Ethereum Slides to Two-Month Low After Whale Buys 20,000 ETH
Published at 2026-01-30 11:15:24
Ether fell to roughly $2,600 on Friday, marking a two-month low as risk appetite in crypto softened. On-chain trackers recorded a single whale scooping up 20,000 ETH in a roughly $56.03 million trade — an average near $2,800 per coin — a notable accumulation that occurred amid the downward move.
While the large buy offers a measure of support and could signal longer-term confidence, broader market conditions still look strained. Reclaiming $3,000 will likely depend on renewed Bitcoin strength, sustained inflows to long-term holders, and a drop in exchange selling; traders will be watching on-chain flows and options activity to gauge whether this whale purchase starts a larger accumulation trend or remains an isolated, contrarian bet.
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