- Whales invested 1.1 million ETH during 48 hours to demonstrate confidence because Ethereum prices decreased by 6 percent.
- During the price drop, market liquidations hit $71 million of which $52.96 million were long positions.
- The technical indicators show Ethereum resting in a robust support area where expert analysts anticipate an imminent market trend change.
Ethereum whales have aggressively accumulated 1.1 million ETH within the past 48 hours despite a 6% price decline. The rising amount of accumulation indicates institutional investors use the current market devaluation as an opportunity to boost their Ethereum holdings. The increase in whale activities recorded through on-chain analytics spurs predictions about market trends that might occur in the future.
The Ethereum market value decreased shortly after President Donald Trump announced his executive order regarding the national strategic oil reserve. The public declaration led Ethereum to depreciate 6% so its market price reached $2,170 despite prevailing marketplace elements. History shows whale accumulation phases result in market recovery regardless of ongoing downturns in the present market.
World Liberty Financial’s $10 Million Ethereum Purchase
World Liberty Financial purchased 4,468 ETH from the Trump-linked DeFi project at $2,238 per ETH through its $10 million transaction. The acquisition made by World Liberty Financial demonstrates a rising institutional demand which implies positive long-term projections for Ethereum’s market movement.
The current market downturn caused significant liquidations exceeding $71 million in the last day. Long positions made up $52.96 million of the total $71 million liquidated during this period. Whale activity at present prices indicates that investors view Ethereum as a stable project.
Ethereum’s Technical Outlook and Key Support Levels
Analysts remain optimistic despite the current bearish sentiment. Ethereum’s price structure continues to hold within a broadening wedge pattern, a technical setup that often signals a potential reversal. Additionally, Ethereum has revisited the “Reload Zone,” an area where institutional traders typically look to accumulate.
Crypto analyst Ali Martinez stated Ethereum needs to preserve a price point above $2,200 for it to contend for market recovery. The recent bulk purchase activities carried out by major investors create stronger possibilities for market stabilization.
Ethereum Sentiment Hits Yearly Lows
On-chain analytics firm Santiment reported that Ethereum’s market sentiment has dropped to its lowest level of the year. While negative sentiment dominates social media discussions, historically, such phases have often preceded bullish reversals as smart money accumulates.
Ethereum’s recent decline has not deterred large investors, who have taken advantage of the price dip to strengthen their holdings. With 1.1 million ETH accumulated within two days, coupled with technical indicators showing strong support levels, market participants are closely watching for a potential trend reversal in the coming days.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
