Several whales (major investors) increased their Ethereum holdings over the past three days by purchasing a total of 394,682 ETH for a total value of $1.37 billion. According to blockchain data, these collections indicate strong upward momentum in the potential of Ethereum-ETH despite the current market volatility.
The whales continue to accumulate $ETH — over the past 3 days, many whales have collectively purchased 394,682 $ETH($1.37 billion). pic.twitter.com/3qMSojTSTu
– Lookonchain (@lookonchain) November 6, 2025
A detailed analysis showed that the largest purchase came from a wallet address that had previously borrowed 66,000 Ethereum from decentralized lending platform Aave, before repurchasing 257,543 tokens at an average price of around $3,480 per coin, for a total of $896 million.
Bitmine, 7 Siblings, a number of other OTC traders, and other new wallets also increased their token holdings during the recent market correction.
Analysts are optimistic about Ethereum’s long-term trajectory
Analysts are closely monitoring recent whale accumulations, as these moves are usually preceded by significant reversals in market trends. Many of them expect that Ethereum is poised for a strong rebound towards all-time highs of up to $10,000.
Ethereum is currently trading at $3,421, registering a 3.72% increase in the last 24 hours. Technically, momentum indicators are trending upward following the recent liquidation of bearish positions, supported by growing signs of institutional interest. According to Indian digital currency trading platform CoinDCX, Ethereum is targeting $4,800 in the near future, with the possibility of hitting $5,000 later.
“Thanks to improvements in blockchain scalability and growing institutional adoption, Ethereum price prediction models suggest that a 25-30% rise could occur by the end of 2025,” CoinDCX analysts wrote in a blog post.
For her part, Lacie Zhang, research analyst at Bitget Wallet, explained to Cryptonews that digital currency markets are going through what can be described as a “period of cautious calm.” She added, “If macroeconomic data is positive, Ethereum price could approach $4,200,” but several factors can determine the short-term trend.
Institutional Catalysts Drive Ethereum’s Rise
As anticipation grows for the Fusaka update scheduled for December, institutional interest in Ethereum has skyrocketed. According to blockchain data, Bitmine added around 40,719 ETH coins worth around $140 million to its wallets.
Analyst Ted Pillows noted that Bitmine’s continued purchases of Ethereum, estimated at $200 million to $300 million per week, could accelerate the supply reduction. “With the participation of a few more whales like BitMine, the overall market mood could change overnight,” he said.
In the same context, Zhang concluded his speech by emphasizing that the current period of relative stability is very “constructive”, explaining that it “contributes to the liquidation of leveraged positions and excessive speculation, which provide the basis for long-term growth and the return of institutional capital to the market.”
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