Ethereum Whales Accumulate 1.1 Million ETH Amid 6% Market Drop

Ethereum whales have been actively purchasing ETH, accumulating a total of 1.1 million coins within the past 48 hours. This significant buying spree comes amidst a broader market correction, where ETH has experienced a 6% drop following the signing of an executive order for the US strategic reserve by President Donald Trump. The aggressive buying by institutional players suggests a potential trend reversal in the near future.

Crypto analyst Ali Martinez highlighted that Ethereum whales have been accumulating ETH, purchasing 1.10 million coins in the past 48 hours. This sudden accumulation has sparked speculation within the community, with some questioning whether the whales have insider knowledge of upcoming market developments. The surge in whale activity could indicate confidence in Ethereum’s future prospects or anticipation of a major event. A day prior, Donald Trump’s DeFi project World Liberty Financial purchased $10 million worth of Ethereum, acquiring a total of 4,468 ETH at a price of $2,238 per coin. This purchase adds to the recent trend of significant ETH accumulation by whales, which has surged over the past week with an additional purchase of 110,000 ETH. Historical data suggests that such accumulation often precedes periods of price stabilization or upward movement for Ethereum. Analyst Martinez noted that as long as ETH stays above $2,200, the odds of a rebound increase.

Currently, the ETH price is trading at $2,170 with a market cap of $261 billion, representing a 5.75% drop. The 24-hour liquidations have surged above $71 million, with $52.96 million in long liquidations, despite the executive order for the US strategic reserve involving ETH. On-chain analytics firm Santiment revealed that Ethereum sentiment has dropped to its lowest levels of the year amid strong underperformance. Despite the bearish mood dominating social media discussions, Santiment suggests this could be a positive indicator for long-term holders. Crypto analyst Titan of Crypto dismissed fears about Ethereum’s decline, emphasizing that the second-largest cryptocurrency remains technically robust. According to the analyst, Ethereum continues to move within a broadening wedge pattern—a bullish technical setup. Additionally, ETH recently revisited the “Reload Zone” (RLZ), a key price area where professional traders often look to initiate long positions or accumulate more.