Ethereum Whales Accumulate $1.3B in ETH, Reigniting Hope for a Recovery to $4,000
π Major investors keep buying the dip despite ETH's pullback, reinforcing confidence in a strong near-term recovery. Over the past 10 days, an anonymous whale has quietly accumulated more than 385,000 ETH β worth $1.3 billion β according to data from Arkham Intelligence. Notably, the wallet also borrowed an additional $270 million in stablecoins on Aave to expand its position, bringing total ETH-related holdings to over $1.38 billion. And that's not all β the Lookonchain platform has also spotted another whale borrowing stable
π Major investors keep buying the dip despite ETH's pullback, reinforcing confidence in a strong near-term recovery.
Over the past 10 days, an anonymous whale has quietly accumulated more than 385,000 ETH, worth $1.3 billion, according to data from Arkham Intelligence. Notably, the wallet also borrowed an additional $270 million in stablecoins on Aave to expand its position, bringing total ETH-related holdings to over $1.38 billion.
And that's not all β the Lookonchain platform has also spotted another whale borrowing stablecoins to buy ETH, with 83,816 ETH (valued at $288.6 million) deposited into Aave and a loan totaling $122.89 million.
Meanwhile, BitMine β an Ethereum mining and investment company β continues to accelerate its accumulation. Over the past week, BitMine purchased an additional 110,000 ETH, bringing its total holdings to 3.5 million ETH (equivalent to $12.5 billion), officially making it the largest institutional holder of Ethereum in the world.
π On the technical side, ETH's price chart is forming a V-shaped recovery pattern. ETH is currently testing the 100-day moving average around $3,450. If price breaks above this zone, the next target is set at $4,172, representing a roughly 21% gain from current levels.
Analysts argue that beyond the technical picture, on-chain signals such as declining ETH supply on exchanges, the expansion of the tokenized economy past $200 billion, and strong institutional participation are all reinforcing the bullish near-term outlook.
π₯ Taken together, all of these moves point to one thing: whales and institutions are treating the current pullback as a golden buying opportunity, positioning themselves ahead of Ethereum's next recovery cycle.