Ethereum slid hard as large buyers stepped in, with Lookonchain tracking fresh ETH accumulation during the selloff. Meanwhile, More Crypto Online said the drop supports a downside path toward the $2,250 to $2,260 zone.
Ethereum Whales Accumulate as Market Slides
Large holders and institutions increased Ethereum exposure during the market downturn, according to on-chain data shared by Lookonchain. The activity showed sizable borrowing and over-the-counter purchases despite broader price pressure.
Trend Research borrowed 70 million USDT from Aave and used the funds to buy 24,555 ETH, valued at about $75.5 million at the time of the transaction. Following the purchase, the firm’s total Ethereum holdings reached 651,310 ETH, worth roughly $1.92 billion based on prevailing market prices.
At the same time, an identified OTC whale wallet, labeled 0xFB7, acquired 20,000 ETH valued at about $58.8 million. The transaction moved through institutional trading desks FalconX and Wintermute, signaling continued demand from large buyers using off-exchange liquidity channels.
More Crypto Online Points to $2,250–$2,260 Zone After Sharp ETH Selloff
Ethereum’s decline on the daily chart strengthened a downside forecast that targets the $2,250 to $2,260 area, according to a post from More Crypto Online. The analyst said the latest drop added weight to the view that price action has started a move toward that lower zone after Ethereum failed to sustain a recent rebound.
Ethereum U.S. Dollar Daily Chart. Source: More Crypto Online
On the chart, ETH traded near $2,941 at the time of the screenshot, after sliding below a rising support line that had guided the bounce from December into early 2026. The move also kept price capped below a highlighted resistance band near $3,350 to $3,548, marked around the 50% to 61.8% retracement region.
The same projection mapped several downside levels, with a mid area near $2,626 and a deeper target cluster around $2,258 to $2,260. The chart also showed a lower extension level near $1,820 as a more distant reference if selling pressure extends beyond the $2,250 area.
