Whale Buys Million in Ethereum! Low-Level Rebound Signals Emerge, Is ETH Price Inflection Point Coming?

Gate News, March 19 — On-chain data shows that a dormant Ethereum whale has recently re-entered the market in a big way, purchasing approximately 50,706 ETH with about 111 million USDT, sparking market attention on Ethereum’s price trend. Analytics platform Lookonchain, citing Arkham data, indicates that this transaction was completed through two addresses, with an average purchase price of around $2,201.

Notably, this whale sold 28,683 ETH at an average price of about $3,892 a year ago. This move is seen as a typical “bottom-fishing” strategy, indicating confidence in the current price range. Meanwhile, other long-dormant large wallets have also shown similar buying behavior. Previously, a trader used about 49 million USDT to buy 23,393 ETH, having sold at higher prices a year earlier.

Currently, Ethereum’s price is around $2,198, down more than 55% from its peak of approximately $4,946 in August 2025. The short-term outlook remains pressured. However, institutional funds are gradually flowing back, and Ethereum, along with Bitcoin, is benefiting from net inflows into spot ETFs, providing some market support.

Additionally, the US regulatory environment has shown marginal improvement. The latest guidance from the U.S. Securities and Exchange Commission (SEC) clarifies that most crypto assets are not securities, offering a clearer compliance framework. This change helps boost institutional participation and market confidence.

Analysts believe that the return of whale funds and institutional allocations may provide medium-term support for Ethereum’s price, but short-term trends will still depend on macro liquidity and market sentiment changes. (The Block)