Ethereum (ETH) whales are back in buying mode, sparking cautious optimism across the market.
On-chain data shows large holders accumulated about 200,000 ETH — worth roughly $775 million — within 48 hours, lifting total whale holdings from 100.89 M ETH to 101.09 M ETH.
This surge in accumulation marks the strongest whale activity since early October, signaling that big players are positioning for a potential recovery phase.
🔹 Key Points
🐋 Whale Accumulation: 200K ETH added (≈ $775 M) in just two days.💵 Retail Momentum: The Money Flow Index (MFI) has been climbing since Oct 28, showing steady inflows from smaller investors.⚠️ Death Cross Threat: Ethereum’s 20-day EMA is on the verge of crossing below the 100-day EMA, a bearish pattern that previously led to a 13.7% correction in October.📊 Balanced Market Setup: ETH’s upside and downside distances are nearly equal — $4,069 resistance vs $3,680 support.📈 Trading Level: ETH trades around $3,875, up ~1% since month-start, with both bulls and bears battling for control.
💹 Price Action Analysis
ETH’s price action shows a delicate balance. If buying momentum from whales and retail traders continues, ETH could test $4,069, a breakout level that may open the path toward $4,265 – $4,487.
However, if the looming death cross confirms and sentiment weakens, a 4.9% pullback to $3,680 becomes likely — with deeper downside to $3,446 if selling pressure accelerates.
For now, Ethereum remains in a neutral zone, but upcoming EMA movement will likely decide whether November turns into a bullish breakout or a technical correction.
Whale accumulation hints at confidence, yet technicals warn caution.
If ETH breaks above $4K with volume, the death cross risk could be invalidated — but failure to hold current support might invite short-term selling before any major recovery.
#Ethereum #ETH #CryptoNews #whales #DeathCross