- A major investor accumulated 42,011 ETH below $1,600 after reducing exposure near $2,040 only days earlier.
- Ethereum recovered from the $1,600 mark and buyers set up higher highs during the previous period.
- As ETH pushed closer toward the $1,630 trading zone, several multi-million dollar trades were detected.
Ethereum accumulation remains a central market theme after aggressive whale buying returns. Ethereum’s price moved little from the previous day’s level to around $1,630 in the latest trading session as big buys came in below $1,600.
Whale Rebuilds Position After Selling Near Recent Highs
A major Ethereum holder has returned to the market aggressively. The activity followed substantial selling completed roughly one week earlier. Previous transactions reportedly exceeded $141 million near the $2,040 region.
According to a widely circulated market update, buying intensified recently. The report identified approximately 42,011 ETH acquired within two days. Total deployed capital reached roughly $65.5 million during accumulation.
The purchases appeared after Ethereum declined beneath the $1,600 level. Market conditions remained volatile throughout the correction period. Even so, buying activity increased as prices weakened.
The timing attracted attention across the digital asset market. The investor reduced exposure before the recent decline accelerated. Capital later returned after Ethereum entered a lower valuation zone.
Transaction Records Show Structured Buying Activity
Blockchain records revealed several large transfers through Cow Protocol settlements. Multiple transactions exchanged USDC balances directly for Ethereum holdings. The pattern suggested deliberate positioning rather than routine portfolio adjustments.
The trading amounted to nearly 2,444 ETH valued at almost $3.89 million. The other had close to $1.89 million worth of 1,186 ETH. Additional purchases occurred through separate multi-million-dollar executions.
The buying activity was distributed across numerous transactions. Large market participants frequently use this execution strategy. The approach helps reduce market impact during accumulation phases.
Transaction data also showed notable USDC movements during the period. One transfer involved approximately 11.345 million USDC. The activity reflected substantial capital deployment within a short timeframe.
Ethereum Price Recovery Strengthens Market Structure
Eth was trading at $1,630.63 at the time of this writing 24 hours ago. The stock has jumped about 4.74% per day on the asset. Price continued to be near the upper bounds of the session after that.
Early weakness found its way into the trade as the price of the item perished around the $1,567 level. Ethereum later tried to obtain support in between $1,535 and $1,540. As downside momentum subsided, buyers came in on the run.
Ethereum was confined to a tight consolidation range for a few hours. Price ranged from between $1555 and $1560. Selling pressure gradually weakened during this phase.
Momentum accelerated after resistance near $1,575 was reclaimed. Ethereum then advanced above the psychological $1,600 threshold. Higher highs and higher lows developed throughout the session.
The strongest advance appeared later during trading activity. Ethereum rose above $1,620 and headed to the $1,640 level. Price rose in the face of minimal pressure for profit taking.
The new $1600 area is now a vital support area. A further support area is still around $1,575 – $1,580. Both levels are responsible for the recent recovery structure.
This session’s trading volume was lower than the previous one. However, Ethereum kept moving forward during the period of recovery. Reduced selling pressure accompanied the latest upward movement.
