Ethereum Whales Snap Nearly 400K ETH in Three Days, Total Purchases Exceed $1.37B

Multiple Ethereum whales have significantly increased their holdings by acquiring 394,682 ETH worth $1.37 billion over the past three ￰1￱ to on-chain data, the strategic accumulation suggests a strong bullish momentum in Ethereum’s long-term potential, despite current market fluctuations.). ￰0￱ ￰2￱ — Lookonchain (@lookonchain) November 6, 2025 Per the detailed analysis, the largest buyer was an address that had previously borrowed 66,000 ETH from ￰3￱ whale has now repurchased 257,543 ETH at approximately $3,480, for a total of $896 million. Besides, Bitmine, 7 Siblings, OTC traders and various new wallets have increased their ETH positions recently during the market ￰4￱ Bullish on ETH’s Long-Term Prospects Analysts are closely watching the recent massive whale accumulation, as they often precede significant market ￰5￱ believe Ethereum could soon prepare for a strong rebound to new all-time highs, targeting up to $10,000.

Ethereum is currently trading at 3,421 at press time, a 3.72% increase over the past 24 ￰6￱ the technical front, the momentum indicators show a bullish uptrend following recent short liquidations and institutional interest ￰7￱ to Indian crypto exchange CoinDCX, ETH is eyeing a promising $4,800 target and would soon hit $5K. “Backed by network scalability improvements and rising institutional adoption, Ethereum price prediction models indicate a potential 25-30% upside by late 2025,” the exchange analysts wrote in a ￰8￱ Zhang, Research Analyst at Bitget Wallet told Cryptonews that crypto markets are entering what can best be described as a “cautious calm.”’ “If macro data trends favorably, Ethereum may approach $4,200,” Zhang noted, adding that several factors could shape near-term ￰9￱ Catalysts Have Bullish Impact on ETH With anticipation built for December’s Fusaka upgrade, ETH has also attracted strong institutional ￰10￱ instance, the on-chain data noted that Bitmine has added 40,719 ETH, worth nearly $140 ￰11￱ Ted Pillows noted that Bitmine’s ongoing ETH buys, reportedly ranging between $200 million and $300 million weekly, may tighten supply faster.

“A few more whales like BitMine, and the market’s tone could change overnight,” he ￰12￱ to Zhang, the consolidation period is “constructive.” “It flushes out leverage and speculative excess, creating the foundation for long-term growth and institutional re-entry.”