Ethereum

Resistance

<p>This article was first published on <a href="https://thebitjournal.com/" rel="noopener noreferrer nofollow">The Bit Journal</a><span style="font-weight: 400">.</span></p>
<p><span style="font-weight: 400">Ethereum price extended its decline in the recent sessions while crypto markets were under pressure. Short-term traders greeted the dip with caution. But, on-chain data showed a massive buying interest from a well-established whale.</span></p>
<p><span style="font-weight: 400">This contrast has been defining the market’s conversation about near-term risk and long-term confidence. Data on the blockchain indicates that one major Ethereum holder kept buying ETH even during the dip. The transactions were executed in over-the-counter deals.</span></p>
<h2 id="span-style-font-weight-400-whale-strategy-highlights-long-term-confidence-span"><span style="font-weight: 400">Whale Strategy Highlights Long-Term Confidence</span></h2>
<p><span style="font-weight: 400">This approach reduced market impact. It also steered clear of setting off automated trading systems. At a time when Ethereum price crashed through critical levels, this was notable.</span></p>
<p><span style="font-weight: 400">Ethereum price has been fighting to keep its recent gains over the last week. Technical indicators weakened. Selling pressure remained steady. Despite this, whale accumulation increased.</span></p>
<p><span style="font-weight: 400">That could mean big investors view current levels as a good deal at which to buy. And the spread between retail caution and whale confidence has grown.</span></p>
<h2 id="span-style-font-weight-400-whale-accumulation-intensifies-span"><span style="font-weight: 400">Whale Accumulation Intensifies</span></h2>
<p><span style="font-weight: 400">A whale wallet identified as 0xFB7 recently bought 20,000 ETH. The purchase was valued at about $56 million. This was not an isolated move. Over the last five days, the same wallet accumulated more than 70,000 ETH.&nbsp;</span></p>
<p><span style="font-weight: 400">Also Read: </span><a href="https://thebitjournal.com/vitaliks-ethereum-2026-vision-centers-on-core-protocol-values/" rel="noopener noreferrer nofollow"><span style="font-weight: 400">Vitalik’s Ethereum 2026 Vision Centers on Core Protocol Values</span></a></p>
<p><span style="font-weight: 400">The total value exceeded $200 million. Such consistent buying during weakness often signals long-term conviction rather than short-term speculation.</span></p>
<figure style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" src="https://thebitjournal.com/wp-content/uploads/2026/01/Lookonchain.jpg" alt="Ethereum price" width="679" height="511" title="Ethereum Whale Buys $200M ETH as Price Slides 34">
 <figcaption>
  Source: <a href="https://x.com/lookonchain/status/2015616230066209036" rel="noopener noreferrer nofollow">X</a>
 </figcaption>
</figure>
<h2 id="span-style-font-weight-400-strategic-use-of-otc-transactions-span"><span style="font-weight: 400">Strategic Use of OTC Transactions</span></h2>
<p><span style="font-weight: 400">The whale relied on OTC deals instead of spot market orders. This strategy limits slippage. It also keeps prices stable during large purchases.&nbsp;</span></p>
<p><span style="font-weight: 400">For the Ethereum price, this meant reduced immediate volatility. OTC buying often reflects a calculated and patient approach. It is commonly used by institutions and large funds.</span></p>
<h2 id="span-style-font-weight-400-impact-on-market-sentiment-span"><span style="font-weight: 400">Impact on Market Sentiment</span></h2>
<p><span style="font-weight: 400">Whale behavior can influence sentiment across the market. Many traders track large wallets for signals. When accumulation happens during a downturn, it can ease panic. It may also suggest confidence in future recovery.&nbsp;</span></p>
<p><span style="font-weight: 400">While whale activity does not guarantee a rebound, it often reflects informed positioning. In this case, it supports the view that the Ethereum price may be near a value zone.</span></p>
<h2 id="span-style-font-weight-400-technical-structure-remains-weak-span"><span style="font-weight: 400">Technical Structure Remains Weak</span></h2>
<p><span style="font-weight: 400">From a technical perspective, the Ethereum price remains fragile. On the four-hour chart, ETH has fallen below the 50-period EMA.&nbsp;</span></p>
<p><span style="font-weight: 400">Price is now testing the lower boundary of a rising channel formed in late December. Recent candles show long lower wicks. This points to dip-buying interest. However, follow-through remains limited.</span></p>
