$400M whale wave hits Ethereum – Can ETH defend the $3K line?
This united front could take a hit if ETH falls below the support zone.
Ethereum [ETH] is at a tense price floor.
Whales are going into leveraged ETH longs while spot buyers defend the $3,000-$3,100 zone. This is a price floor that could determine Ethereum’s next major move.
Can heavyweight buyers steady the market, or is a pullback on the way?
Whales are placing big, confident bets
Ethereum’s biggest and most profitable traders are leaning heavily long, and they’re doing it together!
Lookonchain data from X (formerly Twitter) reports BitcoinOG (1011short), who has over $105 million in total profits, holding 54,277 ETH in longs worth roughly $169 million.
The well‑known Anti‑CZ whale has expanded its position, going long on 62,156 ETH worth about $194 million.
Meanwhile, pension‑usdt.eth has joined in with a smaller yet notable long of 20,000 ETH, valued at $62.5 million, and a $16.3 million PnL.
All three whales are taking the same side of the trade, so this is a big vote of confidence in ETH’s near-term direction.
Spot buyers are stepping in, too!
Recent order book data shows strong bids between $3,000 and $3,100, creating a clear support wall for ETH.
Analyst TedPillows said on X that bulls are “ready to defend this level” for a simple reason: a daily close below $3,000 could drag Ethereum down another 8-10% in just a few days!
This zone and how ETH reacts here will likely influence the short-term trend.
Tense, but balanced
ETH appears to be stabilizing around its current support zone.
At the time of writing, the RSI sat at neutral levels, while the MACD lines were flattening, suggesting that selling pressure may be easing after several weeks of downside.
The CMF has turned positive, signaling modest inflows back into the market. Price is holding near the middle band of the Bollinger Bands, suggesting short‑term stability.
While the market isn’t fully bullish yet, it is beginning to find its footing as it works to stay above $3K.
Final Thoughts
- ETH’s fate depends on the $3,000 support zone as whales and spot buyers hold the line.
- A break below this level could trigger downside.
