Ethereum Whales Move $430 Million in ETH in 24-Hour Period

Ethereum whales redistributed 226,435 ETH, worth nearly $430 million, in a 24-hour period. Despite this massive transfer, the market absorbed the supply without an aggressive price breakdown. Top traders on Binance maintained a bullish outlook, with long accounts making up 61.74% of positions. Additionally, perpetual futures funding rates surged 306.96% to 0.007808, reinforcing positive leverage. Ethereum traded around $1,918, holding key support as buyers controlled the trend.

Ethereum whale redistribution

• ▪Ethereum's largest wallets redistributed 226,435 ETH, valued at nearly $430 million, during a 24-hour period preceding July 29, 2026.
• ▪The redistribution of 226,435 ETH marked one of the largest spikes in Ethereum whale activity recorded in recent weeks.

Binance top trader positioning

• ▪Binance's Top Trader Long/Short Ratio favored buyers on July 29, 2026, with long accounts representing 61.74% of positions and short accounts representing 38.26%.
• ▪The long-to-short ratio among Binance's top traders stood at 1.61 on July 29, 2026, indicating that experienced traders maintained bullish exposure.

ETH perpetual futures funding rates

• ▪Ethereum's perpetual futures funding rates rose to approximately 0.007808 on July 29, 2026, representing a 306.96% daily increase.
• ▪Positive funding rates in the perpetual futures market indicated that long traders paid premiums to keep bullish positions open.

Ethereum price technical structure

• ▪If buyers defend current levels, Ethereum could challenge $2,145, whereas rejection inside the supply zone could send the price back toward $1,830.
• ▪Ethereum traded around $1,918 on July 29, 2026, after revisiting a key supply zone between $1,900 and $1,945.

Directional Movement Index signals

• ▪The Directional Movement Index for Ethereum showed +DI at 26.98, exceeding -DI at 16.15, on July 29, 2026.
• ▪The Average Directional Index for Ethereum reached 24.42 on July 29, 2026, indicating respectable underlying directional strength.

1 source