Sep 2, 2025
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Ethereum Whales Accumulate $1.1 Billion in 260,000 ETH Over 24 Hours
Ethereum is currently testing the critical support level of $4,400 amid significant volatility and selling pressure. The market's downturn has placed bulls on alert as deeper corrections loom if support levels fail.
- Ethereum attracts interest from large investors despite market uncertainty, indicating long-term confidence.
- Capital rotation between Ethereum and Bitcoin is evident, with institutions shifting focus to Ethereum.
- Whales added 260,000 ETH worth approximately $1.1 billion in the last 24 hours, showing aggressive accumulation.
- Ethereum maintains resilience compared to Bitcoin, holding above key structural demand zones.
- Current price is $4,384, with critical support at the 200-day moving average around $4,236.
- A breakdown below this level could lead to losses toward the psychological mark of $4,000.
- Trading volume has declined, suggesting reduced conviction among buyers.
- For bullish momentum, Ethereum must reclaim $4,500 as support; failure to do so may result in further downside risks.
