Ethereum Price Prediction: Depth Oversold Whale Accumulates $241 Million ETH, Which alts to Follow for the Upcoming Rebound?

ETH-4,51%

Ethereum (ETH) prices have recently continued to decline, coupled with the inventory of ETH on exchanges dropping to a 55-month low. Analysts point out that this constitutes a signal of supply tightening, indicating that the market may have bottomed out and is preparing for a rebound. (Background: Standard Chartered Bank rarely issues a buy signal: Is the Bitcoin sell-off coming to an end? Are potential tokens for a year-end rebound looking high?) (Background information: Ethereum pumped 7% to above $3,600, with funds flowing back to boost the next wave of 100x coins.) (This article is a sponsored piece provided by Bitcoin Hyper and does not represent the position of BlockTempo. The article involves meme coins related tokens, which may have extremely high volatility and is not investment advice. Please see the end of the article for the disclaimer.) Ethereum has continued to dip under general market pressure, with prices falling to the lower end of a five-month range, causing overall sentiment to weaken. The latest price is close to $2,730, while on-chain data shows that wealthy whales are massively absorbing the selling chips, viewing this pullback as a rare value area. CryptoQuant statistics indicate that the average order size for Ethereum spot trading has continued to rise in November, reflecting that dominant funds are positioning themselves amid market panic. The address known as the “66,000 borrowing whale” has once again increased its holdings by $162.7 million from Binance, bringing its total holdings to 432,718 ETH, with a market capitalization of about $1.23 billion. At the same time, three whale addresses collectively absorbed 9,974 ETH, valued at about $30 million, while Tom Lee's Bitmine purchased 17,242 ETH, approximately $49 million. Overall calculations show that during the most severe downturn, whales accumulated a total of $241.8 million in Ethereum. Such behavior often reflects that high capital threshold groups view the pullback as an opportunity rather than a structural weakness. Supply on exchanges has shrunk to 15.6 million coins. The rise of whale buying coinciding with the decline in exchange inventory has led to significant changes in market structure. CryptoQuant points out that the ETH inventory on exchanges has dropped to 15.6 million coins, the lowest level in 55 months, and the scale of sellable chips available to sellers continues to shrink. Inventory shrinkage often corresponds to tightening supply, and when tightening supply occurs simultaneously with large capital accumulation, it often indicates that the market has entered an early positioning phase. This structure also helps to alleviate downward pressure, making it easier for prices to stabilize at lower levels. Several factors collectively form a tightening supply-demand pattern, including the exchange inventory dropping to a four-year low, whales concentrating on absorbing low-priced chips, and ongoing institutional accumulation despite a weak market. These elements indicate a significant capital reallocation signal in the market in November, gradually forming a structural support that may extend into the first quarter. Ethereum technical analysis shows initial reversal conditions. In terms of technical patterns, Ethereum has broken below the long-term trend line extended since March and is currently oscillating within a broad falling wedge, a pattern often seen at the end of sell-offs. K-line lower wicks extend, partially offsetting selling pressure, making $2,630 an important short-term support. The RSI remains at 27, one of the strongest oversold signals in 2025, indicating that the market is facing momentum saturation and that prices have conditions for stabilization. If $2,630 holds effectively, there is a chance for the market to rebound to between $2,900 and $3,060, followed by another test of the upper trend line of the falling wedge around $3,214. If it closes above the 20-day moving average, it will be an important confirmation of a medium to short-term trend reversal, allowing prices to extend towards higher regions. If it stabilizes above $2,780 at the close, the subsequent phase can be viewed as moving towards key rhythms of $3,060, $3,214, and $3,653. If the macro market stabilizes, Ethereum has the potential to rebound to $4,242 around 2026, reflecting that the medium-term structure has not changed. Bitcoin Hyper becomes a new focus of market capital. As Ethereum is at the tail end of adjustments, the official statement reveals that Bitcoin Hyper ($HYPER) quickly attracts market attention with its unique high-speed Bitcoin computing model. Bitcoin Hyper is built on the Solana virtual machine architecture, enabling Bitcoin to execute smart contracts, DApps, and meme economies in a high-efficiency environment, providing programmability that traditional Bitcoin ecosystems cannot achieve. This framework allows BTC to no longer be limited to value storage but to enter complete application scenarios. Bitcoin Hyper passed an audit by Coinsult, emphasizing security and scalability. The official states that the current presale has surpassed $28 million, with a token price of $0.013315, and has not yet entered the next stage of price adjustment. As on-chain activities of Bitcoin increase, Hyper, as a bridge between Bitcoin and high-performance Layer 2 architectures, is gradually becoming an important narrative in the market. The performance advantage of Hyper combined with the security foundation of Bitcoin gives it high expansion potential. Official website to purchase Bitcoin Hyper. Conclusion: Under the combined effects of deep overselling, whale accumulation, and shrinking exchange inventories, Ethereum is gradually forming early reversal conditions. $2,630 is the most important short-term support zone, and both technical patterns and on-chain trends reflect that prices have room for rebound. The official claims that at the same time, Bitcoin Hyper is rapidly absorbing market capital, becoming the core direction of Bitcoin application upgrades. The accumulation pattern of Ethereum parallels the expansion narrative of Hyper, allowing the crypto market to re-nurture the upward momentum for a new phase after the pullback. Disclaimer: Cryptocurrency investment is highly risky, and prices are highly volatile, which may lead to capital losses. This article is for reference only and does not constitute investment advice. Please do your own research (DYOR) and make careful decisions. Sponsored disclaimer: The content of this article is sponsored material provided by the contributor, and the contributor has no relationship with BlockTempo. This article does not represent BlockTempo's position. It is not intended to provide any investment, asset advice, or legal opinions, nor should it be regarded as an offer to buy, sell, or hold assets. Any services, plans, or tools mentioned in the sponsored content are for reference only, and the final actual content or rules are subject to the announcement or explanation by the contributor. BlockTempo is not responsible for any potential risks or losses, and readers are reminded to conduct due diligence before making any decisions or actions. Related reports: Bitcoin breaks through $86,000; Ethereum stands back at $2,800, analysts: This week's explosive trading volume may have stopped the short-term decline. Li Lin, Xiao Feng and others cancel the $1 billion Ethereum DAT plan; what key signals does this reveal? Is Ethereum building a bottom at $2,800? CryptoQuant analysts: Whales are buying, long positions are decreasing, and the short squeeze scenario is about to unfold <Ethereum price prediction: Deeply oversold whales accumulate $241.8 million ETH, about to rebound, which alts to watch?> This article was first published in BlockTempo, the most influential blockchain news media.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin and Ethereum ETFs Record Daily Outflows While Maintaining Weekly Gains

