Ether Whale Purchases 569,247 ETH Worth $1.69 Billion

Key Highlights on ETH Investment Activities:

Ether is trading below $3,000, with some traders anticipating a downturn. However, on-chain data indicates smart investors are buying dips.
The 66kETHBorrow whale added 40,975 ETH worth approximately $121 million on Dec. 23, totaling 569,247 ETH purchased since Nov 4, valued at about $1.69 billion. Approximately $881.5 million for these purchases was borrowed from Aave.
Fasanara Capital increased its ETH exposure by purchasing $19.72 million in ETH and used it as collateral to borrow $13 million in USDC for additional ETH purchases.
The number of wallets holding between 10,000 and 100,000 ETH has risen, indicating increased accumulation by investors during price dips.

Selling Pressure and Market Outlook:

Despite buying interest, selling pressure remains. Arthur Hayes sold 1,871 ETH worth $5.53 million to invest in DeFi tokens such as ENA, PENDLE, and ETHFI.
ETH is trading around $2,932, down 1% recently, mostly within the $2,800-$3,200 range since mid-November. Analysts suggest that a test of the 200-day EMA could influence future movements.
If ETH breaks below the 200 EMA, it might drop to the $2,000-$2,100 level. Strong bids near $2,600 are expected to hold, with potential for a rally in Q1 2026.