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Some crypto traders might see Ethereum’s price decline as a bad sign for their investments and could be pondering if they should offload their holdings.
Meanwhile, whales view the altcoin’s price dip as an opportunity that they must seize by increasing their holdings while the price is down, leading to large investors buying a huge volume of Ethereum in the last three days.
ETH Trading Below $2,000
Analysts said that Ethereum’s price continues to fall as the broader cryptocurrency market is currently experiencing a challenging situation.
Data showed that the world’s largest altcoin struggles to gain an upward momentum and continue to stumble below $2,000.
As of writing, Ethereum is traded at $1,988 per coin, with a market cap of nearly $240 billion.
According to CoinGecko, since ETH hit $3,640 per coin on January 6, the crypto has been steadily decreasing in value with its first major dip happening on January 14, after hitting $3,007.
On February 3, the coin slid further reaching $2,460 and dropped to $2,100 on February 28. Ethereum hit below $2,000 for the first time on March 11. Since then, ETH has been having trouble keeping itself above $2,000.
Whales bought over 120,000 #Ethereum $ETH in the last 72 hours! pic.twitter.com/kuZY6u9drS
— Ali (@ali_charts) March 21, 2025
An Opportunity In The Dip?
Ethereum struggling to maintain itself at the $2,000 level might worry many crypto traders, but large-scale investors saw an opportunity in the price dip. Whales used this situation to buy more ETH and further increase their holdings.
Crypto analyst Ali Martinez commented in a post that ETH price decline attracted large investors to increase their buying activity. “Whales bought over 120,000 #Ethereum $ETH in the last 72 hours,” Martinez said.
The analyst presented a chart that showed a spike in the whale ETH accumulation coinciding with the coin’s price decline, adding that Ethereum’s retreat allowed whales to acquire more than 120,000 ETH tokens with a value of about $236 million and they only did that in three days.
“That’s a significant move by the whales! Their accumulation often indicates confidence in the market. It’s fascinating to see how these big players can influence price trajectories,’ Agent Snek commented on Martinez’s post.
Whale Buys Over 7,000 ETH
Meanwhile, data analytics platform Lookonchain tracked a whale who added nearly $14 million worth of ETH.
“A whale bought 7,074 $ETH($13.8M) today! The whale withdrew 4,511 $ETH($8.81M) from #OKX 3 hours ago and deposited it into #Aave,” Lookonchain said in a post.
The analyst added that the whale did not stop depositing in Aave, a decentralized finance platform. The large investor borrowed five million USDT from Aave and put it into OKX to purchase an additional 2,563 ETH tokens worth $5 million.
Featured image from Pexels, chart from TradingView
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
