Ethereum's price pressure remains significant with market value under $2,000 due to ongoing sales. However, large investors are accumulating more tokens.
Rise of Ethereum Whale Activity
On March 21, crypto analyst Ali Martinez reported that Ethereum whales began actively accumulating the coin, increasing their holding stats. The price drop below $2,000 created an opportunity for major holders to gather more Ethereum. In three days, whales acquired over 120,000 ETH worth approximately $236 million.
Whale Strategies and Market
One whale purchased 7,074 ETH worth over $13.8 million. Additionally, the whale withdrew 4,511 ETH from the OKX exchange and deposited them into Aave. These actions highlight growing optimism from large-scale investors within the Ethereum market.
Ethereum Forecasts
Despite a 27% market correction last month, whale investors maintain a buying pattern, indicating preparation for potential price appreciation. Standard Chartered analysts recently updated their Ethereum price estimation to $4,000 for 2025.
Whale investors continue to increase their positions in Ethereum amid current market fluctuations, suggesting confidence in the asset's long-term growth potential.
