Ethereum Whales Buy the Dip After Price Drop, Accumulating 323,523 ETH ($1.12B) in 2 Days

ETH

ETH/USDT

$2,127.12

+4.51%

$2,127.12

+4.51%

(24s)

24h Volume

$39,049,302,904.94

24h H/L

$2,145.26 / $2,009.54

Change: $135.72 (6.75%)

Long/Short

69.8%

Long: 69.8%Short: 30.2%

Funding Rate

-0.0018%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,121.96

▲ 1.67%

Volume (24h): -

Resistance Levels

Resistance 3$2,577.98

Resistance 2$2,403.28

Resistance 1$2,234.29

Price$2,121.96

Support 1$1,994.75

Support 2$1,826.83

Support 3$1,157.44

Pivot (PP):$2,110.44

Trend:Downtrend

RSI (14):32.9

COINOTAG News, November 5, citing LookIntoChain on-chain data, reports a shift in sentiment as large holders stepped in after a dip in ETH prices. The activity suggests renewed demand and improved liquidity conditions for the Ethereum market, with whales reallocating capital following the pullback.

Over the past 48 hours, whales accumulated 323,523 ETH, worth about $1.12 billion at current prices. This on-chain signal points to credible demand from sizable wallets, potentially forming a short-term price floor and illustrating the value of robust on-chain data for gauging cryptocurrency market dynamics.

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