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What's $ETH up to?

South Korea’s People Power Party announced seven major law changes to improve their virtual asset ecosystem. One of them is a plan to launch spot Bitcoin ETF within this year. According to a report by local media Edaily, the People’s Power Party announced trading for digital asset spot ETF will be permitted this year. For the first time, traders in the country will be able invest in exchange-traded funds linked to major cryptocurrencies such as Bitcoin ( BTC ) and Ethereum ( ETH ). Representative Park Soo-min said its about time South Korea allowed for crypto-backed ETFs in the market, considering other countries like the U.S., Hong Kong, and the U.K. have already taken the lead. “Hong Kong and the U.K. have also approved spot ETF trading in succession. Korea has no time to delay,” said Park. The decision is part of a series of regulatory changes proposed by the ruling party to accelerate the crypto industry in the country. Starting from the second quarter of this year, companies will be able to trade in digital assets. So far, a total of 3,500 corporations and institutions, including 2,500 large-scale listed corporations and 1,000 professional investment corporations, will be institutionalized within this year in order to participate in the crypto market without restrictions. Another major breakthrough is the abolishment of the “One Crypto Exchange, One Bank” policy. Under the policy, crypto exchanges in South Korea are only allowed to be tethered to one bank at a time. It was done to prevent financial crimes such as money laundering and to detect suspicion transaction. However, the South Korean government realized that this policy is extremely restrictive for crypto exchanges that wish to establish partnerships with multiple banks. In addition, the People Power Party also announced the creation of a token securities STO bill, which would include a stablecoin regulation system that meets global standards, basic laws for improving digital assets, and establishment of a new taxation system for crypto. “We will not allow the authorities’ outdated regulations to hinder the growth of virtual assets that can help finance grow,” said Rep. Park. In order to implement these changes, the Party wants to form a special committee on virtual assets directly under the People Power Party presidential candidate. The committee plans to take the lead in institutionalizing virtual assets, creating a foundation for industrial innovation within the crypto landscape. According to a recent report by Hana Bank, young South Korean investors are leaning towards crypto investments. Not only that, the data showed that more than 30% of South Korea’s wealthy investors prefer crypto for long-term investments, outpacing interest in gold or property.

