Ethereum News Today: Institutional Whales Accumulate ETH as Retail Fear Deepens

The "Perfect Winning Rate Whale," a high-profile on-chain entity known for consistently profitable trades, has liquidated its long Ethereum (ETH) position, signaling a potential shift in market sentiment. Meanwhile, a cluster of whale activity has emerged as traders capitalize on recent price dips, with the enigmatic "7 Siblings" crypto wallet group leading the charge. According to blockchain analytics, the group borrowed $40 million in USDC via Aave V3 to purchase 10,861 ETH at an average price of $3,683, while additional transactions suggest further accumulation efforts, according to Cryptopolitan. This marks a continuation of their strategy, which has historically involved buying ETH during downturns and selling near peaks, as seen in an August 2025 $88 million profit-taking event.

The "7 Siblings" are not alone in their bullish bets. Another whale wallet, tracked by Lookonchain, spent $52.47 million in USDC to acquire 14,254 ETH at $3,681, reinforcing the narrative of institutional-grade buyers leveraging volatility, as reported by Live Bitcoin News. Concurrently, the mysterious BitMine entity reportedly withdrew $113 million worth of ETH from BitGo, with Arkham analysts noting this as part of a broader "buying the dip" trend. These actions come as Ethereum trades near $3,500, with the Fear & Greed Index hovering at 28—a level deeply entrenched in "fear," indicating cautious retail sentiment.

The market's defensive positioning is further underscored by technical indicators. Ethereum has held above critical support levels, including $3,221 and $3,250, while resistance remains concentrated near $3,600 and $3,850. Analysts highlight that large buyers often step in during such periods, using low liquidity and retail hesitancy to accumulate at discounted prices. The Ethereum Foundation's impending Fusaka upgrade, aimed at enhancing scalability and data availability, also adds a layer of fundamental optimism.

Despite the bullish whale activity, challenges persist. The broader crypto market has seen a 5% drop in ETH prices this week, with global trading volumes exceeding $20 billion as profit-taking and panic selling coexist. Meanwhile, macroeconomic uncertainty looms, with the U.S. Federal Reserve's potential delay in rate cuts casting a shadow over risk assets.

The implications of these moves could be significant. Historically, whale-driven buying sprees have acted as stabilizers during market corrections, potentially setting the stage for a rebound. With entities like "7 Siblings" and BitMine amassing ETH at multi-year lows, the narrative shifts from bearish capitulation to strategic accumulation—a dynamic that could redefine Ethereum's short-to-medium-term trajectory, as reported by Phemex and Yahoo Finance.