Whale activity spikes as Ethereum dips—over $449M in institutional ETH buys signal strong confidence in future price growth.
The $3,100 zone aligns with the 0.618 Fib level and past demand, making it a critical battleground if sellers push lower.
ETH continues its reclaim-pump pattern; reclaiming $3,600 may trigger another bullish leg targeting $4,400 resistance.
Ethereum is testing key support near $3,600 as whale accumulation intensifies, with over $449 million in recent buys. Analysts highlight the $3,100 zone as a crucial battleground, potentially setting the stage for a bullish reversal.
Support Zone Back in Focus
According to data from the ETH/USD weekly chart on Bitstamp shared by Crypto anup on X, Ethereum has remained locked between $3,200 and $4,200 for months. The $3,800–$4,000 zone acted as strong resistance, where ETH formed a double-top in July. Price failed to close above this level and reversed downward.
https://twitter.com/CryptoAnup/status/1952942320849961288
A key Fibonacci support lies between $2,900 and $3,200. The current price of $3,634 is still holding above this zone. If sellers push further, analysts expect a retest near $3,100, which aligns with the 0.618 Fib level. This area has served as a major demand zone in past cycles.
Earlier in 2025, Ethereum surged from $1,600, breaking through former resistance levels like $2,400 and $3,200. This upward momentum started after a prolonged downtrend and was backed by strong weekly candles.
Institutional Buys Counter Bearish Sentiment
Despite short-term bearish patterns, Ethereum’s long-term trend remains supported by major buyers. As reported by TedPillows on X, a whale entity created four wallets and bought $361 million in ETH. In addition, JeremyBTC noted that BlackRock purchased 23,874.75 ETH worth $88.8 million. This institutional activity signals continued confidence even amid market hesitation.
These high-value transactions suggest strategic accumulation during price dips. Historically, such behavior precedes strong upside moves, especially when support zones hold firm.
Reclaim Pattern Still Intact
Market structure from the ETH/USDT daily chart on Binance, shared by Ash Crypto, shows a consistent pattern. Each deviation below key support has been followed by a reclaim and a bullish push. The most recent reclaim near $3,600 mirrors this setup, indicating another possible upside if the structure holds.
https://twitter.com/Ashcryptoreal/status/1952728300196884712
This structure appeared in March, June, and July. In each case, the recovery from the drop was followed by a new high. Currently, the $3,600 level is being reclaimed again. If this holds, another move toward $4,400 could follow.
