Ethereum News Today: Institutions and Whales Stockpile Ethereum Amid Volatility, Signal Bullish Rebound

Ethereum's price trajectory has sparked renewed debate among traders and analysts following a series of whale-driven moves and institutional accumulation that suggest a potential bullish reversal. After briefly testing support at $3,400, ETH dipped to $3,331 as key technical levels broke, but on-chain data revealed aggressive buying by large holders, signaling long-term confidence despite short-term volatility.

A prominent whale recently closed a 10,695 ETH long position-worth approximately $38.8 million at current prices-and opened a new 7,595 ETH long with a fresh wallet, a maneuver that has historically signaled trend reversals or accumulation phases according to market analysis. This activity aligns with broader market dynamics, as institutional buyers have poured $1.37 billion into Ethereum between $3,247 and $3,515. Meanwhile, Ethereum treasury firms like Bitmine Immersion Technologies continue to expand their holdings, now controlling 2.9% of the ETH supply, or 3.5 million tokens valued at $12 billion according to recent reports.

The coordinated accumulation has drawn attention from analysts, who note that rising Spot Average Order Size metrics for Ethereum often precede market bottoms. CryptoQuant's research highlights that such whale activity has historically coincided with late-stage compression phases before major upswings. Tom Lee, chairman of BitMine and a vocal Ethereum advocate, emphasized that the recent dip presented an "attractive opportunity" for institutional buyers, with the company acquiring 110,288 ETH in the past week alone.

Technical indicators further bolster the bullish case. A double-bottom pattern on the ETH/USD daily chart suggests buyers have defended the $3,500–$3,520 range twice, reinforcing the likelihood of a rebound. If the $3,520 support holds, Fibonacci retracement levels project resistance targets at $4,261 and $5,058. TradingView data shows volume surging 145% above average during the breakdown below $3,400, a sign of institutional-scale flows rather than retail panic.

The market's resilience is underscored by Ethereum's role as a foundational asset in the transition from traditional finance to on-chain systems. Publicly traded firms like Republic Technologies and Sharplink Gaming are expanding Ethereum staking operations, while Nasdaq-listed entities collectively hold over $6 billion in ETH according to industry data. This institutional embrace contrasts with declining daily active addresses, which remain 24% below mid-August levels, though network throughput hit a record 24,192 transactions per second according to technical analysis.

Analysts remain divided on near-term outcomes. While the breakdown below $3,400 has damaged the technical structure, the accumulation trends and seasonal Q4 strength in crypto markets could fuel a rally toward $4,500–$4,800. As one whale with a 100% win rate added $194.3 million to its ETH long position, the stage appears set for a decisive move higher-if buyers can reclaim the $3,350 resistance level.