{"id":57168,"date":"2025-11-06T23:31:31","date_gmt":"2025-11-06T23:31:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=57168"},"modified":"2025-11-06T23:31:31","modified_gmt":"2025-11-06T23:31:31","slug":"ethereum-buyers-have-re-entered-the-arena-below-3400-heres-how-much-theyve-bought","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=57168","title":{"rendered":"Ethereum Buyers Have Re-Entered The Arena Below $3,400, Here\u2019s How Much They\u2019ve Bought"},"content":{"rendered":"
\n

Ethereum\u2019s price has fallen below $3,400 <\/a>for the first time since August, but large investors appear to have turned this correction into a buying opportunity. Data shows that whales have been accumulating vast amounts of ETH<\/a> within a short window.\u00a0<\/p>\n

The accumulation coincides with Ethereum recording a new network throughput milestone, which adds further strength to the argument that the cryptocurrency is still solid even during the price weakness.<\/p>\n

Whales Scoop Up $1.12 Billion Worth Of ETH In 48 Hours<\/h2>\n

Data from the on-chain analytics platform Lookonchain shows that some<\/a> Ethereum whale addresses have accumulated a combined 323,523 ETH, valued at approximately $1.12 billion, within the past 48-hour period.\u00a0<\/p>\n

One of the biggest purchases came from a whale who bought 257,543 ETH, worth about $896 million, at an average price of $3,480 per ETH. Another cluster of addresses, referred to as the \u201cseven siblings\u201d by Lookonchain, collectively added 37,971 ETH worth $133 million at an average price of $3,515.<\/p>\n

\"Ethereum\"<\/p>\n

The data also revealed participation from a whale known for swing trading Ethereum through over-the-counter deals, who acquired 14,004 ETH for about $45.5 million. This address bought these ETH at an average price of $3,247, which was exactly around the recent price low.\u00a0<\/p>\n

Two newly created wallets also bought 10,000 ETH and 4,005 ETH, respectively, totaling more than $47 million combined. In total, whales accumulated 323,523 ETH at an average price of $3,469, showing how most of them are capitalizing on the price break below $3,400.<\/p>\n

Price Weakness Might Be Setting Stage For Breakout<\/h2>\n

Although Ethereum\u2019s drop might have unsettled some traders,<\/a> the whale accumulation might be pointing to optimistic days ahead. The large-scale accumulation below $3,400 has contributed to the successful defense of $3,200.<\/a> This follows the trend of accumulation leading to maintenance of support levels.\u00a0<\/p>\n

If ETH maintains stability above $3,200 support and on-chain activity continues to climb, then the price could rebound above $4,000 before the end of the month. The first step, however, in this is for Ethereum to reclaim $3,800 and register a strong weekly close above the level.<\/p>\n

Interestingly, Ethereum\u2019s network performance has maintained its level of robustness despite the market\u2019s correction. The blockchain ecosystem recently achieved a new record throughput of 24,192 transactions per second (TPS), setting a new benchmark for activity across the network.<\/p>\n

\"Ethereum\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Ethereum\u2019s price has fallen below $3,400 for the first time since August, but large investors appear to have turned this correction into a buying opportunity. Data shows that whales have been accumulating vast amounts of ETH within a short window.\u00a0 The accumulation coincides with Ethereum recording a new network throughput milestone, which adds further strength […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-57168","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/57168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57168"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/57168\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}