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– Ethereum (ETH) is attracting increased interest from “whales”; large holders are actively replenishing stocks in an effort to overcome longstanding resistance.

According to information from the blockchain, Ethereum whales have purchased more than 140,000,000 ETH coins, equivalent to about $322 million, in just 96 hours, as reported by analyst Ali Martinez on May 3, citing data from Santiment.

This data indicates that the volume of Ethereum on whale wallets has been steadily increasing in recent days, from 13.83 million coins at the beginning of the reporting period to nearly 13.98 million ETH by May 3.

The buying activity came as Ethereum was trading at $2,333 at the time of publication, up about 1% over the past 24 hours.

It is important to note that the concentration of assets in large players is often considered as a significant signal, as institutional investors often show high activity in periods of consolidation before the expected growth of quotations.

After active purchases, Finbold turned to the OpenAI ChatGPT chatbot to assess the cryptocurrency’s price prospects in the coming trading sessions.

Based on the accumulation of funds by whales, the current technical picture of Ethereum, and general trends in the crypto market, ChatGPT expects ETH to rise rather than fall in the next one to three months.

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The probability-weighted forecast gives a 60% probability of Ethereum climbing into the $2,700 to $3,000 range. At the same time, the probability of the asset getting stuck between $2,200 and $2,500 is estimated at 25% , while the chance of a more significant drop below $2,000 is estimated at 15% .

ChatGPT’s optimistic view is largely supported by the scale and pace of asset purchases by whales. The model emphasized that the purchase of 140000 ETH in four days is a demonstration of the unusually aggressive demand that has historically preceded stronger upward moves.

From a technical perspective, the key breakout zone for Ethereum is the $2,550 mark. A sustained consolidation above this level could trigger a new wave of buying and send ETH potentially towards the $2,800 level in the short term.

Based on the current situation, ChatGPT predicts that Ethereum has a chance to reach $2,650 by the end of May 2026. In a more optimistic scenario, if market conditions improve, the cryptocurrency could rise to $3,200 by mid-2026. However, in case of a general weakening of the crypto market, support for the downtrend is expected at $1,900.

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