Fresh data from Binance shows that Ethereum (ETH) average order size has been trending upward since late July 2025, signaling a structural shift in market dynamics. Analysts say the cryptocurrency’s recent rally is largely driven by Binance whales.

Ethereum Rally Driven By Large-Scale Binance Orders

According to a CryptoQuant Quicktake post by contributor Crazzyblockk, Ethereum whales are now dominating order flows on the Binance exchange. The analyst highlighted the average ETH order size on the platform as evidence.

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Crazzyblockk shared the following chart showing different phases of average ETH order size on Binance. Retail-driven phases, highlighted in red, dominated much of 2023–24, when small orders drove up ETH’s price but left it vulnerable to corrections.

These retail-driven periods were followed by neutral phases, shown in gray, which reflected indecision among ETH investors. This phase was characterized by fragmented participation and sideways trading behavior.

Fast-forward to mid-2025, whale orders – highlighted in green – are firmly in control. Average order sizes have now surged past $3,000 per trade, signaling accumulation by institutional and large-scale investors.

The CryptoQuant analyst noted that this whale dominance reflects renewed institutional confidence in ETH, aligning with its rapid price appreciation in recent months. Larger average orders suggest fewer fragmented trades and stronger directional conviction.

Binance was chosen for the analysis not only as the world’s largest exchange but also because it is the “epicenter of ETH capital flow.” Crazzyblockk concluded:

ETH’s latest rally isn’t just retail speculation – it’s being powered by whales on Binance. With large-scale players setting the tone, Ethereum’s market structure looks increasingly robust, and Binance remains the hub where these decisive flows shape price performance.

Is ETH Getting Ready For A Rally?

While Bitcoin (BTC) has tumbled 4.1% over the past 30 days, ETH is up 23.4% in the same period, indicating that large-scale investors may be in the middle of capital rotation from BTC to ETH over the past month.

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Analysts predict ETH may have further room to grow for the remainder of 2025. Ethereum contracts are seeing a sharp resurgence in 2025, setting the stage for a potential rally to a new all-time high (ATH) of $5,000 towards the end of the year.

Ethereum fundamentals are also strengthening, with as much as 36 million ETH staked on the blockchain, raising the possibility of a supply crunch. That said, despite whale accumulation, some analysts caution that ETH could dip to $4,000. At press time, ETH trades at $4,316, down 2.8% in the past 24 hours.

Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Speculations about Ethereum’s potential for a major upswing to a new all-time high in the ongoing cycle swells within the community as many wonder why ETH has underperformed compared to other altcoins. Several factors have been considered to have hindered ETH’s much-awaited rally including weak whale activity.

Is Large Investors’ Interest In Ethereum Fading?

The euphoria among whale Ethereum investors sparks worries as large-scale transaction volume fails to show any significant increase in the ongoing market cycle. Verified author at the CryptoQuant on-chain platform IT Tech underlined the negative trend, suggesting a lack of strong whale activity.

The development implies that high net worth and institutional investors are still cautious as major ETH transfers remain at a low range. With large transactions fading, ETH may face significant hurdles since whale activity typically fuels price increases.

IT Tech considers Ethereum’s large transactions to be low in contrast to past cycles such as 2017 and 2021, where these transfers were rampant. This goes to say that the market is more retail-driven and organic, rather than speculative mania.

While there have been small increases in whale activity, the expert outlined that they are not at levels that would indicate a sell-off or parabolic move. In the meantime, IT Tech urges investors to look out for unexpected spikes in whale activity since they typically come before significant price changes.

According to the expert, Ethereum is experiencing a gradual upward trend. However, the next significant change in market dynamics will be determined by whale movements. Presently, the altcoin has reclaimed the $3,000 mark as prices recover after a general market pullback, bringing the next crucial resistance point at $3,500. 

In order to confirm a break through the $3,500 mark, IT Tech claims there must be an increase in large transaction volume. If ETH does not see a rise in these transactions, it could witness a consolidation phase or a notable pullback.

IT Tech expects a pullback toward the $2,800 and $2,500 level if the large transaction coincides with price weakness, which might lead to whale distribution and cause ETH to drop. With this subdued movement, ETH’s sustainability is being questioned, triggering uncertainty about its next big price action.

ETH’s Uptrend Set To Face Volatility?

ETH is hovering between $3,000 and $3,200 with slight bullish momentum. Nonetheless, crypto expert and trader, Titan of Crypto has identified a trend that might strengthen Ethereum’s upward movement in the coming days.

Examining ETH’s price on the daily chart, Titan of Crypto expects an upswing following a breakout from a Falling Wedge pattern. This pattern is supported by an impending RSI bullish divergence, which could fuel more price spikes toward key resistance levels.

Even though Ethereum is demonstrating upside potential, the expert believes that volatility may unfold shortly after the recently concluded FOMC meeting.

Featured image from Unsplash, chart from Tradingview.com

Ethereum whales are on the move once again, with thousands of ETH being transferred at a rapid pace in the past few days. One of the latest ETH whale transfers spotted recently was carried out by the project’s co-founder Vitalik Buterin, triggering speculations about the digital asset’s potential in the long term.

Another Huge Ethereum Move From Vitalik Buterin

In a significant move, crypto bull and Ethereum co-founder, Vitalik Buterin has executed a notable ETH transfer, which has raised eyebrows in the general sector. The large-scale transaction, which came from one of Buterin’s well-known wallets, has generated questions about its motive and possible ramifications on the value of the crypto asset.

According to reports from Lookonchain, a popular on-chain data platform, the transaction carried out by the Ethereum co-founder was over 800 ETH, valued at about $2.01 million, considering the current price of the altcoin. 

This huge transfer was made to a multi-sig wallet address less than 3 hours ago. Meanwhile, a few minutes after the move, the proposed wallet address was seen swapping about 190 ETH, valued at $477,000 to the dollar-pegged USDC stablecoin.

Data from the on-chain tracker shows that the transaction marks the second time in the month of August alone. Lookonchain highlighted that the co-founder previously moved over 3,000 ETH, worth approximately $8.04 million during the time of transfer to the same wallet address on August 9.

It is worth noting that such actions by well-known individuals in the crypto sector like Buterin frequently lead to heightened scrutiny, especially in the midst of recent price fluctuations around Ethereum. Thus many are curious as to whether this transfer could indicate strategic maneuvers or more general market trends affecting ETH, as they keep an eye on these activities.

More ETH Whales Moves Amid Market Volatility

Vitalik Buterin’s transaction comes after several whale transactions in the past few days from unknown wallet addresses, drawing considerable attention within the cryptocurrency community.

Prior to the move, Lookonchain reported that a whale recognized as 0xbecd…D3Ad3 executed a significant transfer of ETH to the Binance platform, the world’s largest cryptocurrency exchange on Thursday. The whale was cited moving about 6,900 ETH at $17.87 million to the platform.

Furthermore, the on-chain tracker revealed that the whale has been withdrawing ETH since the beginning of the year, particularly between January 28 and May 28, with over 65,000 ETH moved across exchanges at the rate of $3,021.

Meanwhile, nearly two months after accumulating a substantial amount of the crypto asset, the whale began dumping the altcoin, selling about 21,865 ETH worth $67.24 million at an average price of $3,075.

These massive transfers come in light of negative price sentiment around Ethereum. According to CoinMarketCap, the altcoin’s price has fallen to $2,520, indicating a nearly 6% decline in the past week. The price decline has impacted investors’ optimism as its trading volume in the past day has decreased by 20%.

Featured image from Unsplash, chart from Tradingview.com