Ethereum Whales Signal Potential Reversal Post-Black Monday Crash

Following the Black Monday crash, Ethereum (ETH) has emerged as a focal point for crypto whales, with significant accumulation observed between April 5 and April 6. The number of whale wallets holding 1,000 to 10,000 ETH rose from 5,340 to 5,388, suggesting early institutional confidence. As ETH approaches $1,400, this trend could indicate a potential market reversal in the coming days.

What Crypto Whales Are Buying After the Black Monday Crash

After the Black Monday Crash, crypto whales have been buying Ethereum (ETH). Between April 5 and April 6, the number of Ethereum whale wallets, those holding between 1,000 and 10,000 ETH, increased from 5,340 to 5,388. This behavior often signals early confidence from institutional players, hinting at potential reversals ahead. With ETH nearing $1,400, the next few days could be pivotal if whale accumulation translates into renewed bullish momentum.

ETH Price Reacts to Trump’s Tariff Decisions

Ethereum briefly plummeted to $1,415 on Monday amidst a broader market bloodbath, reacting negatively to the Trump administration’s intensified global tariff approach. The crypto asset has since recovered and is currently trading at $1,505, but its price was still down by 15% over the past 24 hours. CryptoQuant’s analysis indicates that Ethereum’s next major support level is at $1,290, where the average cost basis (realized price) of whales holding over 100,000 ETH sits.

Ethereum on Thin Ice: Will Whales Save the $1.29K Support?

Ethereum experienced another shockwave from its current market price, trading below the average purchase price of $2.2K according to CryptoQuant’s on-chain data. Most investors are facing losses due to declining prices. The next major support level for Ethereum is around $1.29K, which is the average cost basis of whale addresses holding over 100K ETH.

Ethereum’s big gamble – Whales bet on the dip, but will it pay off?

Ethereum whales are executing a “buy-the-fear” strategy as ETH breaks through support levels. The mystery group “7 Siblings” invested $42.66 million to acquire 25,100 ETH at around $1,700, and another whale borrowed 8.25 million DAI to purchase 5,227.3 ETH at around $1,578. At press time, Ethereum was trading 16.8% lower at $1,490.