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Numerous Ethereum whales have notably expanded their holdings by purchasing 394,682 ETH valued at $1.37 billion over the last three days.
As per on-chain data, this strategic accumulation indicates a robust bullish sentiment regarding Ethereum’s long-term prospects, despite the current market volatility.
Source: Lookonchain
Whales continue to accumulate $ETH — in the last 3 days, several whales have collectively acquired 394,682 $ETH ($1.37B).https://t.co/RhDYQM0yl6 pic.twitter.com/3qMSojTSTu
— Lookonchain (@lookonchain) November 6, 2025
According to the comprehensive analysis, the largest purchaser was an address that had previously borrowed 66,000 ETH from Aave. This whale has now repurchased 257,543 ETH at around $3,480, totaling $896 million.
Additionally, Bitmine, 7 Siblings, OTC traders, and various new wallets have recently bolstered their ETH holdings during the market correction.
Analysts Optimistic About ETH’s Long-Term Outlook
Analysts are monitoring the recent substantial whale accumulation closely, as it often signals significant market changes. They believe Ethereum may soon be poised for a strong rebound towards new all-time highs, potentially reaching up to $10,000.
At the time of writing, Ethereum is trading at $3,421, reflecting a 3.72% increase over the past 24 hours. On the technical side, momentum indicators reveal a bullish uptrend following recent short liquidations and signs of institutional interest.
According to Indian crypto exchange CoinDCX, ETH is targeting a promising $4,800 and is expected to reach $5K soon.
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“Supported by enhancements in network scalability and increasing institutional adoption, Ethereum price prediction models suggest a possible 25-30% upside by late 2025,” the exchange analysts stated in a blog.
Lacie Zhang, Research Analyst at Bitget Wallet, informed Cryptonews that crypto markets are entering a phase that can best be described as a “cautious calm.”
“If macro data trends positively, Ethereum may approach $4,200,” Zhang remarked, noting that several factors could influence the near-term direction.
Institutional Drivers Have Positive Effect on ETH
With expectations building for December’s Fusaka upgrade, ETH has also garnered significant institutional interest. For example, on-chain data revealed that Bitmine has acquired 40,719 ETH, valued at nearly $140 million.
Analyst Ted Pillows observed that Bitmine’s ongoing ETH purchases, reportedly between $200 million and $300 million weekly, could accelerate supply tightening.
“A few more whales like Bitmine, and the market’s sentiment could shift overnight,” he stated.
According to Zhang, the consolidation phase is “constructive.”
“It eliminates leverage and speculative excess, laying the groundwork for long-term growth and institutional re-entry.”
The post Ethereum Whales Snap Nearly 400K ETH in Three Days, Total Purchases Exceed $1.37B appeared first on Cryptonews.
