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Buy Ethereumwalvissen at the moment more ETH?
Large Ethereum -Walvissen such as Bitmine bought more than 252,000 ETH in three days.
What can happen to ETH price in Q4?
If historical trends repeat, ETH could book double the win next quarter.
Ethereum [ETH] Whales make serious sound.
ETH Treasury Company Bitmine has just bought more than 252,000 ETH in just three days, which increased its stock for no less than $ 8.84 billion. And they are not alone; Other major players also stack ETH.
Although analysts warn that a short pullback could be on the cards, there is reason to believe that this is just a prelude to something explosive.
Whales make waves with huge ETH purchases
A whale just picked up $ 15 million in ETH, and it is not an isolated step.
Source: X
Tom Lee’s Bitmine Was just looking for SpreeBuying 252,441 ETH in just three days. That brings its total stock to more than 2.2 million ETH, worth $ 8.84 billion.
Source: X
The other big story Is that Walvispallet 0xe37f (which sold 1,857 ETH at $ 2,251 only five months ago) has now been introduced again. Earlier today it won 1,501 ETH for $ 6.17 million for $ 4,114 each.
Source: X
But while whaling whales, Ethereum ETFs show the opposite trend.
Source: Sosovalue
The products bleed heavily this week, with a total of $ 795.56 million – the biggest weekly loss since their establishment.
This sharp reversal has wiped out a large part of the momentum that was built in August and the beginning of September, when the entry had pushed the total net assets above $ 30 billion.
At the time of writing, assets were slipped back to $ 26 billion under management.
Can Q4 ETH push the moon?
Ethereum has had ups and downs all year round, but Q4 could bring us to the light.
Source: Coinglass
The last time EHH Q3 closed, this strong, Q4 more than doubles and pushes the prices to new highlights.
Source: X
According to analyst Tedpillows, ETH has a healthy correction after collecting nearly 250% of the soil, which is normal in large uptrends.
If the pattern applies, the next leg that once this pullback has been completed, ETH is comfortable above $ 10,000.
With seasonal data that indicate strong finishes and the price that is still within the long -term rising channel, it can be decisive in the coming months.
Short -term prospects
Ethereum seems to catch your breath after the drop last week. The price has succeeded in bouncing back above $ 4,100 and looks stable.
Source: TradingView
The RSI was slightly less than 45, which means that ETH is not sold over, but still has room to push higher than buying picks. On the other hand, trade volumes remained light, so the momentum is not yet strong.
If the bulls can defend the level of $ 4,000, the next step can be a steady climb. But if that floor makes way, we could see another leg down before the recovery begins.