#EthereumAccumulation #ETH #CryptoWhales
A newly identified Ethereum address has quickly become one of the biggest players on the network, scooping up nearly 80,000 ETH in just three days. Here is why traders should pay attention to this activity.
According to PANews, the address 0xdf0...e2EF3 now holds 79,461.38 ETH, valued at about $299 million. Even with that huge buy-in, the wallet currently shows an unrealized loss of $22 million, highlighting how volatile Ethereum has been recently.
One of the most important moves happened three hours ago, when the wallet received 16,495 ETH (about $58.5 million) from Galaxy Digital, a well-known institutional player. This large transfer helped lower the whale’s average buy price to $3,763.53 per ETH.
Why Does This Matter for Traders?
When a whale makes big, repeated purchases during price dips, it can signal strong long-term confidence in ETH. These large accumulations often act as support zones, making it harder for Ethereum to drop far below the whale’s cost basis without fresh selling pressure.
If you trade Ethereum, here are a few points to consider:
✅ Watch the $3,750–$3,800 Range: This zone is now the average purchase price for this whale and could become a battleground for buyers and sellers.
✅ Monitor On-Chain Flows: If this address keeps adding ETH on weakness, it could stabilize price action and build momentum for a rebound.
✅ Be Ready for Volatility: Large accumulations can trigger both upside breakouts and profit-taking corrections if the market reverses.
How You Could Position
🔹 Spot Investors: Consider scaling in gradually rather than chasing sudden pumps.
🔹 Futures Traders: Look for confirmation of support holding near the whale’s average price before committing to long positions.
🔹 Altcoin Traders: Ethereum strength can often lead to liquidity rotating into L2 and DeFi tokens.
This accumulation is a clear sign that big players still see Ethereum as a valuable long-term asset, even when prices dip.