Ether News: Ether Dips Below $3,400 as Whales Snatch $1.37B in Accumulation
The post Ether News: Ether Dips Below $3,400 as Whales Snatch $1.37B in Accumulation appeared on BitcoinEthereumNews.com. Ether plummets down to less than $3,400 to $3,331 with whales acquiring $1.37 billion in ETH, which is an indication of strategic purchasing despite the weak market. Ether collapsed 3.3% to $3,331, with major support crashing on November 7, 2025. This was a major technical failure that triggered alarm among traders due to the break below the price zone of 3,400. Nonetheless, on-chain data showed an unexpected opposite phenomenon: large holders or whales accumulated almost 395,000 ETH, which is worth 1.37 billion dollars, considering the moment of the dip as a good entry point instead of indicative of the further downturn. Volume increased by 145 percent above average during the breakdown, and the sell-off wiped out recent gains as bearish momentum arrived with a roar. This increase in trading activity was driven by institutional-sized trading rather than by retail panic, showing heavy selling pressure at crucial price points. Nevertheless, whales accumulated aggressively between $3,247 and $3,515, signaling long-term trust in the growth prospects of Ether. Stunning Whale Activity Counterbalances Sell-Off The piling up by whales upset normal bearish stories. Statistics indicated that such big investors were using the chance to accumulate Ethereum at lower prices, a move that indicated that they were betting that the prices would climb back to their former position. The biggest whale, having a history associated with Aave, bought 257,543 ETH alone, which is about $896 million, at an average cost of about 3,480. Other participants also entered the purchasing frenzy, such as new wallets and institutional traders, during the market correction. This deviation between the decrease in price and accumulation by whales creates speculation on the possibility of a near-term Ether price bottom. The technical structure was damaged by lower highs and resistance at $3,415, but the whale buying indicates that the market is making…
BitcoinEthereumNews2025/11/08 11:32