Ethereum Whale Buys $19.7M in ETH as ETH Price Eyes Potential Recovery

Ethereum is attracting fresh whale interest as large wallets accumulate millions of dollars worth of ETH despite the token’s struggle to regain bullish momentum. According to Lookonchain, one whale purchased 8,773.5 ETH using $19.7 million in USDT, while another withdrew 9,777 ETH from Binance. These transactions highlight continued large-holder activity, but the ETH price still faces technical resistance. Traders are now watching whether buyers can defend the nearby support zone and push the price toward a stronger recovery. According to blockchain analytics platform Lookonchain, two large wallets have made significant moves involving Ethereum. The wallet 0x32c6 purchased 8,773.5 ETH for $19.7 million worth of USDT at a price of $2,245 per ETH. The deal marks an important spot buying amid the uncertainty of the Ethereum market.

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