Ethereum Whales Gobble Up $350M in ETH Ahead of December’s Fusaka Upgrade – Is a Bull Run Coming?
- Why Are Ethereum Whales Betting Big Before Fusaka?
- The $3,000-$3,400 Support Zone: Make or Break for ETH?
- Fusaka Upgrade: Ethereum’s “Era of Performance” Begins December 3
- Institutional Interest Returns With a Vengeance
- Frequently Asked Questions
In a bold move signaling strong institutional confidence, ethereum whales have aggressively purchased over $350 million worth of ETH during recent market dips. This buying spree comes just weeks before Ethereum’s highly anticipated Fusaka upgrade on December 3, 2025 – an event that could potentially kickstart the next major bullish phase for the world’s second-largest cryptocurrency. On-chain data reveals fascinating patterns of accumulation, with one new wallet scooping up 20,000 ETH ($70M) from Kraken while another grabbed $206 million in ETH through Aave. As prices flirt with the $3,000-$3,400 support zone that analysts are watching closely, the smart money appears to be positioning for what could be Ethereum’s “Era of Performance.”
Why Are Ethereum Whales Betting Big Before Fusaka?
The crypto market’s recent turbulence hasn’t scared off deep-pocketed investors. According to Arkham Intelligence, a fresh Ethereum wallet made two massive purchases totaling 20,000 ETH (worth ~$70M at current prices) from Kraken’s hot wallet. Not to be outdone, Etherscan spotted another whale accumulating 24,007 ETH ($82M+) through Galaxy Digital’s OTC desk. What’s particularly interesting is the timing – these purchases occurred as ETH tested the $3,200 level, suggesting large players see this as a prime accumulation zone.
“In previous cycles, we’ve seen similar transitions where institutional accumulation meets retail capitulation right before trend reversals,” notes the BTCC research team. Historical patterns suggest this could foreshadow a compression phase before ETH makes its next leg up toward the $4,500-$4,800 range.
The $3,000-$3,400 Support Zone: Make or Break for ETH?
CryptoQuant analyst ShayanMarkets identifies the $3,000-$3,400 range as critical support. “The whale activity spike NEAR $3,200 mirrors patterns we typically see before local bottoms and early accumulation phases,” they observed. This institutional re-entry at discounted prices contrasts sharply with retail investors’ current caution – a dynamic that’s often preceded major rallies in Ethereum’s history.
At press time, ETH trades at $3,552.62 (per CoinMarketCap), showing a healthy 6.51% weekly gain despite a minor 0.14% 24-hour dip. The BTCC exchange has reported unusually high ETH futures volumes, with open interest climbing 22% since November began.
Fusaka Upgrade: Ethereum’s “Era of Performance” Begins December 3
Market analyst Ash crypto told his 2 million X followers that Fusaka could be Ethereum’s next major catalyst. The upgrade promises:
- Higher transactions per second
- Lower gas fees (block gas limit jumps from 30M to 150M)
- Doubled blob capacity for L2 scaling
- Enhanced network security and stability
The three-phase rollout will implement over a dozen EIPs, potentially solving Ethereum’s scalability growing pains. “Nobody’s talking about this, but December 3 could mark Ethereum’s transition from a promising network to a high-performance blockchain,” Ash tweeted.
Institutional Interest Returns With a Vengeance
Recent data shows institutional ETH holdings surged 57% last month, with whales adding 7.6 million tokens since Q2 began. This renewed appetite comes as:
| Metric | Value | Source |
|---|---|---|
| 7-day ETH price change | +6.51% | CoinMarketCap |
| Whale purchases (recent) | $350M+ | Arkham Intelligence |
| Fusaka upgrade date | Dec 3, 2025 | Ethereum Foundation |
“We’re seeing classic ‘buy the rumor’ behavior,” comments the BTCC team. “Smart money knows network upgrades historically precede valuation resets.”
Frequently Asked Questions
What’s driving Ethereum whale activity?
The combination of discounted prices near key support levels and anticipation for December’s Fusaka upgrade appears to be motivating large ETH accumulations.
How significant is the $3,000-$3,400 support zone?
Analysts consider this range crucial – holding here could confirm an accumulation phase, while breaking below might signal deeper corrections.
What makes the Fusaka upgrade special?
Fusaka represents Ethereum’s most comprehensive scalability solution yet, potentially doubling network capacity while reducing fees through multiple EIP implementations.
