong capital inflows that support demand and supply conditions.

Alongside this, the Market Temperature metric shows conditions of elevated speculation. Higher investor activity, rising sentiment, and increasing volatility are shaping the short-term landscape.

These conditions tend to result in sharp directional shifts. Traders should take into account that such an environment offers possible profit potential but greater risk.

These two signals together describe a market whose speculative interest is gaining speed, rendering Ethereum susceptible to rapid surges and pullbacks.

Price Targets Enter Bold Territory

ETH is currently trading at $4,545.70. Market expert Mags observed the token had broken its all-time high again, opening the way for Fibonacci extension levels to guide potential targets.

During the last cycle, Ethereum rose by over 200% after breaking through its previous record, ultimately topping at the 3.618 extension.

Using the same reasoning, Mags pointed out that the 3.618 extension is currently at $15,650. An even more conservative estimate based on lesser extension levels puts the price anywhere in the range of $10,146 to $11,600.

For very conservative traders, the 1.618 extension heads towards the $7,500 level as a plausible target.

With whale accumulation, on-chain strength, and technical indicators aligning, ETH’s course is primed for decisive action. The ensuing weeks will indicate if sentiment is strong enough to challenge these lofty levels.

Also Read: Ethereum Falls Below $4,800, But Dominance Remains