Large investors, known as whales, have started aggressively buying Ethereum as prices and dominance decline.
Market Trends
Ethereum continues to face sell-off pressure, despite whale activity. As of today, Ethereum's market dominance stands at 8%, a historical low, while the token's price has dropped 46% in the past year.
Whale Activity in Buying Ethereum
Despite falling prices, large investors are increasing their Ethereum holdings. According to data from IntoTheBlock, the number of large Ethereum transactions increased from 4.41k to over 4.61k in the past two days. In the last 24 hours, three whale wallets have acquired over $40 million worth of ETH.
Future Prospects for Ethereum
Analysts suggest that if history repeats, Ethereum may see an upward trend in its market capitalization. One whale has been actively purchasing Ether since March 26, 2025, acquiring at an average price of $1,959 per token. This investor now holds 33,441 ETH worth over $65.5 million.
Thus, whale activity in the Ethereum market may indicate a potential upward trend, despite current price pressures.
