- High market volatility causes ETH to drop beneath $1,919.69 as it swings between $1,791.23 and $2,138.01 across the current period.
- An important investor spent $28.6M on ETH purchases which might signal future changes in the price.
- The increasing market unpredictability reduced institutional crypto interest which negatively impacts how people view Ethereum.
The Ethereum (ETH) token experienced a major price drop as it declined by 7.7% to reach $1,922.41 during the last 24 hours. The market shows high volatility through its price movement between $1,791.23 and $2,138.01 during the last 24 hours.However, despite the downturn, recent on-chain data has revealed that a “whale,” has acquired approximately $28.6 million worth of ETH, raising speculation about potential future price movements.
Trade Wars Weigh on Institutional Crypto Demand
Despite the Trump administration announcing the strategic Bitcoin and crypto reserve, which was highly anticipated, the ongoing tariff trade wars have changed the entire market dynamics. Consequently, on-chain data shows institutional investors have dramatically reduced their appetite for crypto assets.
The Ethereum (ETH) market has demonstrated the most negative sentiment across all altcoin markets throughout recent months. At present the large-cap altcoin trades below its essential support range of $2.1k to $2.2k while maintaining a market capitalization of $231.98billion and 24-hour trading volume of $37.44 billion and its fully Diluted Valuation at $231.98B.
Whale Accumulation Hints at Ethereum Rebound
Historically, whale accumulation during price declines has been followed by eventual recoveries. Major market investors entering the market can purchase to absorb selling pressure which forms support boundaries to stop additional market drops.
The continuing buying trend among large investors shows potential for Ethereum to rise in market value during upcoming sessions. The key resistance stage sits at $2,138.01 while the vital support point exists at $1,791.23 in determining the future trajectory of the asset.
Whale accumulations show that retail sellers maintain a complex struggle with institutional buyers in the current market conditions. Large investment activity indicates some participants see the present market decrease as a strategic buy opportunity.