Gate News bot message, according to the March 6 update, Bitcoin ETFs recorded a daily net outflow of 1,697 BTC (valued at $116.94 million), while maintaining a 7-day net inflow of 13,014 BTC (valued at $896.69 million). Ethereum ETFs showed a daily net outflow of 3,185 ETH (valued at $6.34 million),

GateNews3h ago

"Brother Maqi" deposits $210,000 into HyperLiquid to increase ETH long position by more than 25 times

Gate News Report, March 6, according to Onchain Lens monitoring, "Big Brother MaJie" deposited $210,000 USDC into HyperLiquid to increase his ETH 25x long position. Previously, as the market declined, "Big Brother MaJie" had closed most of his positions at a loss, and his unrealized loss has now exceeded $29.7 million.

GateNews3h ago

ETH drops below 2000 USDT, 24H decline of 5.68%

Gate News Report, March 6th, according to data from a certain CEX market, ETH dropped below 2000 USDT, currently at 1999.87 USDT, down 5.68% in the past 24 hours.

GateNews4h ago

Short-selling firm Culper releases bearish report on Ethereum: Fusaka upgrade disrupts ETH token economics

Aggressive short-selling firm Culper Research has released a report bearish on Ethereum (ETH), believing that the Fusaka upgrade in 2025 will cause structural damage to ETH's token economy. The report points out that a significant decrease in Gas fees has led to increased address pollution attacks and reduced validator rewards, and emphasizes that Ethereum is facing competitive pressure from Solana and L2 solutions. Culper believes that ETH's value capture ability is declining and has started shorting ETH.

ChainNewsAbmedia4h ago

ETH drops below 2000 USDT

Gate News bot message, Gate market display, ETH drops below 2000 USDT, current price 1998.74 USDT.

CryptoRadar4h ago
Comment
0/400
No comments