Ethereum Whales Snap Up $1.6 Billion ETH As Selling Declines

Ethereum is attempting to stabilize after an extended decline that raised concerns about its ability to stage a recovery. ETH has struggled to generate upward momentum for most of the month. However, shifting investor behavior now suggests the situation may be changing. Declining selling pressure and aggressive whale accumulation are creating early signs of strength. Ethereum Whales Show Their Strength Whale activity has become a key driver of Ethereum’s current market sentiment. Addresses holding between 1 million and 10 million ETH have accumulated nearly 460,000 ETH in the last four days. This haul, valued at more than $1.6 billion, indicates strong conviction among large holders that Ethereum is positioned for a rebound. Their behavior often sets the tone for broader market direction, and this scale of accumulation signals renewed confidence. This buying spree also highlights that whales see ETH’s discounted prices as an opportunity rather than a warning. Large purchases during periods of market weakness often precede recovery phases. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Ethereum Whale Holdings. Source: Santiment Beyond whale accumulation, Ethereum’s macro momentum shows additional improvement. The Age Consumed metric is declining, reflecting a noticeable slowdown in long-term holder selling. The indicator tracks the movement of older coins, and smaller spikes suggest fewer long-standing investors are parting with their holdings. This behavior is critical, as LTH selling, historically, amplifies market downturns. The reduced movement among dormant coins gives Ethereum breathing room. When LTHs hold instead of distributing their supply, selling pressure eases, helping stabilize price action. Combined with whale accumulation, this creates a more resilient foundation that could allow ETH to recover once favorable conditions return. Ethereum Age Consumed. Source: Santiment ETH Price Faces Downtrend Ethereum’s price is at $3,540 at the time of writing as it attempts to break above the $3,607 local resistance. ETH remains under a month-long downtrend, but this ceiling is the first key level that must be reclaimed before bullish momentum can return. If the factors mentioned earlier continue to strengthen, Ethereum could successfully clear $3,607 and advance toward $3,802. Reaching this level would help ETH challenge the prevailing downtrend and potentially open the door to further gains. ETH Price Analysis. Source: TradingView However, if ETH fails to breach $3,607, the altcoin could slide toward the $3,287 support level again. Losing that floor would expose the price to a deeper drop toward $3,131, invalidating the emerging bullish outlook. The post Ethereum Whales Snap Up $1.6 Billion ETH As Selling Declines appeared first on BeInCrypto.