Ethereum Whales Go On A Shopping Spree While Benjamin Cowen Says Hold Your Horses!

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Well, gather ’round, folks! The big, blubbery whales of Ethereum (ETH) are splashing their fins with excitement, gobbling up coins like it’s Black Friday at the crypto bazaar. According to our oh-so-trusty on-chain data, these whale-sized wallets have been stuffing their treasure chests with more ETH over the last three days than at an all-you-can-eat buffet-just as everyone’s shouting, “Hold the price, it’s gonna retrace!” 🐋💰

Now hold onto your monocles-wallets holding between 10,000 and 100,000 shiny coins have gulped down 820 ETH, which, by my calculations (and a bit of wizardry), is roughly $3.8 BILLION in the last 72 hours. That’s enough Ethereum to make Scrooge McDuck dive headfirst-31 million ETH swimming around their wallets right now. Swimming, I say! 🏊‍♂️💸

Is Ethereum Price Ready for Bull Rally?

What’s the ETH Market Picture?

Now, in the red corner, weighing in with institutional muscle and waving flags labeled “Spot ETH ETF,” Ethereum’s trying hard to puff up those bullish feathers. With a gargantuan market cap of around $554 billion (that’s more zeros than your Aunt Edna’s checkbook), ETH has its sights set on breaking above $4,772 in the next few weeks to tell those pesky midterm bears to take a hike! 🐮📈

Ethereum Market Chart

Why is Benjamin Cowen Bearish on ETH in the Midterm?

But wait! Enter Benjamin Cowen, the grumpy crypto analyst with the patience of a saint and the optimism of a cat stuck in a rainstorm. Benjamin’s waving a big red flag saying, “Careful, kiddos! The real altseason? Not on the menu yet.” According to him (and history’s cold, hard data), Ethereum and its altcoin buddies will be bleeding next to Bitcoin through at least early November. Ouch. 🩸🐂

After a sprint that made your grandma outpace the local joggers, Cowen expects ETH to pull back, have a little cry at the 21-week EMA (that’s crypto code for “time-out corner”), and then maybe, just maybe, try again. Correction phase, anyone? Even if ETH breezes past $5k, don’t pop the champagne just yet-it might still be party-pooper season. Yet, if Benjamin’s previous crystal ball predictions are anything to go by, the man knows his stuff. 🧙‍♂️🔮

Bigger Picture

Meanwhile, Ethereum’s been playing follow-the-leader with Bitcoin, as traders bet on more Fed rate cuts like kids betting on who’ll blink first during family game night. With gold printing all-time highs and investors getting all googly-eyed, BTC’s just sitting there, polishing its wings, ready for a potential rocket launch. So hold onto your hats, folks-this might get bumpy! 🚀💥

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2025-09-19 01:37