Overview
- A single wallet bought 30,548 ETH in about an hour, bringing purchases since November 4 to roughly 385,718 ETH worth about $1.33 billion, according to Lookonchain.
- Roughly $270 million of the whale’s capital came from Aave borrowings, underscoring leveraged exposure that could heighten downside risk if prices fall.
- CryptoQuant data shared by analyst Maartunn shows Bitmine remains about $1.8 billion underwater on ETH yet has added more than 70,000 ETH in November.
- ETH trades below $3,500 and the 100-hour SMA with resistance near $3,550–$3,650 and key supports around $3,360–$3,300, per Kraken-based analysis.
- Market tone reflects consolidation around $3,400–$3,500 as participants watch for macro data resumption tied to the U.S. government reopening.