Investors Accumulate Ethereum Despite Market Decline

• Ethereum whales take advantage of the drop to buy.
• Ethereum maintains leadership despite adversities.
• Price drop seen as buying opportunity.

Ethereum whales have shown a robust appetite for acquisitions, hoarding over 130.000 ETH on Wednesday. The massive purchase comes at a time of significant price pullback, with Ethereum plummeting to $1.750 — its lowest level since November 2024.

Ethereum’s price is currently hovering around $1.809,68, marking a 1% drop in the last 24 hours alone. This negative movement sealed the first quarter of 2025 with a cumulative devaluation of 45%, one of the worst quarterly performances recorded by the cryptocurrency.

The drop in Ethereum prices is intrinsically linked to macroeconomic uncertainty, especially after President Trump announced new trade tariffs on April 2. These measures are aimed at correcting US trade deficits and strengthening domestic production. The announcement precipitated a risk-averse environment, leading many investors to dump assets considered volatile, resulting in intense liquidations in both the stock and cryptocurrency markets.

Despite the climate of insecurity, some whales interpreted the drop as a buying opportunity. According to Lookonchain, one of these whales acquired 6.488 ETH for US$ 1.772 on the same date.

A whale just bought the dip — dropping 11.5M $ USDC on 6,488.5 $ ETH at $1,772. https://t.co/KdsiTykxYE pic.twitter.com/Ny16X4b3wO

— Lookonchain (@lookonchain) April 3, 2025