Despite the morale of the descending market, encryption whales show strong interest in ETHEREUM (ETHEM). Blockchain Lookonchain transactions tracked data tracker transactions are revealed that ETH whales are on a purchase spree.
Buy whales 15,563 ETH amid price collapse
In a recent publication on X (previously Twitter), it was revealed that the formerly bought coding whale 3.195 ETH for $ 5.97 million has now bought 4,100 ETH for $ 7.32 million on April 4, 2025.
This whale appears to have an average ETH. The post also revealed that since March 26, 2025, the whale has accumulated 33,441 ETH at a value of $ 65.5 million at an average price of $ 1959.
In addition to this whale, another encryption whale recently created a new wallet and spent $ 20.78 million to buy 11,463 ETH at an average price of $ 1813 in the past six hours, according to Lookonchain on X.
These huge ETH purchases by the encryption giants raise a question and indicate that this may be the perfect time to buy ETH at a lower level.
Current price momentum
At the time of the press, ETH is trading near $ 1,790 and modest prices increase more than 0.90 % over the past 24 hours. However, during the same period, asset trading volume decreased by 30 %, indicating a decrease in participation from merchants and investors compared to the previous day.
Technical analysis of Ethereum (ETH) and upcoming levels
According to expert technical analysis, ETH appears to be a decrease after it recently reduced it to less than the decisive support level of $ 1,810. Based on modern price actions, if ETH remains less than the level of $ 1810, there is a strong possibility that can decrease by 15 % to reach $ 1500 in the coming days.
Currently, Altcoin is traded without the 200 -day SIA moving average (EMA) on the daily time frame, indicating a strong declining trend.
Main liquidation levels
In addition to the declining prices, the excessive amounts of merchants are excessive at the support level of $ 1751 and the level of resistance 1822 dollars, as stated by the Analysis Company on the series. Coinglass.
Data also reveals that merchants have built long jobs worth $ 480 million and short paths of $ 195 million at these extra levels of the predecessor, which clearly reflects the morale of the current market.
