Ethereum whales are showing strong confidence in the top altcoin by accumulating a massive $236 million worth of ETH within just three days. Despite Ethereum’s struggles below the $2,000 mark, large investors continue to buy the dip, signaling long-term optimism.
Crypto analyst Ali Martinez highlighted this whale activity, pointing out that over 120,000 ETH was scooped up as Ethereum’s price dipped. This aggressive accumulation suggests whales see the current price levels as an opportunity rather than a concern.
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Whales bought over 120,000 #Ethereum $ETH in the last 72 hours! pic.twitter.com/kuZY6u9drS
— Ali (@ali_charts) March 21, 2025
Whale Strategies and Market Impact
According to Lookonchain data, one whale recently acquired 7,074 ETH worth approximately $13.8 million. The investor withdrew 4,511 ETH from OKX and deposited it into the decentralized finance (DeFi) platform Aave. They then borrowed 5 million USDT, which they used to buy another 2,563 ETH, reinforcing the ongoing whale accumulation trend.
During this period, Ethereum’s price fluctuated between $1,872 and $2,060, with ETH currently trading around $1,966. After a 7% rally earlier in the week, Ethereum’s weekly gains have been trimmed to just 1.7%, while it remains down 27% over the past month.
A whale bought 7,074 $ETH($13.8M) today!
The whale withdrew 4,511 $ETH($8.81M) from #OKX 3 hours ago and deposited it into #Aave.
Then he borrowed 5M $USDT from #Aave and deposited it into $OKX to buy another 2,563 $ETH($5M).https://t.co/E2RP7YmcaA pic.twitter.com/YLNvvVH3RB
— Lookonchain (@lookonchain) March 21, 2025
Long-Term Outlook for Ethereum
Despite the choppy market action, Ethereum whales appear to be betting on a future rebound. Standard Chartered analysts recently revised their ETH price prediction, suggesting the altcoin could reach $4,000 by 2025, down from an earlier forecast of $10,000.
With whales accumulating ETH aggressively, retail investors are also turning more bullish on Ethereum’s long-term prospects. Whether this accumulation leads to a significant price rally remains to be seen, but confidence in Ethereum’s fundamentals appears to be growing.
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