Ethereum (Ethereum) records show increased attention from whales, with a significant number of them. Investors continue to accumulate the asset as it attempts to break through long-term resistance levels.
On-chain data shows that Ethereum whales purchased over 140,000 ETH within just 96 hours, worth approximately $322 million. Santiment insights shared via an article published by cryptocurrency analyst Ali Martinez on May 3.
According to the data, the Ethereum balance held by whales has been steadily rising in recent days, increasing from approximately 13.83 million ETH at the start of the period to nearly 13.98 million ETH on May 3.
As of press time, Ethereum is trading at $2,333, up approximately 1% over the past 24 hours, amid this buying surge.
It is worth noting that whale accumulation is often seen as a key indicator, as institutional investors typically buy aggressively during consolidation phases in anticipation of an expected price increase.
Ethereum price prediction
After actively buying, Fembord turned to OpenAI'sChatGPT to gain deeper insights into how cryptocurrency might trade in the upcoming trading day.
Based on whale accumulation, Ethereum's current technical structure, and broader cryptocurrency market momentum, ChatGPT predicts that Ethereum is more likely to rise than fall over the next one to three months.
Based on probability-weighted forecasts, Ethereum has a 60% chance of rebounding to the $2,700–$3,000 range. Meanwhile, there is a 25% probability that the cryptocurrency will remain between $2,200 and $2,500, and a 15% chance it will drop below $2,000.
ChatGPT's bullish stance primarily stems from massive, rapid accumulation by whales. The model notes that purchasing 140,000 ETH over four days constitutes an unusually aggressive buying pattern, which historically has often preceded stronger upward price movements.
From a technical perspective, the $2,550 level is increasingly becoming Ethereum’s most critical breakout area. If the price can decisively break through this resistance, it could trigger a new wave of buying and potentially push ETH toward the $2,800 region in the short term.
Based on current conditions, ChatGPT predicts that Ethereum's price could reach around $2,650 by the end of May 2026. In a stronger bull market, if market conditions continue to improve, Ethereum's price could rise to $3,200 by mid-2026. However, if the broader cryptocurrency market remains weak, the downside support level is expected to be near $1,900.