Ethereum Whale Buying Spree — Analysts Predict a Quick Return to $4,500

Ethereum whales are back in the market, quietly buying up massive amounts of ETH following the recent ￰0￱ renewed activity has sparked optimism among analysts who believe the token might soon rise back to $4,500. Blockchain data shows that institutional investors are purchasing the dip, indicating long-term faith despite short-term price ￰1￱ Immersion Technologies has been at the forefront of this accumulation wave with hundreds of thousands of new ETH added to its balance ￰2￱ noted that the move reflects increasing belief that Ethereum is undervalued. Meanwhile, another Ethereum-based project, MAGACOIN FINANCE , is attracting attention with its verified security and growing whale activity to show similar accumulation behavior in the broader ￰3￱ Whales Resume Heavy Accumulation Ethereum’s recent pullback created an ideal entry area for the large ￰4￱ the weekend, BitMine Immersion Technologies bought 202,000 ETH, worth $827 million, at an average price of around $4,154.

The move brought the firm’s total holdings to 3.03 million ETH, roughly 2.5% of the total supply of ￰5￱ to the company chairman, Tom Lee, the acquisition represented the “halfway point” toward BitMine’s goal of owning 5% of total ￰6￱ take this as a strong signal that large institutions view current levels as undervalued. On-chain data supports this ￰7￱ trackers recorded wallet balances for addresses holding over 10,000 ETH, climbing by over 4% month-over-month, showing a wide accumulation ￰8￱ holders have added about 150,000 ETH combined since mid-October, which is equivalent to about $603 million at current ￰9￱ flows also support growing buying ￰10￱ Exchange Net Position Change metric fell from -1.55 million ETH on October 10 to -1.94 million ETH five days later, implying that more coins were leaving exchanges than were entering.

Historically, such sustained outflows are a sign of growing confidence as investors shift to cold storage for long-term holding.