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Ethereum Latest Updates: Major Institutions and Large Holders Acquire $1.37B in ETH, Indicating Significant Market Recovery

Ethereum Latest Updates: Major Institutions and Large Holders Acquire $1.37B in ETH, Indicating Significant Market Recovery

Bitget-RWA2025/11/07 01:44
By:Bitget-RWA

- Ethereum's on-chain activity surged as institutions and whales bought 400,000 ETH ($1.37B) in three days, signaling potential market rebound. - A major whale repurchased 257,543 ETH ($896M) after borrowing from Aave , demonstrating long-term confidence despite volatility. - Analysts predict ETH could reach $4,800–$10,000, citing improved scalability, institutional adoption, and pre-upgrade accumulation trends. - Upcoming Fusaka upgrade and strong on-chain metrics reinforce bullish sentiment, with ETH tra

Ethereum’s on-chain metrics are once again displaying signs of bullishness

as major investors and institutions have acquired close to 400,000 ETH—valued at more than $1.37 billion—within a span of three days, according to a . This wave of accumulation, fueled by both renewed purchases and new investments, has led to speculation that the market could be gearing up for a notable recovery in the near future.

The most significant buyer during this period was an

whale who had earlier borrowed 66,000 ETH from . According to the CryptoNews report, this wallet has now bought back 257,543 ETH at an average cost of $3,480, injecting $896 million into the Ethereum ecosystem. This action demonstrates strong confidence in Ethereum’s future prospects, despite recent market swings. The article also mentions that Bitmine, 7 Siblings, and OTC traders have all expanded their ETH portfolios during the recent correction.

Market analysts are monitoring this accumulation trend, pointing out that such significant buying activity often comes before major price movements. Some experts believe Ethereum could reach new record highs, with forecasts ranging from $4,800 up to $10,000. CoinDCX, a crypto exchange based in India, has set a $4,800 target, attributing it to enhanced network scalability and growing institutional participation, the report states. Meanwhile, Lacie Zhang from Bitget Wallet described the current environment as a “cautious calm,” and suggested that positive macroeconomic indicators could propel ETH toward $4,200 in the short term.

Optimism is also being fueled by the upcoming Fusaka upgrade for Ethereum, scheduled for December. The CryptoNews article notes that institutional demand has already increased ahead of the hard fork, with on-chain data reflecting a strengthening upward trend after recent short liquidations. At the time of writing, Ethereum was trading at $3,421, marking a 3.72% gain over the past 24 hours, and technical analysis suggests a potential 25–30% rise by the end of 2025.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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