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Ethereum is seeing increased whale attention as large investors accumulate the asset while it attempts to break past long-term resistance. On-chain data cited by Santiment insights shared by Ali Martinez on May 3 shows that Ethereum whales bought more than 140,000 ETH—worth approximately $322 million—in just 96 hours.
According to the data, whale-held Ethereum balances have risen steadily over the period. Holdings increased from around 13.83 million ETH at the start of the measurement window to nearly 13.98 million ETH by May 3.
At press time, Ethereum traded at $2,333, up about 1% over the past 24 hours.
Whale accumulation is often treated as a key signal because institutional-scale investors typically buy more aggressively during consolidation phases ahead of potential price appreciation.
Following the reported accumulation, Finbold asked OpenAI’s ChatGPT to assess how Ethereum might trade over the next one to three months based on whale activity, Ethereum’s technical structure, and broader crypto momentum.
ChatGPT’s probability-weighted outlook assigns:
ChatGPT highlighted $2,550 as Ethereum’s most important breakout zone. A decisive move above that resistance could prompt renewed momentum buying and potentially push ETH toward the $2,800 area in the near term.
In its forward-looking projections, ChatGPT suggests Ethereum could reach around $2,650 by the end of May 2026. In a stronger bullish scenario, it could climb toward $3,200 by mid-2026 if broader market conditions continue improving. If crypto markets weaken, downside support was identified around the $1,900 level.
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