The post Crypto Whales Accumulate $350M in Ethereum as Price Tests Key Support Levels appeared on BitcoinEthereumNews.com.

Key Notes Arkham Intelligence identified four connected whale addresses purchasing $357.24 million ETH from institutional broker FalconX. Spot Ethereum ETF inflows reached $1.83 billion over five trading sessions alongside broader institutional crypto adoption. ETH tests critical support at $4,747 near 50-period EMA, with potential bottom formation since August 26 whale activity began. Four crypto whales have scooped up over $350 million of Ethereum’s native token, ETH, in the past two days, raising questions about what it means for its price. Whale is a moniker for large investors with the capacity to allocate huge sums, which can often directly influence the market’s direction. Precisely, an Arkham Intelligence analyst spotted four addresses with similar patterns and time schedules purchasing $357.24 million of ETH from FalconX, an “institutional crypto prime brokerage,” as described by the company itself. THESE WHALES JUST BOUGHT $350M OF $ETH 4 Whale addresses bought $357.2M of ETH in the past 2 days alone. They have all been accumulating from FalconX at similar time schedules. Are these whales buying the bottom? Addresses:0x566bd75621Db03B4d046e80F87F0A2B489c39Dd3… pic.twitter.com/374BhjPoEs — Arkham (@arkham) August 28, 2025 The identified patterns suggest these addresses could belong to the same entity, or at least to entities connected with each other. Responding to these signals, the analyst questions whether these whales are “buying the bottom,” in the sense that they probably expect—and could somehow influence—Ethereum’s price to go up from here. On a similar note, inflows into spot Ethereum ETFs have skyrocketed to a total of $1.83 billion during the last five trading sessions, as Coinspeaker reported earlier today. The institutional activity is not only around ETH but also on Bitcoin and other cryptocurrencies, all with significant purchases in what looks like a bottom. For example, Smarter Web Company purchased 45 BTC at around $111,000 each, and Bitplanet will deploy $40…

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Filed under: News - @ August 28, 2025 7:31 pm