- The great holder of Ethereum Netflows has gone from -109,160 ETH to 174,000 ETH in the last four days
- The accumulation of whales below $ 3,000 also coincided with the increase in entries to locate ETHEREUM
Ethereum (ETH) fell below $ 3,000 earlier this week, marking the first time that he fell below this psychological level since early November 2024. At the time of the press, the largest altcoin in the world was negotiated at 2,645 $, after a drop of 3% in 24 hours.
Although this drop affected the profitability of portfolios which bought ethors greater than $ 3,000, it also seemed to present an opportunity to purchase for whales and institutions.
Whales collect more than 400,000 ETH
Intotheblock data revealed that whales have been being purchased since February 4. This can be represented by overvoltage in the large Netflows holder of -109,160 ETH at 174,000 ETH in just four days.
(Source: intotheblock)
Whales or large addresses accumulate during the dips and sell at the top. Therefore, increasing entries can be a sign that ETH can have a background, opening the way to a recovery.
At the same time, the concentration of Ethereum whales has gradually increased in the past year from 37% to 43% at the time of the press. Consequently, with whales controlling an important part of the supply of Ethereum, the activity of purchase of this cohort could increase volatility.
ETH ETF entries reached 2025 heights
Large addresses are not the only cohort to buy the recent decline. The institutions also seem to accumulate after the weekly entries to identify the negotiated funds in exchange for Ethereum (ETF) reached a summit in 2025.
According to Sosovalue The data, the weekly entries to locate ETHEREUM ETF have increased to $ 420 million. These entries also marked the fifth highest level for ETF Ethereum since the products began to negotiate in July 2024.
These figures are a sign that the drop in Ethereum below $ 3,000 has also attracted the demand of institutions, which suggests that they remain optimistic about the long -term performance of Altcoin.
Key application area for Ethereum
Finally, the metric in in in out of the money around the price (IOMAP) has highlighted a key demand zone below the price of the press time in Ethereum. This request zone was between $ 2,383 and $ 2,459, where 2.21 million addresses bought ETH.
(Source: intotheblock)
Given the high profitability of the addresses that bought ETH in this area, it could act as an ideal entry point for buyers, while serving as support. If ETH falls to retest this request zone and confirms the buyer’s strength, this could trigger a price resumption.
However, despite the growing interest of whales and institutions, network activity on the maintenance of Ethereum continued to decrease. Like ambcrypto reportedEthereum gas fees fell to a hollow in 2025 recently, pointing to a reduction in the use of the network. Such a decline may not increase well for the performance of ETH’s future prices.
