Analyst Highlights Return of Whales to Ethereum Market

Large investors resume Ethereum purchases after correction, says ShayanMarkets.

Large investors have resumed purchasing Ethereum following a recent correction. This is indicated by data from the Spot Average Order Size metric, analyzed by the expert known as ShayanMarkets.

Spot Order Size Data Hints at Institutional Re-Entry Into Ethereum Market

“If this behaviour persists and the $3-$3.4K region holds as structural support, Ethereum may be entering a low-volatility accumulation zone.” – By @ShayanBTC7 pic.twitter.com/O60J3NmIdS

— CryptoQuant.com (@cryptoquant_com) November 10, 2025

According to him, whale activity briefly increased during the price drop to $3200. Such behavior in the past often preceded the formation of a local bottom and the start of an accumulation phase.

The analyst believes that major market participants are returning to buy the asset at reduced prices, while retail traders remain cautious.

ShayanMarkets noted that in previous market cycles, similar situations—whale accumulation and small investor capitulation—marked the beginning of a trend reversal. Sometimes they signaled the final stage of consolidation before significant growth.

The expert predicts that if Ethereum holds support in the $3000-3400 range, the asset could enter a low-volatility accumulation zone. This would create conditions for a potential bullish impulse towards target levels of $4500-4800.

Key Support Level

Analyst Michaël van de Poppe shares a similar view. He stated that Ethereum is at a key support level.

#Altcoin market capitalization is still holding a crucial level for support.

This month we’ll be trending back towards the highs and I think that we’ll see new ATHs in 2026.

The bull market is far from over. pic.twitter.com/Y6uUb60QHT

— Michaël van de Poppe (@CryptoMichNL) November 10, 2025

According to him, the asset will maintain this position, break resistance against Bitcoin at 0.0345, and begin a rally to 0.045. Van de Poppe expects Ethereum to show stronger growth than the leading cryptocurrency.

The expert also noted that the overall altcoin market capitalization is holding an important support level.

#Altcoin market capitalization is still holding a crucial level for support.

This month we’ll be trending back towards the highs and I think that we’ll see new ATHs in 2026.

The bull market is far from over. pic.twitter.com/Y6uUb60QHT

— Michaël van de Poppe (@CryptoMichNL) November 10, 2025

He forecasts that the market will return to its highs this month and reach new all-time records in 2026. The bull cycle is far from over, concluded van de Poppe.

At the time of writing, the second-largest cryptocurrency by market capitalization is trading at $3605, up 3.7% over the past day.

Back in November, a trader known as Ash Crypto identified a “bear trap” in Ethereum’s dynamics.