Ethereum whales accumulate 140K ETH as price trades near $2,312, with resistance at $2,555 shaping the next move in market trend. Ethereum traders are tracking fresh whale activity after large holders reportedly accumulated more than 140,000 ETH in 96 hours. The purchase was valued near $322 million, while ETH traded close to $2,312 on the daily chart. Whale Buying Adds Focus to Ethereum Market Large Ethereum holders have reportedly increased exposure during the latest market recovery. The reported 140,000 ETH purchase came at a price held above the $2,250 area. Whale buying often draws attention because large wallets can affect market sentiment. However, the move does not confirm a trend change by itself. Price action still needs support from volume, momentum, and resistance breaks. Whales have gone on a buying spree, accumulating over 140,000 Ethereum $ETH in the last 96 hours, worth around $322 million. pic.twitter.com/uHZqV3B0W9 — Ali Charts (@alicharts) May 3, 2026 The reported buying spree came during a mixed period for Ethereum. ETH gained 0.30% over four hours and 0.36% over 24 hours. Yet the token remained down 0.33% over seven days. The 30-day return stood at 12.38%, which showed a recent recovery. The 90-day gain was only 1.93%, so the broader trend remained flat. ETH Price Holds Recovery Range Ethereum is trading near $2,312 on the daily ETH/USD chart. The asset has recovered from a recent move toward the $1,800 to $2,000 area. The chart shows ETH moving between support near $2,053 and resistance near $2,555. This range remains important for the next directional move. A daily close below $2,053 would weaken the current recovery. It could also bring the $1,800 to $1,900 area back into focus. ETH trades near $2,312 as RSI stays neutral. Source: TradingView. On the upside, ETH faces its first major resistance near $2,555. A close above that level could support a move toward $2,946. Further resistance levels appear near $3,226, $3,503, and $3,845. These levels come from the Fibonacci retracement structure shown on the daily chart. ETH remains below its recent cycle high near $4,399. The asset must reclaim several resistance levels before the broader trend turns stronger. Read Also: Ethereum Triangle Pattern Points to Realistic $8900 Target Next Cycle Trader Positioning and Indicators Remain Mixed Long and short data shows that traders are leaning bullish across major venues. Binance ETH/USDT accounts show a long/short ratio of 1.5707. OKX ETH also shows a positive long/short ratio of 1.32. This means more accounts are positioned long than short. Top trader data is also tilted toward long positions. Binance top trader accounts show a ratio of 1.2237, while positions show 1.1895. Ethereum performance is mixed as long positions lead. Source: Coinglass. Still, the technical setup remains mixed. Ethereum is up 12.38% over 30 days, but it is down 35.83% over 180 days. The year-to-date return is also negative at 22.10%. This shows that ETH remains under pressure on higher timeframes. The RSI sits near 53.49, with its average near 53.98. This places momentum slightly above the neutral 50 level. A move above 55 to 60 could support stronger recovery conditions. A drop below 50 would show weaker momentum. The Aroon Oscillator is near -50, which shows recent downside pressure. For now, whale buying has added focus, but ETH still needs a confirmed break above $2,555. The post Whales Accumulate 140000 Ethereum as ETH Buying Spree Gains Momentum appeared first on Live Bitcoin News.

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