The current market situation for Ethereum shows that despite challenging conditions, large investors continue to accumulate this asset.
Whales Buy 15,563 ETH Amid Price Crash
Data from the transaction tracker Lookonchain reveals that a crypto whale, who previously bought 3,195 ETH for $5.97 million, has purchased an additional 4,100 ETH for $7.32 million on April 4, 2025. This whale appears to be averaging its ETH purchases, having accumulated 33,441 ETH worth $65.5 million at an average price of $1,959 since March 26, 2025.
Current Price Momentum of Ethereum
At press time, ETH is trading near $1,790 and has recorded a modest price surge of over 0.90% in the past 24 hours. However, during the same period, trading volume has dropped by 30%, indicating lower participation from traders and investors compared to the previous day.
Ethereum Technical Analysis and Upcoming Levels
According to expert technical analysis, ETH appears bearish after recently breaking below a crucial support level of $1,810. If ETH remains below this level, there's a strong possibility of a 15% decline to $1,500 in the coming days. Furthermore, traders are currently over-leveraged at the $1,751 support level and the $1,822 resistance level, reflecting current market sentiment.
Thus, in an unfavorable market backdrop, major investors continue to strengthen their positions in Ethereum, which may indicate their belief in the long-term potential of the asset.
