Ethereum (ETH) experienced a sharp decline, falling below $4,000 and a fresh low of nearly $3,820. The move underscores intense sales pressure in the market as the Bulls struggle to establish a solid support zone. This decrease comes after weeks of volatility rise, and traders are cautious about whether ETH can rebound immediately or if a deeper correction is ongoing.
Despite the bearish momentum of price action, some analysts have argued that this low could mark a potential bottom for Ethereum. Their view is supported by Lookonchain’s key on-chain data. Large accumulation during sales often indicates increased confidence among major players.
This difference between weak short-term price behavior and strong whale accumulation sparked speculation about Ethereum’s resilience. While broader market sentiments remain fragile, bulk purchases from influential addresses could provide a foundation for rebound after sales pressure fades. In future sessions, whether ETH is above the latest lows will be able to determine whether this is really at the bottom or another step in a long-term fix.
Whale accumulation supports Ethereum
According to Lookonchain, one OTC whale made a bold move during the latest revision of Ethereum. The entity reportedly purchased 60,333 ETH (approximately $238.7 million) for an average price of $4,230 over the past seven days. While this may be a strong conviction, the whale is currently sitting at a paper loss of over $16 million, with ETH below the $4,000 level. Purchases were tracked to 0xD8D041705735CD770408AD31F8834448851F2C39D, 0XC4DE1A1A0F88B55E10BDEF769830699C4F61933, and 0xc4d041705735cd77040408AD31F883448851F2C3933, and 3 addresses. 0x2AAF355C820676C104BD00EE6C506FA05998DDA2.
This movement highlights a broader trend. Large players continue to accumulate ETH during corrections, even at the risk of short-term losses. Such actions suggest that whales and perhaps institutional actors are confident in the long-term outlook for Ethereum, viewing temporary price weakness as an opportunity rather than a threat.
The importance of this accumulation cannot be understated. Historically, buying a big whale during a recession often provides a strong support base for recovery once sales pressure is eased. With growth in institutional adoption, including the rise of ETH-related financial products and ETFs, Ethereum’s role in the broader markets continues to expand.
The next few weeks are decisive. If accumulation continues, ETH can be prepared stably for rebound as macro conditions or broader cryptography emotion improves. Conversely, failing to maintain the recent decline could result in further extension of the fix. Anyway, the whale movement emphasizes confidence in Ethereum’s trajectory, supporting the view that long-term demand remains strong despite its short-term volatility.
ETH Test Critical Level
Ethereum (ETH) is facing intense sales pressure after falling below $4,000 and is currently trading around $3,908. The chart highlights the decisive breakdown after weeks of sideways integration, confirming that bears have short-term control. ETH has lost nearly 20% from its recent high, highlighting the strength of this correction.
An important observation is that ETH found temporary support near the 100-day moving average (green line). This is currently close to $3,900. This level is important to watch in future sessions. The decisive closure below allows further opening doors to the downside, with the 200-day moving average (red line) between $3,200 and $3,300 serving as the next major support zone. The advantage is that ETH must recover its 50-day moving average (blue line) to nearly $4,400 to recover bullish momentum.
The rejection from a high above $4,700 and a quick retrace below $4,200 reflect both profit and liquidation after weeks of aggressive leverage. For now, ETH is under pressure, but the ability to hold over $3,900 will determine whether this move is a healthy reset or a deeper start to fix it. Investors are closely watching the stabilization signal before the rebound persists.
Dall-E special images, TradingView chart
Editing process Bitconists focus on delivering thorough research, accurate and unbiased content. We support strict sourcing standards, and each page receives a hard-working review by a team of top technology experts and veteran editors. This process ensures the integrity, relevance and value of your readers’ content.
