Nov 14, 2025
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Ethereum Whale Moves $120M USDT to Binance for Potential Accumulation
Ethereum Price Struggles Amid Market Uncertainty
- Ethereum is facing challenges in breaking above the $3,600 resistance level, remaining range-bound due to selling pressure and market uncertainty.
- Analysts suggest this phase might be a final shakeout before a potential rally.
Whale Accumulation Signals Confidence
- On-chain data shows large holders, including institutions and crypto whales, are accumulating ETH despite volatility.
- The Ethereum whale “66kETHBorrow” has purchased 385,718 ETH (~$1.33 billion) since November and borrowed an additional $120 million USDT for further accumulation.
- This behavior suggests confidence in Ethereum's medium-term prospects, potentially indicating a price rebound.
Market Dynamics and Risks
- Leveraged accumulation by whales can create upward market pressure but also carries risks if support levels aren't maintained.
- If Ethereum falls below $3,400–$3,500, it may face increased liquidation pressure.
Technical Analysis: Consolidation Patterns
- Ethereum is consolidating above $3,450–$3,500, with bulls and bears in a standoff.
- The 200-day moving average offers crucial support, while failure to surpass the 50-day moving average indicates weakening downside momentum.
- A close above $3,650 could lead to a move toward $3,900–$4,000, whereas dropping below $3,400 might target the $3,100 zone.
