Crypto Whale Buys $1.12 Billion of Ethereum as Price Drops – Is ETH Ready for $10,000?

Updated

November 6, 2025

Gambar Crypto Whale Buys $1.12 Billion of Ethereum as Price Drops – Is ETH Ready for $10,000?

Jakarta, Pintu News – Ethereum price is back in the spotlight after analysts projected a potential major rebound towards the $10,000 level. CrediBull Crypto emphasizes that the current decline is part of a healthy correction before a third, stronger rally wave.

Meanwhile, the latest on-chain data shows that whales have accumulated Ethereum worth more than $1.12 billion. This move reinforces long-term confidence in the asset. Despite downward pressure in the short term, market sentiment remains cautiously optimistic as accumulation increases in key demand zones.

Ethereum Price Movement Shows Short-Term Weakness Before Big Spike

Recent analysis from CrediBull Crypto suggests that Ethereum’s current price correction could be a crucial stage before a major rally that pushes the coin’s price towards the $10,000 level.

We didn't get the move to our highs on $ETH, which is unfortunate because that would have made a great short opp under the right conditions.

That being said, us breaking down first is "good" in that it implies the next time we go for the highs it will probably be on the way to… https://t.co/rESuUXRxJ5 pic.twitter.com/L5Bg7pv0EP
— CrediBULL Crypto (@CredibleCrypto) November 4, 2025

The analyst explained that Ethereum is currently in the subwave 2 phase, which is a common mid-cycle retracement phase to reset the market structure before entering the explosive 3rd wave.

In addition, he highlights that if prices return to the $2,800 zone, this would be the most strategic accumulation level since $1,500 – creating ideal conditions for long-term investors to re-enter the market. This pattern, he added, mirrors past bullish setups, where sharp declines have often preceded major historic rallies.

As such, Ethereum’s future price projections remain bullish, as the current correction appears to be the final phase of selling pressure before Ethereum embarks on its next impulsive wave towards five-digit valuations.

In-Depth Review of Analyst Projections and Chart Structure

As of November 5, Ethereum was valued at $3,309, slowly stabilizing after breaking the $3,359 support level. The chart shows a bearish structure signaling sellers’ dominance in the short term, but also hinting that this correction phase is starting to reach maturity.

The DMI (Directional Movement Index) indicator shows that bearish pressure is still quite high, although its intensity is starting to ease. This indicates a possible reversal around the $2,800 launch zone.

This level also coincides with the historical demand area, where buyers consistently regained control of the market and became a turning point in the previous rally.

If Ethereum manages to bounce back from this launch zone, the next move could potentially push the price past $3,906, $4,290, and $4,959, reinforcing expectations of another impulsive rally.

Such a recovery would reinforce analysts’ belief that the ongoing correction is the foundation for Ethereum’s next wave towards the $10,000 target.

Whale Accumulation Strengthens Confidence in Ethereum’s Long-Term Prospects

Whale activity increased significantly in the past week, coinciding with Ethereum’s price drop towards key technical support levels. A report from Lookonchain revealed that whales bought more than 323,000 ETH – worth around $1.12 billion – in the span of two days, indicating re-accumulation at perceived cheap price levels.

Despite the recent $ETH drop, many whales have been buying the dip — accumulating 323,523 $ETH($1.12B) over the past 2 days. pic.twitter.com/KOA1Z4VAab
— Lookonchain (@lookonchain) November 5, 2025

This large influx of funds signals that large holders see the current price range as an entry opportunity before the next impulsive wave predicted by analysts.

Meanwhile, institutional involvement also strengthened confidence in Ethereum. Coin Bureau reported that Tom Lee’s BitMine Immersion added $300 million to its Ethereum holdings, increasing its total exposure to $13.7 billion.

Moreover, the accumulation of $78.3 million ETH by SharpLink through FalconX further emphasizes that smart investors (“smart money”) continue to capitalize on price declines to buy. This massive accumulation-especially when the market is correcting-aligns with institutional strategies that capitalize on discounted valuations before a projected price recovery.

Overall, the inflows from whales and institutions strengthened the on-chain fundamentals and confirmed the growing optimism towards Ethereum’s long-term prospects.

Conclusion

Ethereum’s short-term price correction seems to be in line with both technical and institutional accumulation signals. Analysts expect the $2,800 zone as a potential bottom before the next impulsive surge.

With whales and companies like BitMine starting to enter aggressively, ETH’s price outlook shows a strong foundation for a rally towards the $10,000 level.

The convergence between chart dynamics and whale behavior further reinforces the belief that Ethereum’s next big move could be a significant turning point for its intermediate trajectory.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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