Key Insights:
- Ethereum whales bought 1.1M ETH in 48 hours, signaling strong accumulation.
- Trump’s DeFi project purchased $10M ETH, adding 4,468 coins at $2,238 each.
- ETH sentiment dropped to yearly lows, with analysts eyeing a potential rebound.
Ethereum Whales bought 1.1 Million ETH within the last 48 hours in spite of a 6% price decline. This comes at a time when Ethereum has been experiencing a market drop.
This follows President Donald Trump’s executive order related to the U.S. Strategic Reserve. However, institutional investors are buying more, thereby signaling uncertainty regarding future stock market fluctuations.
Ethereum Whales Intensify Accumulation
Ethereum’s recent price dip has triggered significant accumulation from whale investors. Crypto analyst Ali Martinez reported that these investors added 1.1 million ETH in two days, signaling strong demand.
The timing of this accumulation has drawn attention, as similar trends have historically preceded market reversals. If buying pressure continues, Ethereum could stabilize near its current levels.
In the past week, Ethereum whales have further expanded their holdings by acquiring an additional 110,000 ETH.
Large-scale purchases from institutional players often influence price action by reducing available supply.
This trend suggests that major investors are positioning themselves strategically, reinforcing Ethereum’s role as a key asset in the cryptocurrency market.
Ethereum’s $2,200 Support Holds Strong
Ethereum price has hovered near the critical $2,200 level, a key support zone in recent trading sessions.
Analyst Ali Martinez noted that the TD Sequential indicator flashed a buy signal on Ethereum’s weekly chart, showing an A13 pattern.
This signal has historically been associated with potential price recoveries, bringing attention to Ethereum’s technical outlook.
Despite short-term volatility, Ethereum price has maintained its position above this crucial level. If buyers continue to defend the $2,200 mark, Ethereum price could remain stable in the near term.
However, a breakdown below this support could result in increased selling pressure, leading to further downside movements.
Trump’s DeFi Initiative and Institutional Interest
Donald Trump’s DeFi project World Liberty Financial has recently bought $10 Million in Ethereum. The transaction included 4,468 ETH at an average cost of $2,238 per ETH.
This acquisition gave a positive signal to the rising institutional interest in Ethereum particularly in financial projects.
The recent surge in institutional accumulation aligns with broader market trends. The accumulation by Ethereum whales has also continued over the past week, showing that the demand for the asset is well and alive.
Evidence from the past suggests that investors tend to build up positions prior to a major shift by market, thus impacting liquidity and price trends.
Market Sentiment and Future Outlook
On-chain data showed that the Ethereum price was souring to its lowest level of the year. This decline in bullish sentiment comes after the recent decline in Ethereum’s performance.
Notably, some analysts have asserted that Ethereum price is still within a broadening wedge formation.
In addition, the Relative Strength Index suggests that Ethereum is near the support that has been considered for trading previously.
All of these aspects had an impact on current discussions about the short-term trend on Ethereum’s price.
At the time of writing, the price of Ethereum is $2,187.27, which is a 4.96% decrease in the last 24 hours. The market capitalization has seen significant declines to $ 263.77 Billion and the trading volume has remained high $ 21.13 Billion.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
