Investors with massive Ethereum stakes boost holdings by over $300 million ahead of landmark US legislation.

Table of Contents Ethereum (ETH) maintains its position around $2,305 while major holders discreetly increase their positions and significant US cryptocurrency legislation advances toward a critical vote. Data published by Ali Charts reveals that substantial ETH investors acquired more than 140,000 ETH during a 96-hour window spanning May 1 through May 3. This represents approximately $322 million in purchasing power. Total whale holdings increased from roughly 13.78 million ETH to nearly 13.98 million ETH. The accumulation pattern suggests deliberate, sustained buying rather than isolated large transactions. Whales have gone on a buying spree, accumulating over 140,000 Ethereum $ETH in the last 96 hours, worth around $322 million. pic.twitter.com/uHZqV3B0W9 — Ali Charts (@alicharts) May 3, 2026 Yet despite this significant whale activity, ETH’s price movement has remained relatively flat. The cryptocurrency registered a modest 0.1% gain in the last 24 hours while experiencing a roughly 1% decline over the past seven days. Current daily trading volume stands at $6.8 billion. The more significant catalyst for ETH market sentiment could be emerging from Washington. The CLARITY Act — proposed legislation establishing a regulatory framework for stablecoins — faced delays in the US Senate stemming from disagreements about whether stablecoin holders should earn yield. Traditional banking institutions opposed such provisions. Coinbase mounted a defense against yield restrictions. ⚡CLARITY ACT PASSAGE ODDS RISE ABOVE 60% ON POLYMARKET For the first time in a month, odds of the CLARITY Act passing in 2026 have climbed above 60%, peaking 69% on May 2. pic.twitter.com/yX3rStDRIp — Coin Bureau (@coinbureau) May 3, 2026 Senator Tillis facilitated a compromise arrangement. Paul Grewal, Coinbase’s Chief Legal Officer, stated the impasse was unnecessary from the start but expressed satisfaction with the outcome. Galaxy’s crypto analyst Alex Thorn, who previously estimated just 50% odds for CLARITY’s passage this year, has revised his outlook upward. He now anticipates a Senate markup session on May 11. Market analyst Daan Crypto Trades observed on X that Ethereum is presently encountering resistance at the weekly 200 moving average — a natural area for consolidation. He identified $2.1K as an important level across higher timeframes, suggesting a breakthrough above $2,400–$2,500 might trigger a move toward $2,800. $ETH So far being rejected by the Weekly 200 Moving Average. A logical place to consolidate at for a bit. Below, that $2.1K level remains key on the higher timeframes. A break above ~$2.4K-$2.5K should lead to another test of $2.8K which has been important over the past few… pic.twitter.com/icqYsOjVNB — Daan Crypto Trades (@DaanCrypto) May 2, 2026 ETH has been establishing progressively higher lows since establishing support in the $1,800–$2,000 zone during the earlier part of the year. A descending wedge formation is taking shape on the chart, which technical analysts often interpret as a potentially bullish reversal indicator. The $2,200 level represents the critical support floor that traders are monitoring closely. A decisive drop beneath this threshold could reintroduce $1,900 as a target. Looking upward, $2,400 represents the initial resistance barrier to overcome. Successfully clearing this level could establish pathways toward $2,600 and subsequently $2,800. The latest blockchain data confirms that whale addresses continue expanding their ETH positions, with aggregate holdings reaching nearly 13.98 million ETH as of May 3.