Ethereum Price Analysis: Fall to $3,331 With Whales Buying $1.37B During Breakdown
CoinDesk
Ether dropped 3.3% to $3,331, breaking key support, even as whales accumulated $1.37 billion worth of ETH.Summary
Ether (ETH) experienced a sharp 3.3% decline, falling to $3,331 and breaking below the critical $3,400 support level, driven by heavy selling volume that peaked 145% above average. Despite this bearish technical breakdown, on-chain data revealed that large holders, or whales, aggressively accumulated 394,682 ETH, valued at about $1.37 billion, between $3,247 and $3,515. This accumulation suggests institutional confidence in the asset as a strategic entry point despite the immediate technical damage, which includes a lower-high structure since the $3,920 cycle peak. Traders are now watching if ETH can hold the $3,247 support zone to prevent further selling toward $3,200.
(Source：CoinDesk)