Whale Accumulation of $241 Million: Is a Price Reversal Imminent?

Ethereum has faced significant pressure over the past few weeks, moving toward the lower end of its five-month trading range as overall crypto sentiment declines. However, this downturn has created an opportunity that large investors typically do not overlook. With ETH priced around $2,730, on-chain analytics indicate that whales are accumulating aggressively, suggesting that affluent buyers perceive the correction as an opportunity rather than a risk.

Data from CryptoQuant reveals that the average spot order size for Ethereum has increased throughout November, even as the price has sharply declined. A notable address, referred to as the “66,000 Borrowed Whale,” has acquired an additional $162.7 million worth of ETH from Binance, raising its total holdings to 432,718 ETH, valued at approximately $1.23 billion.

Bitmine has also purchased 17,242 $ETH, valued at $49.07M, from #FalconX and #BitGo.https://t.co/1vbYSuHbaphttps://t.co/s9hkSLhsCe pic.twitter.com/4nQbPLWrCO

— Onchain Lens (@OnchainLens) November 20, 2025

Three additional whale wallets collectively acquired 9,974 ETH (around $30 million), while Tom Lee’s Bitmine added 17,242 ETH, valued at $49 million. In total, whales have absorbed $241.8 million in Ether, with most of this occurring during the steepest phase of the selloff.

Exchange Supply Declines to a 55-Month Low

This accumulation aligns with a significant reduction in the amount of ETH available on exchanges. According to CryptoQuant, exchange reserves have fallen to 15.6 million ETH, marking the lowest level in over four years. A decrease in coins on exchanges typically leads to thinner sell-side liquidity and a diminished capacity for the market to handle further downward pressure.

Source: Cryptoquant

When supply tightens concurrently with aggressive buying from large entities, it often indicates an early accumulation phase rather than a continuation of the downtrend.

Key indicators supporting the tightening supply narrative include:

• Exchange reserves currently at a 55-month low
• Whale inflows concentrated at multi-month price lows
• Institutional accumulation increasing despite market weakness

Ethereum (ETH/USD) Technical Outlook: ETH Tests Final Support Zone

The price prediction for Ethereum has fallen below its long-standing trendline from March and is now trading within a broad descending wedge, a formation that frequently occurs during late-stage selloffs. Candles are displaying long lower wicks, indicating that sellers are struggling to push the price decisively below the $2,630 support level.

The RSI at 27 represents one of the most oversold readings of 2025, suggesting exhaustion.

Ethereum Price Chart – Source: Tradingview

If buyers manage to defend the $2,630 level, a rebound toward $2,900–$3,060 becomes probable, followed by a retest of the wedge’s upper boundary near $3,214. A daily close above the 20-day EMA would confirm a shift in momentum.

Ethereum Trade Setup and Reversal Potential

A straightforward approach for new traders is to wait for a bullish reversal candle, such as a hammer, engulfing pattern, or long-wick doji, within the $2,630 demand zone. A confirmation close above $2,780 would strengthen the case for targets at $3,060, $3,214, and $3,653.

If sentiment stabilizes and Ethereum reclaims mid-trend resistance, the broader structure still supports a medium-term trajectory back toward $4,242 into 2026.

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As Bitcoin activity rises and the demand for efficient BTC-based applications grows, Bitcoin Hyper distinguishes itself as the bridge connecting two of crypto’s largest ecosystems. If Bitcoin laid the groundwork, Bitcoin Hyper could enhance it with speed, flexibility, and enjoyment.

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