Ethereum (ETH) Back to $3,200, Crypto Whales Start Buying!

Jakarta, Pintu News – Ethereum has recently experienced a significant recovery spike, as on-chain data shows that large investors have been actively accumulating. This phenomenon is of interest as it may provide insight into the future direction of the market.

Big Additions by Ethereum Investors

According to data from on-chain analytics firm Santiment, the amount of Ethereum held by a group of investors known as “sharks” has increased. The indicator used is “Supply Distribution,” which measures the total amount of tokens held by a specific group of wallets. The groups in focus are those with 1,000 to 10,000 ETH. At the current exchange rate, this amounts to $3.2 million to $32 million.

These large investors are often referred to as sharks. Although not as large as whales (addresses with more than 10,000 ETH), sharks are still considered influential entities. Their behavior is often important to observe as it can provide signals about market trends.

Also Read: 5 Shocking Facts About Strategy: 650,000 BTC worth ±$60 Billion!

Accumulation Behavior amidst a Falling Market

During the Ethereum price drop in November, the Supply Distribution for sharks showed a decline. However, around the time of the market bottom, this trend began to reverse. Between November 18 and December 2, sharks added a total of 450,000 ETH (worth about $1.4 billion) to their wallets.

The sharp increase in this metric coincided with the recovery in ETH prices. Despite a sharp price drop in early December, the amount of supply held by sharks has continued to increase. This may be one of the factors behind the continuation of the rapid bullish momentum seen in this asset.

Network Growth and Other Positive Signals

Besides accumulation behavior, another bullish trend is Network Growth, another on-chain indicator displayed in the chart. This metric measures the number of daily addresses that are newly active for the first time on the Ethereum network. An address is considered “online” when it participates in transaction activity on the blockchain.

The chart shows that this Ethereum metric has also increased recently, reaching a peak value of 190,000 addresses. Generally, a spike in network activity is a positive sign for the sustainability of a rally, as it shows that the network is capable of attracting new attention.

Conclusion and Future Expectations

With Ethereum now hovering around $3,185, up more than 5% in the last seven days, the market will probably continue to monitor whether the sharks will continue to buy and whether investors’ FOMO levels will remain at healthy levels. The behavior of these large investors will largely determine the direction of the Ethereum price going forward.

Also Read: ETH Treasury Demand Drop Hinders Price Recovery to $4,000? Here Are the Facts!

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

FAQ

Q1: What is Ethereum (ETH)?

A1: Ethereum (ETH) is a blockchain platform that allows developers to build and run decentralized applications and smart contracts.

Q2: Who are the so-called sharks in the context of Ethereum investment?

A2: Sharks are investors who own an amount of Ethereum (ETH) in the range of 1,000 to 10,000 ETH. They are considered to have significant influence in the market.

Q3: How much ETH was added by sharks between November 18 and December 2?

A3: Sharks added a total of 450,000 ETH, which is worth about $1.4 billion, to their wallets during the period.

Q4: What is Network Growth in the context of Ethereum?

A4: Network Growth is a metric that measures the number of new addresses that first become active on the Ethereum network each day.

Q5: What is the current price trend of Ethereum?

A5: Currently, Ethereum (ETH) is hovering around $3,185, having risen more than 5% in the last seven days.

Reference

• NewsBTC. Ethereum Back Above $3200, Sharks in Strong Accumulation. Accessed on December 5, 2025