{"id":839157,"date":"2025-04-05T08:11:39","date_gmt":"2025-04-05T13:11:39","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/05\/time-to-buy-ethereum-whales-buy-15563-eth-amid-price-crash\/"},"modified":"2025-04-05T08:11:39","modified_gmt":"2025-04-05T13:11:39","slug":"time-to-buy-ethereum-whales-buy-15563-eth-amid-price-crash","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/05\/time-to-buy-ethereum-whales-buy-15563-eth-amid-price-crash\/","title":{"rendered":"Time to Buy Ethereum? Whales Buy 15,563 ETH Amid Price Crash"},"content":{"rendered":"
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Despite the bearish market sentiment, crypto whales are showing strong interest in Ethereum (ETH). Data from the blockchain-based transaction tracker Lookonchain reveals that ETH whales are on a buying spree.<\/p>\n

In a recent post on X (formerly Twitter), it was revealed that a crypto whale who previously bought 3,195 ETH for $5.97 million has now purchased another 4,100 ETH for $7.32 million on April 4, 2025.<\/p>\n

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It appears that this whale is averaging its ETH purchases. The post also revealed that since March 26, 2025, the whale has accumulated 33,441 ETH worth $65.5 million at an average price of $1,959.<\/p>\n

In addition to this whale, another crypto whale recently created a new wallet and spent $20.78 million to purchase 11,463 ETH at an average price of $1,813 in the past six hours, as reported by Lookonchain on X.<\/p>\n

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These massive ETH purchases by crypto giants raise a question and suggest that this might be an ideal time to buy ETH at a lower level.<\/p>\n

Current Price Momentum\u00a0<\/strong><\/h3>\n

At press time, ETH is trading near $1,790 and has recorded a modest price surge of over 0.90% in the past 24 hours. However, during the same period, the asset\u2019s trading volume dropped by 30%, indicating lower participation from traders and investors compared to the previous day.<\/p>\n

Ethereum (ETH) Technical Analysis and Upcoming Levels<\/strong><\/h2>\n

According to expert technical analysis, ETH appears bearish after recently breaking below a crucial support level of $1,810. Based on recent price action, if ETH remains below the $1,810 level, there is a strong possibility it could decline by 15% to reach $1,500 in the coming days.<\/p>\n

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Source: Trading View<\/figcaption><\/figure>\n

Currently, the altcoin is trading below the 200-day Exponential Moving Average (EMA) on the daily timeframe, indicating a strong bearish trend.<\/p>\n

Major Liquidation Levels\u00a0<\/strong><\/h3>\n

In addition to the bearish price action, traders are currently over-leveraged at the $1,751 support level and the $1,822 resistance level, as reported by the on-chain analytics firm Coinglass<\/a>.<\/p>\n

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Source: Coinglass<\/figcaption><\/figure>\n

Data further reveals that traders have built $480 million worth of long positions and $195 million worth of short positions at these over-leveraged levels, clearly reflecting the current market sentiment.<\/p>\n<\/div>\n

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\n Chandan Gupta<\/p>\n","protected":false},"excerpt":{"rendered":"

Despite the bearish market sentiment, crypto whales are showing strong interest in Ethereum (ETH). Data from the blockchain-based transaction tracker Lookonchain reveals that ETH whales are on a buying spree. In a recent post on X (formerly Twitter), it was revealed that a crypto whale who previously bought 3,195 ETH for $5.97 million has now<\/p>\n","protected":false},"author":1,"featured_media":839158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25740,22583],"tags":[],"class_list":["post-839157","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","category-whales"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/839157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=839157"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/839157\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/839158"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=839157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=839157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=839157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}