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<h2 class="wp-block-heading" id="strong-in-brief-strong"><strong>In Brief</strong></h2>
<ul>
 <li>ETH daily transactions rise toward 1.6M, mirroring pre-bull market accumulation patterns.<br></li>
 <li>Bitmine and major whales added over $760M in ETH, boosting institutional confidence.<br></li>
 <li>ETH trades near $3,890 with strong liquidity between $3,750–$4,200 and bullish structure.</li>
</ul>
<p>Ethereum is showing renewed strength on-chain as daily transactions approach 1.6 million, according to Glassnode data. This trend mirrors previous pre-bull market phases and suggests accumulation despite weak sentiment.</p>
<p>Historical data shows such spikes have often coincided with market bottoms and preceded major upward movements. Although price action remains muted, fundamentals appear to be strengthening beneath the surface.</p>
<figure class="wp-block-image aligncenter size-large"><img src="https://coincu.com/wp-content/uploads/2025/11/image-10-1024x576.jpeg" alt="">
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  ETH Number of Transactions | Source: glassnode
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<p>Supporting this trend, Bitmine has expanded its holdings significantly through major institutional platforms and OTC desks. This week alone, Bitmine accumulated 112,960 ETH worth around $443 million across BitGo, FalconX, Kraken, and Galaxy Digital.</p>
<p>Additionally, Bitmine <a href="https://coincu.com/ethereum/bitmine-ethereum-accumulation-2025/" rel="noopener noreferrer nofollow">acquired</a> 77,055 ETH worth $320 million last week, bringing total holdings above 3.3 million ETH. This ongoing activity reflects sustained institutional appetite and confidence in long-term upside potential.</p>
<p>Moreover, a whale with a 100% win rate has <a href="https://x.com/Ashcryptoreal/status/1984902696487587975" rel="noopener noreferrer nofollow">added</a> to long positions across ETH, BTC, and SOL. The whale currently holds $152 million in ETH, highlighting large-scale conviction.</p>
<h2 class="wp-block-heading" id="strong-price-structure-aligns-with-accumulation-and-liquidity-zones-strong"><strong>Price Structure Aligns with Accumulation and Liquidity Zones</strong></h2>
<p>Ethereum trades at $3,893.85 with a modest 0.58% daily gain, yet it remains down 1.61% for the week. Despite minor weakness, the price structure suggests a maturing accumulation range.</p>
<p>According to AltcoinGordon, Ethereum follows a Wyckoff model, recently passing through the “Spring” and “Back-Up” phases. A Sign of <a href="https://coincu.com/analysis/ethereum-bullish-structure-targets-6k/" rel="noopener noreferrer nofollow">Strength phase</a> points to potential upside if momentum holds.</p>
<figure class="wp-block-image aligncenter size-large"><img src="https://coincu.com/wp-content/uploads/2025/11/image-9-1024x741.jpeg" alt="">
 <figcaption>
  Ethereum Wyckoff | Source: X
 </figcaption>
</figure>
<p>The model places future targets between $5,000 and $5,800, depending on breakout confirmation and sustained demand. Although sentiment remains cautious, this may benefit long-term positioning.</p>
<p>Order book data from Coinglass shows strong liquidity resistance between $3,900 and $4,200, confirming current price friction. However, solid support near $3,750 may attract buyers and <a href="https://coincu.com/analysis/ethereum-retests-key-support-eyeing-4955/" rel="noopener noreferrer nofollow">trigger reversals</a>.</p>
<figure class="wp-block-image aligncenter size-large"><img src="https://coincu.com/wp-content/uploads/2025/11/image-8-1024x474.jpeg" alt="">
 <figcaption>
  Ethereum Heatmap | Source: X
 </figcaption>
</figure>
<p>TedPillows notes that liquidity sweeps below $3,750 could reset conditions before an upward move. Overall, Ethereum appears to be in a well-defined, range-bound accumulation phase.</p>
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on<a href="https://coincu.com/" rel="noopener noreferrer nofollow">&nbsp;this website</a>&nbsp;is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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Ethereum Update: Rising On-Chain Activity Sparks Breakout Hopes

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