<figure style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" src="https://thebitjournal.com/wp-content/uploads/2026/01/X-6.png" alt="Ethereum news today" width="624" height="546" title="Ethereum Whale Buys $200M ETH as Price Slides 35">
 <figcaption>
  Source: <a href="https://x.com/Karman_1s/status/2015696207960822136" rel="noopener noreferrer nofollow">X</a>
 </figcaption>
</figure>
<h2 id="span-style-font-weight-400-resistance-levels-limit-upside-span"><span style="font-weight: 400">Resistance Levels Limit Upside</span></h2>
<p><span style="font-weight: 400">The broader trend is capped by a descending trendline from the $3,480 high. ETH failed to hold above $3,310. That area has turned into firm resistance.&nbsp;</span></p>
<p><span style="font-weight: 400">As long as the Ethereum price stays below $3,050, upside attempts may struggle. Another resistance level sits near $3,182. A break above these zones is needed to shift momentum.</span></p>
<h2 id="span-style-font-weight-400-support-zones-under-watch-span"><span style="font-weight: 400">Support Zones Under Watch</span></h2>
<p><span style="font-weight: 400">Support remains concentrated around $2,810. Below that, $2,717 is the next key level. These areas previously attracted strong demand.&nbsp;</span></p>
<table class="formatted-table full-size-table table-scrollable">
 <thead>
  <tr>
   <th scope="col">Month</th>
   <th scope="col">Min. Price</th>
   <th scope="col">Avg. Price</th>
   <th scope="col">Max. Price</th>
   <th scope="col">Change&nbsp;<i></i></th>
  </tr>
 </thead>
 <tbody>
  <tr>
   <td>Jan 2026</td>
   <td>$ 2,894.52</td>
   <td>$ 3,191.83</td>
   <td>$ 3,497.98</td>
   <td>
    <div class="d-flex justify-content-between align-items-center">
     <span>21.30%</span>
    </div></td>
  </tr>
  <tr>
   <td>Feb 2026</td>
   <td>$ 3,056.43</td>
   <td>$ 3,726.27</td>
   <td>$ 4,406.80</td>
   <td>
    <div class="d-flex justify-content-between align-items-center">
     <span>52.81%</span>
    </div></td>
  </tr>
  <tr>
   <td>Mar 2026</td>
   <td>$ 3,967.70</td>
   <td>$ 4,659.30</td>
   <td>$ 5,276.11</td>
   <td>
    <div class="d-flex justify-content-between align-items-center">
     <span>82.95%</span>
    </div></td>
  </tr>
  <tr>
   <td>Apr 2026</td>
   <td>$ 4,187.09</td>
   <td>$ 4,783.04</td>
   <td>$ 5,507.17</td>
   <td>
    <div class="d-flex justify-content-between align-items-center">
     <span>90.97%</span>
    </div></td>
  </tr>
  <tr>
   <td>May 2026</td>
   <td>$ 4,034.34</td>
   <td>$ 4,493.82</td>
   <td>$ 4,933.69</td>
   <td>
    <div class="d-flex justify-content-between align-items-center">
     <span>71.08%</span>
    </div></td>
  </tr>
  <tr>
   <td>Jun 2026</td>
   <td>$ 3,667.03</td>
   <td>$ 3,766.67</td>
   <td>$ 3,904.02</td>
   <td>
    <div class="d-flex justify-content-between align-items-center">
     <span>35.38%</span>
    </div></td>
  </tr>
  <tr>
   <td>Jul 2026</td>
   <td>$ 3,586.11</td>
   <td>$ 3,690.05</td>
   <td>$ 3,998.15</td>
   <td>
    <div class="d-flex justify-content-between align-items-center">
     <span>38.64%</span>
    </div></td>
  </tr>
  <tr>
   <td>Aug 2026</td>
   <td>$ 3,464.56</td>
   <td>$ 4,140.93</td>
   <td>$ 4,539.82</td>
   <td>
    <div class="d-flex justify-content-between align-items-center">
     <span>57.42%</span>
    </div></td>
  </tr>
  <tr>
   <td>Sep 2026</td>
   <td>$ 3,156.16</td>
   <td>$ 3,407.54</td>
   <td>$ 3,602.77</td>
   <td>
    <div class="d-flex justify-content-between align-items-center">
     <span>24.93%</span>
    </div></td>
  </tr>
  <tr>
   <td>Oct 2026</td>
   <td>$ 3,339.16</td>
   <td>$ 3,526.07</td>
   <td>$ 3,717.08</td>
   <td>
    <div class="d-flex justify-content-between align-items-center">
     <span>28.89%</span>
    </div></td>
  </tr>
  <tr>
   <td>Nov 2026</td>
   <td>$ 3,380.41</td>
   <td>$ 3,448.74</td>
   <td>$ 3,569.66</td>
   <td>
    <div class="d-flex justify-content-between align-items-center">
     <span>23.78%</span>
    </div></td>
  </tr>
  <tr>
   <td>Dec 2026</td>
   <td>$ 3,656.26</td>
   <td>$ 3,723.91</td>
   <td>$ 3,771.67</td>
   <td>
    <div class="d-flex justify-content-between align-items-center">
     <span>30.79%</span>
    </div></td>
  </tr>
 </tbody>
</table>
<p><span style="font-weight: 400">A clean break below channel support could increase downside risk. For now, buyers are defending these zones. This keeps the Ethereum price in a tight range.</span></p>
<h2 id="span-style-font-weight-400-momentum-signals-caution-span"><span style="font-weight: 400">Momentum Signals Caution</span></h2>
<p><span style="font-weight: 400">Momentum indicators reflect ongoing weakness. The Relative Strength Index is near 40. This shows weak momentum but not oversold conditions.&nbsp;</span></p>
