Altcoins News

Story: Ethereum Whales Buy $1B as Analysts Warn of Fragile Recovery

By Steven Anderson

1 / 15

Whale Accumulation Offsets Liquidations. On-chain tracker Lookonchain reported that whales collectively purchased more than 323,000 ETH,…

2 / 15

Market Structure Signals Exhaustion. According to CryptoQuant, Ethereum has now entered the distribution phase of its year-long market…

3 / 15

U.S. Traders Step Back. The Coinbase Premium Index — which compares ETH prices between Coinbase and offshore exchanges…

4 / 15

Institutional Confidence Weakens. Institutional demand also appears to be cooling. Market researcher Markus Thielen, founder of 10x…

5 / 15

Sentiment Points Toward a Local Bottom. Despite bearish technicals, on-chain sentiment data hints at a potential short-term bottom.

6 / 15

Can Ethereum Hold Its Ground?. For Ethereum to sustain a meaningful rebound, it must reclaim the $3,200 level with strong trading…

7 / 15

Conclusion. The sudden whale accumulation has given Ethereum a much-needed cushion after one of its most…

8 / 15

Ethereum’s volatile week took a dramatic turn as the cryptocurrency briefly dipped below $3,000, triggering widespread concern among traders and leading to one of the largest…

9 / 15

The move suggests that large holders are defending key psychological levels, even as analysts warn that Ethereum’s recovery remains fragile.

10 / 15

On-chain tracker Lookonchain reported that whales collectively purchased more than 323,000 ETH, valued at approximately $1.12 billion, over a two-day period.

11 / 15

The accumulation followed a wave of long liquidations totaling $39 million on Binance, the largest single-day flush since early October.

12 / 15

“The pattern suggests large investors are defending critical zones,” one analyst wrote. “Whales are rebalancing positions, while retail traders remain risk-averse.”

13 / 15

This rebound offered temporary relief for markets shaken by Bitcoin’s decline below $100,000, which dragged the broader crypto sector into correction territory.

14 / 15

According to CryptoQuant, Ethereum has now entered the distribution phase of its year-long market cycle — a phase typically characterized by selling into strength and weakening…

15 / 15

ETH has also lost key anchored volume-weighted average price (AVWAP) supports from its 2021 and 2024 peaks, signaling that bullish control is fading.

The Currency Analytics

Want the full story?