Distinguished Ethereum whales returned to the cryptocurrency market final week as ETH worth remained above the $2,000 stage, in keeping with the most recent on-chain information.
ETH Whales Maintain $538 Million in Cryptocurrency in 2022
In keeping with information from Arkham Intelligence, the Ethereum OG whale often called thomasg.eth has been shopping for Ether (price about $19.5 million) over the previous week. The corporate acquired spot Ether, wrapped ETH (WETH), and bought ETH deposited on Aave by way of pockets addresses tracked by Arkham, with the latest buy amounting to $3 million on Friday, March twentieth.
Arkham stated in a publish by Nevertheless, giant Ethereum buyers have been lowering their publicity to the cryptocurrency, shrinking their portfolios to virtually zero by mid-2022.
He as soon as had $500 million in cryptocurrency, however is now shopping for it again.
Ethereum AND @thomasg_eth In 2021, he holds $538 million in ETH, WBTC, and DAI, and now he is shopping for them again. He simply purchased $3 million of ETH, for a complete of $19.5 million this week.
Ethereum OG is piling up. $ETH. pic.twitter.com/ttWQGweY7m
— Arkham (@arkham) March 21, 2026
Usually, strategic strikes like thomasg.eth typically ship shockwaves by the cryptocurrency neighborhood, given the whale standing of their holders. Nonetheless, this acquisition seems to be a “purchase” playbook, with Ethereum’s worth at present down greater than 56% from its all-time excessive of $4,964.
On the time of this writing, the value of ETH is round $2,153, with no vital motion over the previous day. The value motion of the second-largest cryptocurrency seems to have improved after a dismal February efficiency that noticed it fall to round $1,800 final month.
Ethereum has entered historic shopping for territory. What’s subsequent?
Curiously, famend cryptocurrency analyst Ali Martinez has given a bullish outlook for the value of ETH within the coming weeks. This optimistic outlook is predicated on the MVRV ratio, which compares the market worth of a coin to its realized worth.
As Martinez highlighted, the Ethereum worth witnessed a historic rebound after the MVRV ratio fell beneath 0.8. Most lately, ETH worth surged 250% in April 2025 after the metric fell to this threshold.
This development is predicated on the truth that a low MVRV worth signifies that almost all of the market is dropping cash and is a measure of how severely undervalued the asset is at present.
In keeping with cryptocurrency analysts, ETH MVRV fell to this threshold earlier this month, which means a shopping for window has opened for the altcoin. This implies that the value of Ethereum might return to earlier excessive ranges.
The value of ETH on the each day timeframe | Supply: ETHUSDT chart on TradingView
Featured picture of DALL-E, TradingView chart
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