NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Ethereum Rallies Above $1,400 As Sharks Accumulate

Keshav Verma
Keshav Verma
2 years ago
3 mins read
Ethereum price

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Ethereum has rallied above $1,400 today as on-chain data shows ETH sharks have been busy accumulating recently.

Related Reading

Altcoin Volume Dominance At Highest Since Jan 2021, Trouble For Bitcoin?

2 years ago

Ethereum Shark Addresses Have Grown By 3,000 In the Last Two Months

As per data from the on-chain analytics firm Santiment, the current number of shark addresses in the market is the highest since February 2021. The relevant indicator here is the “ETH Supply Distribution,” which tells us which coin groups have how many wallets.

These coin groups are ranges that define the number of coins the addresses currently hold in a particular group. For example, the 1-10 coins cohort includes all wallets holding at least one and at most 10 ETH. The Supply Distribution metric for this group would then track the total number of addresses falling inside this range.

In the context of the current topic, the coin group of interest is the 100-10,000 coins cohort (which is made up of two separate groups, 100-1,000 coins, and 1,000-10,000 coins; they have just been merged). Now, here is a chart that shows the Supply Distribution data for this Ethereum coin group:

Ethereum ETH ETHUSDT

It looks like the value of this metric has observed some uptrend in recent weeks | Source: Santiment on Twitter

This coin group’s lower and upper bounds convert to around $140,000 and $14 million. The Ethereum investors who hold amounts in this range are called the sharks, and although they aren’t as crucial as the whales, movements from these holders can still have significant implications on the market.

As shown in the above graph, the Ethereum sharks were taking profits during September and October last year as their total number of addresses declined to a low. However, over the past few months, accumulation has rapidly taken place in the market as 3,000 new shark addresses have been created on the network.

ETH has been rallying in recent days as these sharks have been accumulating, and for now, these investors aren’t showing any signs of stopping either. The total number of addresses belonging to this cohort is 48,556, the highest level the indicator has seen since February 2021, almost two years ago.

If these sharks budge here and take some profits while the prices are high, the rally might lose steam and end. However, if these investors keep this accumulation up instead, it would be a bullish sign for Ethereum, and the rally may continue.

Related Reading

Bitcoin Currently More Stable Than Gold, DXY, Nasdaq, Here’s What Could Happen Next

2 years ago

ETH Price

At the time of writing, Ethereum is trading around $1,400, up 12% in the last week.

Ethereum ETH ETHUSDT CHART 1

The value of the crypto seems to have sharply surged in the last few days | Source: ETHUSDT on TradingView

Featured image from Gerald Schömbs on Unsplash.com, charts from TradingView.com, Santiment.net

Tweet123Share196ShareSend
Keshav Verma
Keshav Verma

Keshav Verma

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021.

Read more

Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to.

In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions.

Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true.

Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn’t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment..

Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form.

Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new.

As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money.

Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn’t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs.

Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum Pulls Back To 20DMA After $2,700 Rejection: Testing Strength At Key Support

Ethereum Pulls Back To 20DMA After $2,700 Rejection: Testing Strength At Key Support

Ethereum is showing renewed strength as it consolidates above the $2,500 mark, signaling resilience in the face of broader market...

Sebastian Villafuerte 2 days ago
Ethereum Daily Gas Usage Hits New Highs – Real Demand Powers ETH Growth

Ethereum Daily Gas Usage Hits New Highs – Real Demand Powers ETH Growth

Ethereum is experiencing increased volatility as it consolidates just below the key $2,700 resistance level. Despite several attempts to break...

Sebastian Villafuerte 2 days ago
Ethereum, ETH, ETF

Ethereum Repeating Early 2024’s Playbook – $3,800 Target In Sight?

This week, Ethereum (ETH) has reclaimed the $2,600 level as support for the first time since February, and it’s pushing...

Rubmar Garcia 2 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum Pulls Back 10% But Holds Monthly Gains – Is the Next Pump Loading?

Ethereum Pulls Back 10% But Holds Monthly Gains – Is The Next Pump Loading?

Sebastian Villafuerte 16 hours ago
Ethereum Bulls Defend Support – Key Indicator Hints At Short-Term Rally

Ethereum Bulls Defend Support – Key Indicator Hints At Short-Term Rally

Sebastian Villafuerte 1 day ago
Ethereum at Risk? Whale Activity and On-Chain Signals Hint at Further Correction

Ethereum at Risk? Whale Activity and On-Chain Signals Hint at Further Correction

Samuel Edyme 1 day ago

Premium Sponsors

Top Brands

Press Releases

  • RIPPLECOIN Mining creates stable income cloud mining...

    1 hour ago
  • How to Make $10,000 a Day: XRP Enthusiasts Live the Dream...

    24 hours ago
  • Quickly Earn $18,970 a Day — Cryptomining Firm Allows...

    1 day ago
  • Kyrgyzstan solidifies role as Central Asia’s leading...

    2 days ago
  • RIPPLECOIN Mining upgrades free cloud mining, BTC, XRP...

    2 days ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.