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Ethereum whales increase buying despite price dip and market pressure

Market News
04 Jun 2026
UToday
View Source
Neutral
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Ethereum's price has dropped below key support levels, trading near $1,760 amid strong selling pressure. However, large investors, notably the group known as 7 Siblings, are actively borrowing funds and accumulating ETH, spending around $4 million so far and holding $16 million more for future buys. This whale activity suggests institutional players see current prices as attractive long-term entry points, potentially signaling a local bottom if accumulation continues. Despite technical weakness and market negativity, these moves indicate ongoing conviction among major holders, though a broader recovery is not guaranteed yet.

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