Ethereum Whales Seize the Dip with $61M Withdrawals Driving Prices Close to $4000 Resistance

Ethereum whales withdrew 17,698 ETH valued at $61.66 million, accelerating price recovery. With prices nearing $4000 and renewed institutional activity, market sentiment remains bullish as analysts predict further gains.

Ethereum Whales Accumulate Amid Market Dip

A short recovery has ensued following yesterday's crypto market catastrophe, but whales are accumulating a lot of Ethereum (ETH) despite the fact that its price is currently falling, Coingape shares. Ten newly-created wallets allegedly withdrew 17,698 ETH, or over $61.66 million, from Binance, according to blockchain analytics company Lookonchain.

Large investors, who seem to be cashing in on the market's rebound momentum, have shown renewed interest through the activity of Ethereum whales. Meanwhile, World Liberty Financial, a Trump initiative, has kept up its Ethereum buying binge, paying 2.5 million USDC stablecoin to purchase 759 more ETH.

World Liberty Financial’s ETH Holdings Narrow Losses

With an average purchase price of $3,651 per ETH, World Liberty has acquired 9,587 ETH, worth $35 million, thus far. The entity's unrealized loss on ETH holdings has shrunk to $3.4 million, indicating a diminishing deficit as prices rebound, despite swings in the market.

On Friday, institutional investors bought the declines in spot Ethereum ETFs, so that's positive news as well.

Ethereum Hits $3,480 as Whale Activity Intensifies

In the midst of Ethereum whale piling, the price of ETH dropped to $3,098 on Friday before recovering. There has been more than $61 billion worth of trade in Ethereum today, and the price is hovering around $3,480. The data from Coinglass shows that because of the present price volatility, the 24-hour liquidations have reached $170 million.

Bullish Analysts Predict $8,000 Ethereum Target

At the moment, $3,500 is Ethereum's immediate resistance; once it's crossed, the price has the potential to rebound to $4,000. Despite the present volatility in ETH, crypto market analysts maintain their bullish stance. Crypto Patel, a market analyst, predicts that the price of ETH will jump to the $8,000 to $10,000 range. In his writing:

“I’m buying every $ETH dip, no matter how much it drops. Just holding strong and stacking up. Ethereum hasn’t hit its new all-time high yet, but it’s only a matter of time. Staying patient and ready for the rise! Still telling you my ETH Target is $8000-$10k”

Ethereum’s Long-Term Growth Mirrors Past Cycles

With the continued support of whale buying, another crypto analyst and venture founder has pointed out that Ethereum is still expected to reach new all-time highs in 2025. There are a lot of similarities between the last four-year cycle (2016–2020) and the current one (2021–2024), according to the analyst.

The research shows that Ethereum has a history of showing strong growth in the year after a Bitcoin halving, (for example, in 2017 and 2021). The previous ETH price target from venturefounder was more than $15,000 by May 2025.