Whales Turned the Fall in Altcoin Giant Ethereum into an Opportunity: They Buried 1.37 Billion Dollars

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largest altcoin Ethereum $3,389.15The price of (ETH) decreased by 3.3 percent in the last 24 hours, falling to $ 3,331 and falling below the $ 3,400 support. Despite the selling pressure, internal Blockchain data shows that large investors turned the decline in price into an opportunity. A total of 394,682 ETH worth approximately $1.37 billion were collected by whales between $3,247 and $3,515. These purchases by Whales indicate strategic positioning at the corporate level amid short-term technical weakness.

Technical Outlook on Ethereum

ETHFollowing the pullback near $3,415, the price lost the $3,400 support and strengthened its downside momentum. CoinMarketCapAccording to data from , the price movement confirmed the downward trend defined by lower highs, while the most intense moment of sales occurred on November 6 at 18:00 CET. In those minutes, the transaction volume increased to 539,742 ETH, 145 percent above the 24-hour average. The sharp increase in volume revealed that corporate-scale transactions rather than individual investor sales were driving the market.

altcoin Although the giant tried to retest the $ 3,350 resistance in the last part of the trading session, it was unsuccessful. The bearish structure from the previous high at $3,920 maintains the technically impaired outlook.

Whale Activity and Intra-Blockchain Dynamics

A striking contrast occurred in the environment where sales were concentrated. blockchain Internal data reveals that large addresses collected 394,682 ETH and these purchases took place especially in the $ 3,247-3,515 band. This chart indicates that major players consider the pullback as a long-term entry opportunity.

In basic indicators, daily number of active addresses It has decreased by 24 percent since mid-August. In contrast, the transaction capacity of the Ethereum network reached an all-time high, reaching 24,192 transactions per second. Analysts evaluate that maintaining $ 3,247 may bring balance to the price in the short term, and if $ 3,480 is exceeded, the selling pressure may weaken.