Ethereum Price Prediction: Can ETH Price Defend the $2700 Support Zone as Whale Activity Intensifies?
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The post Ethereum Price Prediction: Can ETH Price Defend the $2700 Support Zone as Whale Activity Intensifies? appeared first on Coinpedia Fintech News The Ethereum price has slipped more than 4.5% over the past 24 hours, pulling the price back below the $3,000 mark and hovering near $2,962. Adding to the pressure, ETH ETFs recorded notable outflows, with similar weakness seen across BTC and XRP products, signaling a risk reset rather than a clean “risk-on” push. At the same time, whale activity has picked up, a signal traders often read as smart-money positioning ahead of volatility. That sets up a key turning point: can ETH reclaim $3,200 and restore bullish momentum, or will another rejection invite a deeper correction? Dormant ETH “OG” Whale Reactivates—Is Smart Money Positioning Early? Here, the ETH price is consolidating within a very narrow range, indicating that it is in a strong accumulation phase. In times when retail appears to be skeptical about the next price action, the whales seem to have intensified their activities. The data from Lookonchain suggests that an OTC whale is sourcing size through institutional routes, with repeated 10,000 ETH clips routed via FalconX and Wintermute. The market is falling, but whales and institutions are buying $ETH. Trend Research borrowed 70M $USDT from Aave and bought 24,555 $ETH($75.5M), currently holding 651,310 $ETH($1.92B). OTC whale (0xFB7) bought 20,000 $ETH($58.8M) via #FalconX and #Wintermute.… pic.twitter.com/hGuO3OSs5P — Lookonchain (@lookonchain) January 21, 2026 These tokens are further cycled into staked ETH via Lido-linked flows, which largely resemble a strategic accumulation, not panic selling. Secondly, yet another data point shows that an Ethereum OG wallet has just moved more than 14,000 ETH to a Coinbase deposit address. Put together, the takeaway of these charts suggests the whales are active and decisive. One cohort appears to be buying,…
Filed under: News - @ January 21, 2026 3:29 pm