11 Portfolios receive 295,861 Ethereum ($ 1.19 billion) from the main institutions: over -the -counter accumulation or shuffle?

Ethereum has trouble defending the level of $ 4,000 after losing more than 11% of its value since Monday. The sharp decline highlights the speed with which the feeling has changed, the Bulls losing control of the momentum and the sellers working to capitalize. This withdrawal occurs after weeks of ascending pressure that had pushed the ETH to multi-house peaks, but the last sale suggests that the market has entered a corrective phase.

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Despite this, not all analysts are pessimistic. Some consider movement as a healthy consolidation rather than the beginning of a deeper slowdown, arguing that Ethereum simply digests its previous gains before trying another push higher. The key question is whether the ETH can hold above the $ 4,000 mark, a level that now represents a psychological and technical battlefield for merchants.

Adding the plot to the situation, Lookonchain reports that the main institutions and liquidity suppliers, including Kraken, Galaxy Digital OTC, Bitgo and Falconx, sent massive quantities of ETH in a limited portfolio set. This unusual flow model has triggered speculation, some suggesting that these addresses can be linked to accumulation strategies or on demand related to FNB.

Ethereum accumulation by great players

According to Lookonchain, 11 portfolios have collectively received 295,861 ETH – estimated around $ 1.19 billion – large institutions and service providers, including Kraken, Galaxy Digital OTC, Bitgo and Falconx. This large-scale transfer comes at a time when Ethereum is under intense pressure, negotiating just above the $ 4,000 mark after a strong correction earlier in the week.

While the wider market is struggling with volatility and discoloration, these flows suggest that the big players are positioning themselves for the coming months. The scale and concentration of these transfers indicate a strategic accumulation rather than a short -term speculation. These portfolios are often linked to entities that manage the liquidity of institutional products, or in some cases, to the accumulation addresses associated with long -term holders.

This behavior adds another layer to the current narrative of Ethereum. Despite low prices, deep pocket buyers seem willing to absorb the offer, signaling confidence in the long -term Ethereum prospects. Analysts argue that this type of activity often precedes a period of stabilization, followed by potential recovery once the sales pressure is aspired.

For the moment, the projector is whether Ethereum can defend the support of $ 4,000. If the bulls manage to hold the line, this accumulation trend could provide the bases of the next leg once the feeling of the market improve.

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Test the level of critical demand

Ethereum’s price action has entered a fragile stadium while the graph shows that ETH is struggling to maintain the level of $ 4,000 after a sharp drop. The 4 -hour candles highlight significant ventilation compared to the $ 4,200 area, the price currently oscillating more than $ 4,030. This decrease reflects the high sales pressure weighing on the market, in accordance with the recent 11% drop in ETH since Monday.

The mobile averages clearly illustrate the lower change. ETH is negotiated below EMA 50 and EMA 200, signaling a loss of short -term momentum and a prolonged drop potential if the bulls do not recover these levels quickly. The steep rejection of $ 4,600 earlier in September now seems to be a local summit, with successive lower ups confirming the weakening of the momentum.

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Update, $ 4,000 serves as psychological support, but a decisive break below this level could expose the ETH to deeper retractions at $ 3,800. On the other hand, a rebound above the EMA would be a critical optimistic signal, suggesting a renewed demand.

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