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Ethereum Whales Buy 1 Mln Coins, Is This Final ETH Price Dip Before Pump?

Ethereum whales continue to buy the dips aggressively while ETH price action shows weakness following US strategic reserve announcement.
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Ethereum Whales Buy 1 Mln Coins, Is This Final ETH Price Dip Before Pump?

Highlights

  • Ethereum whales have accumulated 1.1 million ETH in the past 48 hours.
  • Institutional activity, including World Liberty Financial’s $10 million Ethereum purchase, highlights ongoing interest in ETH.
  • On-chain data from Santiment shows Ethereum sentiment at its lowest of the year.

Ethereum whales have been aggressively buying the ETH price dips while adding a total of 1.1 million coins within just the past 48 hours. Following President Donald Trump’s signing of the executive order for the US strategic reserve, ETH has seen a 6% drop today amid the broader market correction. However, institutional players could once again charge in leading to trend reversal soon.

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Ethereum Whales Are Aggressively Buying the Dips

Crypto analyst Ali Martinez has highlighted a significant development in the Ethereum market, revealing that whales have purchased 1.10 million ETH within the past 48 hours.

Source: Ali Martinez

The sudden accumulation has raised speculation within the community, with Martinez questioning whether the whales have insider knowledge of upcoming market developments. This surge in whale activity could signal confidence in Ethereum’s future prospects or an anticipation of a major event.

A day before, Donald Trump’s DeFi project World Liberty Financial purchased $10 million worth of Ethereum. Overall, they purchased a total of 4,468 Ethereum (ETH) at a price of $2,238 per ETH.

The ETH whale action has surged over the past week, along with an additional purchase of 110,000 ETH. Historical data suggests that significant accumulation by Ethereum whales often precedes periods of price stabilization or upward movement for Ethereum. “As long as Ethereum $ETH stays above $2,200, the odds of a rebound increase,” noted analyst Martinez.

Currently, the ETH price is trading 5.75% down at $2,170 levels with a market cap of $261 billion. The 24-hour liquidations have shot up above $71 million, of which $52.96 million is in long liquidations, despite the executive order for US strategic reserve involving ETH.

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Will ETH Price Bounce Back Strongly From Here?

On-chain analytics firm Santiment revealed that Ethereum sentiment has dropped to its lowest levels of the year amid strong underperformance. Despite the bearish mood dominating social media discussions, Santiment suggests this could be a positive indicator for long-term holders.

Source: Santiment

Crypto analyst Titan of Crypto dismissed fears about Ethereum’s decline, emphasizing that the second-largest cryptocurrency remains technically robust.

According to the analyst, Ethereum continues to move within a broadening wedge pattern—a bullish technical setup. Additionally, ETH recently revisited the “Reload Zone” (RLZ), a key price area where professional traders often look to initiate long positions or accumulate more. Also, the below image shows that the RSI is in the support zone and likely to bounce from here.

Source: Titan of Crypto
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Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

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