ETH below $4 000: large investors are buying Ethereum

Large holders of Ethereum (ETH) are actively buying the cryptocurrency amid falling prices, as the value of the second largest cryptocurrency has dropped below $4 000.

This decline has divided opinions in the market. Some analysts warn of a possible bear market, while others see it as a good opportunity for long-term investments.

Whales are not afraid of the bearish trend of Ethereum
According to the latest data from BeInCrypto Markets, the price of ETH has fallen by 1.84% in the last 24 hours, dropping below $4 000. At the time of writing, the altcoin was trading at $3 943.

The latest analysis from BeInCrypto showed that the market is negatively inclined towards ETH, and there is a risk of further decline. Economist and cryptocurrency critic Peter Schiff stated that the altcoin has entered a bear market.

"Ethereum has just fallen below $4 000. Despite all the purchases by the Ethereum Treasury, the No. 2 cryptocurrency is now officially in a bear market, having declined by 20% from its all-time high in August. Bitcoin is next," said Schiff.

However, many crypto whales disagree with this forecast and continue to buy Ethereum on the dip. The analytics company Lookonchain reported that in the last two days, 15 wallets have increased their balances by 406,117 ETH ( approximately $1.6 billion ). Investors withdrew them from major platforms.

"You will have another opportunity to purchase ETH. Whales have already started accumulating, and soon institutional investors will join them," said analyst Cas Abbe.

This activity is confirmed by the increase in inflows to accumulation addresses, indicating strategic purchases by large holders during the downturn. According to analyst Darkfost, these are wallets that have made at least two transactions with a minimum amount of ETH, without selling even once.

"Thus, we can link this type of addresses to the behavior of long-term holders," noted the analyst in a comment.

In the latest activity, almost 400,000 ETH were added to such wallets in one day. Notably, on September 18, these addresses set a record by absorbing around 1.2 million ETH.

"This is a historic event for Ethereum. Some players are clearly not joking, and some of these addresses may be linked to organizations offering ETH-ETFs, which have seen a recent surge in demand," added Darkfost.

This behavior reflects market optimism: the drop in ETH is seen as a buying opportunity. In a recent post on social media X ( formerly "Twitter" ) Altcoin Gordon suggested that ETH is approaching a long-term buying zone and could rise by December.

"ETH is entering my long-term buy zone. Accumulate at these levels, and you will thank me in December," he wrote.

Market strategist Shay Bolur noted that although many investors are panicking due to the fall of Ethereum below $4 000 and are calling it a bear market, the overall picture suggests otherwise. He emphasized that major financial figures such as Tom Lee, Stanley Druckenmiller, and Peter Thiel support Ethereum, demonstrating confidence despite the recent pullback.

"At the same time, the U.S. government needs stablecoins to support the demand for treasury bonds. A large part of this supply is on ETH. It smells like an opportunity below $4 000," said Bolur.

Traders with leverage suffered from the decline of ETH