Ethereum Nears Potential Bottom as Experts and Whales Accumulate

Ethereum has taken a heavy hit, losing 10% in 24 hours, underperforming Bitcoin’s 5% drop. The broader crypto market, reacting to escalating global trade tensions and weak equity markets, is experiencing renewed selling pressure.

Despite this, analysts suggest a potential bottom may be forming for Ethereum (ETH). Leading on-chain experts from CryptoQuant highlight that Ethereum’s market price has now dipped below its Realized Price—a historical signal often associated with investor capitulation and the end of major downtrends.

Realized Price Breach Triggers Accumulation Signals

The Realized Price reflects the average purchase cost of all circulating ETH. When the spot price falls below this level, it indicates that most holders are underwater—a setup that has historically preceded bullish reversals.

Analyst @CryptoCaesarTA also considers Ethereum’s current price exceptionally low, rarely seen in past cycles. He believes ETH may be approaching a high-probability bottom, presenting a compelling entry point for long-term investors seeking value.

Macro Developments Could Support Recovery

According to @venturefounder, Ethereum is either at or very close to its cycle low. He points to possible political and economic catalysts in April and May that could help stabilize or reverse the trend. Among them: a potential loosening of crypto regulations under Trump, a Federal Reserve rate cut, and the return of more accommodative monetary policies.

While U.S. President Trump has pushed for lower interest rates, Fed Chair Jerome Powell has maintained caution, citing uncertain inflation trends. The resulting macro ambiguity continues to weigh on ETH’s price.

Whale Activity Suggests Long-Term Confidence

While short-term market pressure remains intense, large holders are seizing the opportunity. Analyst CryptoGoos highlights a sharp rise in whale accumulation, as measured by the Ethereum Balance by Holder Value metric. This indicator tracks wallet behavior, and data shows that large investors are aggressively buying ETH.

Such accumulation during price dips suggests that institutional or “smart money” still sees strong upside potential in Ethereum, even amid current market volatility.

Risks Remain, Even for the Biggest Players

However, even whales are not immune to losses. One Ethereum mega-holder recently lost over 67,000 ETH (~$106 million) in a forced liquidation on DeFi platform Sky. The rapid price decline triggered the margin call, highlighting the risks large players face in unstable conditions.

While Ethereum hasn’t yet confirmed a definitive bottom, multiple technical and onchain indicators suggest it could be drawing closer. Long-term investors and institutions seem to agree—and are preparing accordingly.