Ethereum Whales Make Bold Move, Accumulate 130,000 ETH Amid Price Decline

In a surprising turn of events, Ethereum whales have seized the opportunity to accumulate over 130,000 ETH in a single day as the cryptocurrency's price dipped below $1,800. This significant buying spree comes amid a backdrop of market uncertainty and macroeconomic pressures, signaling a potential shift in sentiment among large holders.

Key Takeaways

• Ethereum whales accumulated 130,000 ETH as prices fell below $1,800.

• The recent price drop is attributed to macroeconomic factors, including new trade tariffs.

• Despite bearish sentiment, network metrics show growth in Ethereum's ecosystem.

Whales Buy The Dip

On April 3, 2025, data from IntoTheBlock revealed that the largest Ethereum wallets added a staggering 130,000 ETH to their holdings. This accumulation is particularly noteworthy as it marks a reversal from recent selling trends, where whales had offloaded approximately 760,000 ETH over the previous two weeks.

The recent price decline, which saw Ethereum trading at around $1,700, is largely linked to President Trump's announcement of new trade tariffs aimed at reducing the U.S. trade deficit. This policy shift has created a risk-off sentiment in the market, prompting investors to retreat from riskier assets, including cryptocurrencies.

Market Sentiment and Future Outlook

Despite the bearish market sentiment, many analysts remain optimistic about Ethereum's long-term prospects. The accumulation by whales suggests confidence in the asset's future performance. Notably, Ethereum's futures open interest remains high, indicating that traders are still engaged and expect a rebound.

Analysts predict that Ethereum could potentially reach $10,000 by 2025, following historical trends of recovery after significant price drops. This optimism is bolstered by Ethereum's recent reclaiming of its position as the leader in decentralized exchange (DEX) trading volume, surpassing competitors like Solana.

Network Growth Amid Price Volatility

While the price of Ethereum has faced significant volatility, network metrics indicate growth. Key indicators include:

• New Addresses: Daily new Ethereum addresses averaged 200,000 in January 2025, double the average from 2024.

• Gas Fees: Average gas fees have decreased to $0.40, a stark contrast to previous peaks of $15.

These metrics suggest that despite short-term price fluctuations, Ethereum's underlying network is strengthening, which could support future price increases.

Conclusion

The recent accumulation of 130,000 ETH by whales amid a price drop highlights a potential buying opportunity for large investors. As macroeconomic factors continue to influence market sentiment, the resilience of Ethereum's network and the confidence shown by its largest holders may pave the way for a bullish reversal in the coming months. Analysts and investors alike will be closely monitoring Ethereum's price action as it approaches critical support levels, with hopes of a recovery that could see it surpass previous all-time highs.

Sources

• Ethereum Whales Accumulate 130,000 ETH in a Single Day as Price Nears Key Support ⋆ ZyCrypto, ZyCrypto.

• Ethereum Whales Buy 130K ETH in a Day: Here's What They Expect, The Market Periodical.

• Ethereum whales accumulate 130,000 ETH amid price drop, Crypto Briefing.