- Ethereum price was above the $2,150 level.
- The bulls showed resilience as the whales re-accumulated $111 million worth of funds. $ETH.
- Further movement above $2,000 could push the price towards the $2,500 resistance.
Mysterious Ethereum whale re-emerges after 7 months of dormancy and has just deployed over $111 million $USDT accumulate $ETH.
The whale’s movements were as follows. $ETH The price remained above $2,170 amid widespread declines in the cryptocurrency early Thursday.
Ethereum rebounded from the crucial $2,150 level, with intraday volume increasing 39% to over $27 billion, as Bitcoin revisited the $70,000 support.
Ethereum whale spends $111 million on re-accumulation $ETH
Lookonchain says the whales that left Ethereum seven months ago when the price soared towards $4,000 are back.
The mysterious holder spent 111.62 million $USDT Purchase 50,706 $ETHthis new purchase will be made at an average price of $2,201 per token.
According to on-chain data, this purchase mirrors a sale from exactly one year ago when the same address offloaded 28,683. $ETH $3,892 each.
This sale had a net value of $111.62 million, and a recount of its exact value highlights a classic “buy low, sell high” move.
Mysterious whale returns after 7-month hiatus and spends $111.62 million $USDT Buy back 50,706 $ETH The average price is $2,201.
1 year ago, this whale sold 28,683 pieces $ETH Average price is $3,892 for $111.62 million $USDT.
What a perfect buy low, sell high move! … pic.twitter.com/3F56jkgr2y
— Lookonchain (@lookonchain) March 19, 2026
The awakening after seven months shows the whale’s position amidst a potential rebound and reflects confident buying by companies such as Bitmine.
A financial firm led by Fundstrat’s Tom Lee recently bought $60,999. $ETH Worth over $140.3 million and currently holds 4,595,562 $ETH It is worth more than $10.5 billion.
$ETH’s recovery above $2,000 coincided with the Ethereum Foundation entrusting $7.88 million in altcoins to Steakhouse, a DeFi asset management company with over $1 billion in assets under management.
EF currently has assets of more than $400 million. $ETH.
can $ETH Would you like to keep your profits above $2,150?
Ethereum price rose to a high of $2,386 on Monday, riding the bullish reversal that pushed Bitcoin to $76,000.
However, the current price is hovering around $2,170, testing support as Bitcoin retests the support near $70,000.
As mentioned above, top coins are retreating as risk assets face global economic headwinds. Inflation and escalating tensions in the Middle East stand out as key near-term headwinds.
Meanwhile, here is the technical photo $ETH The price is hovering around the major support level on the daily chart.
The $2,100 mark is currently acting as an important support zone and coincides with the uptrend line.
The price also tracks the 50-day exponential moving average, which is currently acting as resistance near $2,215. This is a hurdle that bulls need to overcome for a potential continuation of the rally.
Ethereum price chart by TradingView
If support remains solid above the aforementioned levels, the next target will remain at $2,400-$2,500. According to the daily chart, the 100 EMA is located at the $2,500 level.
A breakdown from current levels could lead the bears to target sub-$2,000 levels. The cycle low near $1,800 provides a reload zone of solid demand.
