In the midst of the morale of the escape market, the encryption whale found that ETHEREUM (ETH) is an ideal investment option and got millions of assets. Today, March 29, 2025, the analytics company published on the Lookonchain series on X (previously Twitter) that the encryption whale has bought 3,195 ETH at a value of $ 5.97 million.
ETHEREUM whale buys $ 58 million from ETH
The average purchase price of ETH was about $ 1868. Besides, the whale itself appears to accumulate the eth on a large scale. Data reports that since March 26, 2025, Crypto Whale has bought 29,341 ETH at a value of $ 58.18 million at an average price of $ 1983.
This massive accumulation by the encryption whale indicates an ideal purchase opportunity and a possible eTH bottom. It may also create purchase pressure and lead more upward trend.
Current price momentum
Despite the huge accumulation, the ETH price remains unchanged. At the time of the press, the ETH is trading near $ 1,821, and the price decrease of more than 2.50 % in the past 24 hours is recorded. Meanwhile, during the same period, the size of asset circulation decreased by 35 %, indicating a decrease in participation from merchants and investors compared to the previous day.
ETHEREUM (ETH) work and upcoming levels
According to expert technical analysis, the recent low prices ETH raised the level of manufacture or breaking, which will determine the movement of asset prices in the coming days.
In the daily time frame, ETH appears to form a pattern of double price prices with support at $ 1820. Based on the last price momentum, if the original exceeds 1820 dollars, there is a strong possibility of a upscale mobilization, as the price may rise by 17 % to reach the level of $ 2100 in the future.
On the other hand, if the price of the ETH continues to decline and violate this support level, which led to the closure of a daily candle less than 1800 dollars, there is a strong possibility that the original may decrease by 15 % to reach the level of $ 1550 in the future.