<p><span style="font-weight: 400">Selling pressure appears controlled. Yet it remains persistent. Without stronger buying, rallies may continue to fade. This keeps the Ethereum price vulnerable in the short term.</span></p>
<h2 id="span-style-font-weight-400-conclusion-span"><span style="font-weight: 400">Conclusion</span></h2>
<p><span style="font-weight: 400">The Ethereum price appears to be under some technical pressure and consolidative/hesitant momentum. Short-term sentiment remains cautious. Yet aggressive whale buying suggests a different story. The big money seems bullish at these levels.</span></p>
<p><span style="font-weight: 400">It is a long strategy by them to use OTC channels. Though continued volatility is likely, whale activity suggests that confidence in the broader potential of Ethereum as a digital asset has not been shaken.</span></p>
<p><span style="font-weight: 400">Also Read: </span><a href="https://thebitjournal.com/ethereum-price-outlook-3-reasons-whale-execution-is-bullish/" rel="noopener noreferrer nofollow"><span style="font-weight: 400">Ethereum Price Outlook: 3 Reasons Whale Execution Is Bullish</span></a></p>
<h2 id="span-style-font-weight-400-appendix-glossary-of-key-terms-span"><span style="font-weight: 400">Appendix: Glossary of Key Terms</span></h2>
<p><span style="font-weight: 400">Whale: A term used to describe members of the investing community who have hold large cryptocurrency wallets.</span></p>
<p><span style="font-weight: 400">OTC trade: A private trade in cryptocurrency made outside the public exchanges.</span></p>
<p><span style="font-weight: 400">Market impact (slippage): The deviation of the expected trade price from that received in the final execution.</span></p>
<p><span style="font-weight: 400">Technical indicators: Analytical tools that are used to analyze price trends and momentum.</span></p>
<p><span style="font-weight: 400">RSI: The Relative Strength Index is a momentum indicator that gauges buying and selling pressure.</span></p>
<p><span style="font-weight: 400">Support level: A specific price area that purchasing pressure has previously kept higher.</span></p>
<p><span style="font-weight: 400">Resistance level: A price range where the selling pressure has caused fluctuations to stall.</span></p>
<h2 id="span-style-font-weight-400-frequently-asked-questions-ethereum-price-span"><span style="font-weight: 400">Frequently Asked Questions Ethereum Price</span></h2>
<h3 id="span-style-font-weight-400-1-why-is-the-ethereum-price-falling-now-span"><span style="font-weight: 400">1- Why is the Ethereum price falling now?</span></h3>
<p><span style="font-weight: 400">The Ethereum price is under pressure due to weak momentum, resistance levels, and broader market uncertainty.</span></p>
<h3 id="span-style-font-weight-400-2-what-does-whale-accumulation-mean-for-the-market-span"><span style="font-weight: 400">2- What does whale accumulation mean for the market?</span></h3>
<p><span style="font-weight: 400">Whale accumulation often signals long-term confidence. It does not ensure a rebound but can support sentiment.</span></p>
<h3 id="span-style-font-weight-400-3-why-are-otc-purchases-important-span"><span style="font-weight: 400">3- Why are OTC purchases important?</span></h3>
<p><span style="font-weight: 400">OTC purchases reduce price impact. They allow large buyers to accumulate without moving the market.</span></p>
<h3 id="span-style-font-weight-400-4-what-levels-are-key-for-ethereum-span"><span style="font-weight: 400">4- What levels are key for Ethereum?</span></h3>
<p><span style="font-weight: 400">Support lies near $2,810 and $2,717. Resistance stands at $3,050 and $3,182.</span></p>
<h4><span style="font-weight: 400">References</span></h4>
<p><a href="https://coinomedia.com/eth-whale-accumulation-surges-amid-market-dip/" target="_blank" rel="noopener noreferrer nofollow"><span style="font-weight: 400">Coinomedia</span></a></p>
<p><a href="https://www.fxleaders.com/news/2026/01/26/ethereum-price-prediction-eth-slips-below-2900-after-145m-whale-move-is-2700-next/" target="_blank" rel="noopener noreferrer nofollow"><span style="font-weight: 400">FXLeaders</span></a></p>
<p><strong>Read More:</strong> <a href="<a rel=" rel="noopener noreferrer nofollow">Ethereum Whale Buys $200M ETH as Price Slides</a>"&gt;<a rel="noopener noreferrer nofollow" href="https://thebitjournal.com/ethereum-whale-buys-200m-eth-as-price-slides/">Ethereum Whale Buys $200M ETH as Price Slides</a></p>

Ethereum Whale Buys $200M ETH as Price Slides

Table of Contents

The Bit Journal

Other articles published on Jan 26, 2026

Join our free newsletter for daily crypto updates!