Ethereum Whales Accumulate 130,000 ETH Amid Price Drop Below $1,800

Ethereum whales accumulated over 130,000 ETH amid a price drop to below $1,800. The ongoing macroeconomic uncertainties and US trade tariffs have led to market volatility. Despite challenges, network metrics show growth, with increased user adoption reflected in new addresses and lower gas fees, reinforcing Ethereum’s long-term dominance in the blockchain sector.

Ethereum whales took advantage of recent market fluctuations, accumulating over 130,000 ETH as the price dipped below $1,800. This significant buying activity occurred despite macroeconomic challenges, indicating that these investors view current price levels as attractive for long-term investment opportunities.

Currently trading at around $1,700, Ethereum has experienced a 6% drop within the last 24 hours and finished Q1 2025 with a notable decline of 45%. Factors contributing to this downturn include heightened market volatility linked to US trade tariffs announced by President Trump on April 2, which have triggered investor aversion to riskier assets, thus resulting in broad market sell-offs.

Nevertheless, some whales, undeterred by market conditions, have opted to buy the dip. Notable transactions include one whale acquiring 6,488 ETH at a price of $1,772, demonstrating confidence amidst widespread selling pressure.

Despite ongoing scepticism regarding Ethereum’s market position due to increasing competition, industry expert Jean Rausis from Smardex asserts that Ethereum’s foundation remains robust. He highlights that Ethereum continues to be the preferred platform for decentralised applications, with strong security measures and high adoption rates compared to alternatives.

Recent data indicates that daily new Ethereum addresses have surged to an average of 200,000 in January 2025, demonstrating significant user interest, while average transaction fees have decreased dramatically, currently sitting at $0.4, a stark contrast to previous highs of $15. Rausis suggests that the current price decline presents a generational buying opportunity rather than a cause for alarm, predicting Ethereum’s continued dominance in the blockchain space as others falter.

Overall, the current market situation reflects an essential moment for strategic investment in Ethereum, with major players exploiting lower prices to enhance their holdings, countering fears of short-term volatility.