Ethereum has entered a consolidation phase following a turbulent period of selling pressure driven by macroeconomic uncertainty and market fear surrounding the US government shutdown. Over the past week, Ethereum’s price has stabilized around the $3,500 level after briefly dipping below key supports, as traders and institutions reassess risk exposure across the crypto market. Related Reading: Bitcoin STH-MVRV Rebounds From Local Low – Potential Recovery Toward $115K–$120K Despite the cautious sentiment, on-chain data reveals a contrasting story — large holders, or “whales,” are quietly accumulating ETH during the downturn. According to data from Lookonchain and CryptoQuant, several high-value wallets have increased their Ethereum positions significantly, signaling growing confidence among long-term investors even as broader market momentum slows. This accumulation phase suggests that sophisticated players view current price levels as an opportunity rather than a sign of broader weakness. Historically, similar patterns of whale buying during macro uncertainty have preceded periods of recovery and renewed market strength. Whale Activity Suggests Strategic Accumulation Despite Market Uncertainty According to data from Lookonchain, a whale known for aggressive Ethereum accumulation has just purchased an additional 30,548 ETH ($105.36 million) within the past hour. This move brings his total acquisitions since November 4 to an astonishing 385,718 ETH, worth roughly $1.33 billion. Notably, around $270 million of the funds used for these purchases were borrowed from the decentralized lending platform Aave, highlighting a highly leveraged but strategic positioning. This type of activity often signals strong institutional confidence in Ethereum’s medium-term outlook. Borrowing large sums to accumulate ETH indicates that the whale expects price appreciation substantial enough to offset borrowing costs and volatility risks. It also reflects growing demand for Ethereum exposure within decentralized finance (DeFi), where whales utilize platforms like Aave to optimize capital efficiency. Such large-scale buying can have multiple implications: it absorbs available market liquidity, strengthens psychological support zones, and may trigger a sentiment shift among retail investors who interpret the move as bullish. However, it also introduces potential short-term risk — if prices correct further, leveraged positions could amplify volatility. Overall, the data points toward renewed accumulation momentum, suggesting that sophisticated market participants are positioning for Ethereum’s next major move. Related Reading: Uniswap Founder Submits Governance Proposal To Burn UNI — Token Jumps 50% Bulls Attempt to Reclaim Momentum Ethereum (ETH) is currently showing signs of stabilization after weeks of intense selling pressure, trading around $3,479 at the time of writing. The daily chart shows ETH holding just above the 200-day moving average (red line) — a key long-term support level that has historically acted as a launch point for bullish recoveries. After dipping below $3,200 earlier in the week, Ethereum bounced strongly, supported by renewed whale accumulation and improving market sentiment. However, the 50-day (blue) and 100-day (green) moving averages remain above the current price, indicating that the short-term trend is still tilted to the downside. For bulls to regain control, ETH needs to close decisively above $3,650–$3,700, where a confluence of resistance sits. Related Reading: Ethereum Trading Volume On Binance Surpasses $6 Trillion: A Speculative Frenzy Unfolds Volume data suggests that selling pressure is gradually fading, but momentum remains weak. If Ethereum fails to maintain the $3,400–$3,450 zone, the next major support lies near $3,200. On the upside, reclaiming the $3,700 mark could open the door to a recovery toward $4,000. Overall, Ethereum appears to be in a consolidation phase, with large holders accumulating while retail traders remain cautious — a structure that often precedes a stronger directional move. Featured image from ChatGPT, chart from TradingView.com

أضاف أحد حيتان إيثريوم 105 ملايين دولار إلى مركزه، مما رفع إجمالي المشتريات منذ 4 نوفمبر إلى 1.33 مليار دولار. يأتي ذلك في الوقت الذي استقرت فيه إيثريوم حول مستوى 3500 دولار بعد فترة من ضغط البيع بسبب عدم اليقين الاقتصادي الكلي. تشير عمليات التجميع من قبل حاملي الكميات الكبيرة إلى الثقة في إمكانات الأصل، مما يوحي بأن المستويات السعرية الحالية قد تمثل فرصة شراء على الرغم من الحذر العام في السوق.

Una ballena de Ethereum ha añadido 105 millones de dólares a su posición, llevando las compras totales desde el 4 de noviembre a 1.33 mil millones de dólares. Esto ocurre mientras Ethereum se estabiliza alrededor de los 3,500 dólares tras un periodo de presión de venta debido a incertidumbres macroeconómicas. La acumulación por parte de grandes tenedores indica confianza en el potencial del activo, sugiriendo que los niveles de precios actuales podrían representar una oportunidad de compra a pesar de la cautela general del mercado.

Un baleine Ethereum a ajouté 105 millions de dollars à sa position, portant les achats totaux depuis le 4 novembre à 1,33 milliard de dollars. Cela se produit alors qu'Ethereum se stabilise autour de 3 500 dollars après une période de pression de vente due à des incertitudes macroéconomiques. L'accumulation par de grands détenteurs indique une confiance dans le potentiel de l'actif, suggérant que les niveaux de prix actuels pourraient représenter une opportunité d'achat malgré la prudence générale du marché.

An Ethereum whale has added $105 million to their position, bringing total purchases since November 4 to $1.33 billion. This comes as Ethereum stabilizes around $3,500 after a period of selling pressure due to macroeconomic uncertainties. The accumulation by large holders indicates confidence in the asset's potential, suggesting that current price levels may present a buying opportunity despite broader market caution.

Ethereum Whale Adds $105M To His ETH Position – $1.33B Bought Since Nov 4

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Ethereum Whale Adds $105M To His ETH Position – $1.33B Bought Since Nov 4

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