The post Ether News: Ether Dips Below $3,400 as Whales Snatch $1.37B in Accumulation appeared on BitcoinEthereumNews.com.

Ether plummets down to less than $3,400 to $3,331 with whales acquiring $1.37 billion in ETH, which is an indication of strategic purchasing despite the weak market. Ether collapsed 3.3% to $3,331, with major support crashing on November 7, 2025. This was a major technical failure that triggered alarm among traders due to the break below the price zone of 3,400.  Nonetheless, on-chain data showed an unexpected opposite phenomenon: large holders or whales accumulated almost 395,000 ETH, which is worth 1.37 billion dollars, considering the moment of the dip as a good entry point instead of indicative of the further downturn.​ Volume increased by 145 percent above average during the breakdown, and the sell-off wiped out recent gains as bearish momentum arrived with a roar.  This increase in trading activity was driven by institutional-sized trading rather than by retail panic, showing heavy selling pressure at crucial price points.  Nevertheless, whales accumulated aggressively between $3,247 and $3,515, signaling long-term trust in the growth prospects of Ether.​ Stunning Whale Activity Counterbalances Sell-Off The piling up by whales upset normal bearish stories. Statistics indicated that such big investors were using the chance to accumulate Ethereum at lower prices, a move that indicated that they were betting that the prices would climb back to their former position.  The biggest whale, having a history associated with Aave, bought 257,543 ETH alone, which is about $896 million, at an average cost of about 3,480.  Other participants also entered the purchasing frenzy, such as new wallets and institutional traders, during the market correction.​ This deviation between the decrease in price and accumulation by whales creates speculation on the possibility of a near-term Ether price bottom.  The technical structure was damaged by lower highs and resistance at $3,415, but the whale buying indicates that the market is making…

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Filed under: News - @ November 8, 2025 3:32 am