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, valued at approximately $234.8 million, as the cryptocurrency's price dipped below $1,800. This significant buying spree comes after a period of selling pressure, indicating a potential shift in market sentiment among large holders.

Key Takeaways

• Ethereum whales accumulated 130,000 ETH in a single day, signaling confidence despite market volatility.

• The price of Ethereum recently fell below $1,800, marking its lowest level since November 2024.

• Macroeconomic factors, including new trade tariffs announced by President Trump, have contributed to market uncertainty.

• Analysts remain optimistic about Ethereum's long-term potential, with predictions of a price surge by 2025.

Whales Buy The Dip

The recent accumulation by Ethereum whales is a notable shift from the previous trend where large holders had been selling off their assets. According to data from IntoTheBlock, the largest Ethereum wallets added over 130,000 ETH to their holdings on April 3, 2025. This buying activity is seen as a strategic move to capitalize on the price dip, which has been influenced by broader market conditions.

Market Context

Ethereum's price has experienced significant fluctuations, recently peaking at around $1,920 before dropping to just below $1,800. This decline is largely attributed to macroeconomic concerns, particularly the announcement of new trade tariffs aimed at reducing the U.S. trade deficit. The tariffs have created a risk-off sentiment among investors, leading to sell-offs in both the stock and cryptocurrency markets.

Despite these challenges, Ethereum's network metrics show signs of resilience. New addresses are being created at an average rate of 200,000 per day, and gas fees have decreased significantly, making the network more accessible for users.

Analyst Predictions

While the short-term outlook for Ethereum appears uncertain, analysts are optimistic about its long-term trajectory. Some experts predict that Ethereum could reach as high as $10,000 by 2025, following historical trends of recovery after significant price drops.

• Current Price: As of the latest reports, Ethereum is trading at approximately $1,802, reflecting a slight increase of 2.45% in the past 24 hours.

• Support Levels: Analysts are closely monitoring key support levels, with a critical zone around $1,650. A failure to hold this support could lead to further declines, while a rebound could push prices back above $2,100.

Conclusion

The recent accumulation of ETH by whales amidst a price drop highlights a potential shift in market sentiment. While macroeconomic factors continue to create uncertainty, the confidence displayed by large holders suggests that they view current prices as a buying opportunity. As Ethereum navigates these turbulent waters, its long-term prospects remain a topic of interest for investors and analysts alike. The coming weeks will be crucial in determining whether this accumulation will lead to a price recovery or if further declines are on the horizon.

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.