ETH Whales Accumulate Despite Price Correction
Ethereum (ETH) has recently faced a notable price correction, dipping below key support levels. However, this hasn't deterred large investors—often referred to as "whales"—from increasing their holdings. On-chain data indicates a steady rise in ETH accumulation by wallets holding significant amounts of the asset, suggesting strong long-term confidence in Ethereum’s fundamentals.
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This accumulation trend comes at a time when retail sentiment remains mixed, and short-term traders exhibit caution. Whales appear to be leveraging the price dip to strategically expand their positions, likely anticipating future gains tied to Ethereum’s growing utility in DeFi, NFTs, and upcoming scalability improvements.
#whalemovement
Such behavior often precedes market reversals, as whale accumulation can signal a floor in price and renewed institutional interest. While the broader crypto market remains volatile, Ethereum’s underlying value proposition continues to attract seasoned investors who see opportunity in temporary corrections.
Ethereum (ETH) Market Update – August 3, 2025
Ethereum is currently trading around $3,460 after experiencing a modest pullback from recent highs near $3,520. Despite this short-term correction, ETH remains one of the top-performing assets over the past month, with gains of over 50% in July.
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Whale wallets have shown strong accumulation behavior, purchasing hundreds of millions of dollars in ETH during the dip. Institutional interest, especially through ETFs, continues to support Ethereum’s price action, even as retail investor activity remains relatively quiet.
#MarketPullback
This divergence between whale accumulation and retail hesitation may signal a setup for a larger move. If ETH breaks through resistance around $3,800 to $4,000, the next potential target range is between $4,500 and $4,900.
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For now, Ethereum remains fundamentally strong, with growing use cases in DeFi, NFTs, and scaling upgrades, even as the market navigates short-term volatility.
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