On April 29, 2025, the cryptocurrency market buzzed with activity as Lookonchain, a popular on-chain analytics account on X, shared a compelling update: a wallet linked to Cumberland, a major institutional crypto liquidity provider, withdrew a staggering 27,632 ETH—valued at $50.24 million—from prominent exchanges like Copper, Binance, and Coinbase in just three hours. This rapid movement has sparked discussions among crypto enthusiasts, with many interpreting it as a sign of whale and institutional accumulation of Ethereum (ETH). But what does this mean for the market, and should you be paying attention? Let’s break it down. The On-Chain Evidence: A Closer Look The Lookonchain post included detailed transaction data, showcasing a series of large ETH withdrawals over a short period. Here are some highlights: 9,900 ETH ($17.99M) was transferred from Copper to a wallet identified as “0xe287A411…” just nine minutes before the post. 5,900 ETH ($10.73M) moved from Binance to the same wallet 27 minutes prior. 2,500 ETH ($4.55M) was withdrawn from Coinbase 44 minutes earlier. Over the past 24 hours, additional transactions included 7,800 ETH ($14.18M) and 1,532 ETH ($2.79M) moved to the same wallet, among others. These transactions, executed in quick succession, indicate a deliberate effort to pull significant amounts of ETH off exchanges. In the crypto world, such large withdrawals by whales or institutions often signal a strategic move—potentially a bet on an impending price surge. When assets are moved off exchanges into private wallets, the circulating supply on trading platforms decreases, which can create scarcity and drive prices upward if demand remains steady or increases. Why This Matters: The Bigger Picture The activity comes at a time when Ethereum is showing signs of a bullish trend. According to a related web result from U.Today, ETH recently broke out of a short-term bullish pennant—a continuation pattern often associated with upward momentum—pushing its price above $1,700 with a daily gain of nearly 4%. This technical breakout, combined with a noticeable increase in trading volume, suggests that a local trend reversal may be underway. Adding to the optimism, replies to the Lookonchain post highlight growing institutional interest in Ethereum. For instance, Alva ( @AlvaApp ) noted that ETH is in “clear accumulation mode,” with whale netflows surging by over 2,600% and Ethereum ETF inflows flipping positive. This aligns with data from CoinGlass, which tracks ETF market trends, showing increased trading volume and market capitalization for Ethereum-based financial products. These inflows indicate that institutional players are doubling down on ETH, likely driven by confidence in its long-term value proposition—whether for staking, holding, or DeFi-related activities. Technical and Market Insights From a technical perspective, Ethereum’s price action is encouraging. Alva’s reply points to key resistance levels to watch at $1,850 and $1,900, supported by strong buying pressure reflected in on-chain flows and the Balance of Power (BoP) indicator. However, there’s a note of caution: the Relative Strength Index (RSI) is flashing overbought signals, suggesting a potential short-term dip. If whale activity remains robust, though, any pullbacks are likely to be bought up quickly, as Alva suggests. Historically, whale accumulation has often preceded significant price movements. The ongoing removal of ETH from exchanges reduces short-term sell pressure, signaling that large players are positioning for a longer-term hold. This behavior echoes patterns seen in past market cycles, where institutional moves have foreshadowed broader market optimism. For context, a 2023 Cointelegraph report on the 2022 crypto bank runs highlighted how institutional withdrawals from exchanges like FTX exacerbated liquidity crises, underscoring the outsized impact of whale activity on market dynamics. What’s Next for Ethereum? The combination of whale accumulation, positive ETF inflows, and a technical breakout paints a bullish picture for Ethereum. Replies to the Lookonchain post reflect a mix of curiosity and optimism, with users like Jeremy ( @Jeremyybtc ) asking, “What do they know?” and Crypto Guru ( @GuruTRJ ) noting, “Retail watches charts. Whales drain the exchanges.” These sentiments capture the intrigue surrounding institutional moves in the crypto space. However, it’s not all smooth sailing. The overbought RSI suggests that short-term volatility could be on the horizon, and as LelouchLamboRogue ( @LelouchLamboRog ) cautioned, “such accumulation could precede strategic maneuvers.” Investors should remain vigilant, monitoring on-chain activity and market indicators for signs of a shift. Final Thoughts Ethereum’s recent whale activity is a rare signal of conviction from institutional players, and it’s worth keeping a close eye on. The combination of large-scale accumulation, technical strength, and growing ETF inflows suggests that ETH could be gearing up for a significant recovery. For those interested in diving deeper, platforms like CoinGlass offer real-time tracking of Ethereum ETF flows, while on-chain analytics tools can provide further insights into whale movements and support/resistance levels. As the market evolves, one thing is clear: when whales make bold moves, the rest of the market often follows. Whether you’re a seasoned trader or a curious observer, now is the time to pay attention to Ethereum. What do you think—will this accumulation spark a major rally, or are we in for a surprise? Let us know your thoughts!

Base Chain... Ku duba yiwuwar yin mu'amala da protocols, DApps, DEX da bridges da suke kan $ETH BASE, saboda zai iya yiwuwa wani babban lamari ya biyo baya nan gaba. Kamar yadda muka sani Base layer 2 blockchain ne ga Ethereum kuma EVM compatible as well, yana da access da wasu Layer one bayan Ethereum kamar Solana. Layer 2 ne akan Ethereum wanda yake aikin 'kara gudu (scalability) wa Ethereum, da ragewa gas fee wa Ethereum, kamar yadda Optimism yake, haka ma irin su Arbitrum, Polygon, Metis da irin su Immutable X, Celor da Mantle. Base chain kamfanoni da yawa suka hadu suka samar dashi, amma jagora a ciki itace Coinbse na kasar America. Kuma har yanzu ban suyi wani Airdrop akan chain din ba. Mun ga dai yadda ta kaya tsakanin Arbitrum da wadanda suka yi mu'amala da chain din a farkon 2023, sunyi Airdrop mai girma sosai. So, ina ganin Base za suyi ninkin haka, in sha Allah.

Despite $ETH reversal, there is still no big inflow into microcaps because most of the money is rotating in mid/high caps with 0/0 tax. The only runner I see right now is $GURU. The team still has plenty left in the tank. NFA, just a personal opinion.