$ETH Whale Returns, Spends $17 Million Accumulating 5.678 ETH At $2,985 Level

Onchain data on 20/12 recorded strong buying action from a familiar Smart Money entity, defying bearish market sentiment.

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🔸Two addresses same entity executed a purchase of 5,678 ETH $16.95 million at an average price of $2,985.

🔸 Identified as a disciplined Swing Trader, this whale recently profited $137,000. Their immediate return to the market signals strong confidence in this price level.

🔸 Dropping $17 million just below the $3,000 mark confirms this as a key Psychological Support zone. While ETFs are net selling, whales quietly reaccumulating suggests Smart Money is expecting a shortterm bounce.

The whale accepted buying back ETH at $2,985 right after taking profit. Dare you catch the knife with them at this level, or are you waiting for ETH to crash deeper to $2,500 before entering?

News is for reference, not investment advice. Please read carefully before making a decision.