Tag: well-capitalized

Ethereum Holds Critical Support as Whales Accumulate

The post Ethereum Holds Critical Support as Whales Accumulate appeared com. Ethereum continues to defend key price levels as the market enters a consolidation phase following recent volatility. The second-largest cryptocurrency by market capitalization trades around $3,450, maintaining a position that analysts consider crucial for the continuation of its bullish structure. A mid-November decline pushed ETH toward the $3,400 mark before stabilizing. Current trading shows the cryptocurrency hovering near $3,564, with modest daily losses as market participants monitor critical support and resistance zones. Critical Support Zone Determines Next Move The $3,000 level has emerged as the most significant support area for Ethereum’s current market structure. Technical analysts consistently highlight this price point as the foundation for any potential upward movement. A sustained hold above this threshold could enable ETH to target the $4,300 region in the coming weeks. Recent price action suggests a range-bound consolidation rather than a bearish breakdown. The cryptocurrency has been trading between $3,348 and $3,700, with multiple tests of these boundaries. Market observers describe the current pullback as healthy within the context of the broader uptrend that began when Ethereum bounced from $2,800 earlier in 2025. The $3,700 zone presents immediate resistance. This level, which previously provided reliable support, has now become a barrier. Ethereum’s Bitfinex chart shows at least three bounces from this horizontal band since late October. A decisive break above this level, accompanied by strong volume, could signal renewed bullish momentum. Institutional Players Increase Holdings On-chain data reveals significant accumulation by large wallet holders despite recent price weakness. One verified whale purchased 75, 418 ETH worth approximately $269 million through Binance in just 12 hours. This acquisition increased the wallet’s total holdings to roughly 266, 901 ETH, valued at $949 million. The accumulation trend extends beyond.