ETH short-term breaks 3300, but whales and corporations are aggressively building positions

According to the latest news, ETH has fallen below the 3300 USDT level, with the current price at 3298.95 USDT. This short-term decline may seem concerning, but the true market signals could be more meaningful than price fluctuations themselves. Over the past 24 hours, ETH has risen by 5.63%, and at this seemingly corrective moment, whales, corporations, and institutional investors continue to build positions. This contrast reveals the underlying logic of the market.

Long-term Buy Signals Behind Short-term Fluctuations

Whales and Institutional Accumulation Actions

According to the latest monitoring data, large buy orders in the market have not ceased despite the price drop. A whale known for high-frequency trading opened a long position on 3,477.95 ETH with 25x leverage on January 12, with an average entry price of $3,165.38, investing approximately $11 million. During the same period, the “largest PEPE long” also opened a long position on 5,618.97 ETH with 4x leverage, at an average entry price of $3,097.29, investing about $17.75 million, currently with a floating profit of $330,000.

Most of these whales’ entry prices are around $3,100, below the current price. Their continued buying not only reflects confidence in a short-term ETH rebound but also demonstrates recognition of its long-term value.

Corporate Treasury Expansion Trends

Actions at the institutional level are also noteworthy. According to recent disclosures, several listed companies have increased their ETH holdings in early January:

• BitMine Immersion Technologies added approximately 32,977 ETH, bringing their total to about 4.14 million ETH, maintaining a leading position in enterprise-level Ethereum treasuries
• Bit Digital added 31,057 ETH, increasing the company’s total Ethereum holdings to approximately 150,244 ETH
• Twenty One Capital is advancing a Bitcoin accumulation plan, expected to add at least 5,800 BTC

These continuous increases indicate that institutional investors are viewing ETH as an important component of their long-term asset allocation.

On-chain Data Reveals Market Sentiment

Increase in Staking Deposits

Whales are not only buying on the trading market but also continuously transferring ETH to beacon chain deposit contracts for staking. According to on-chain monitoring, between January 11 and 12 alone, two large transfers occurred: 28,320 ETH and 24,544 ETH respectively transferred to staking contracts. Such operations typically indicate long-term holding intentions, as staking locks assets’ liquidity.

Positive Correlation Between Trading Volume and Price

Data shows recent trading volume has increased, with price and volume rising simultaneously, indicating active trading and strong upward momentum. During the weekend, approximately 90K ETH was net bought, and this persistent buying pressure provides support for the price.

Potential Catalysts from Policy Expectations

The U.S. Senate’s review of the crypto market structure could lead to high-impact scenarios. According to 10x Research’s analysis, bipartisan breakthroughs or policy pushes may cause significant volatility in BTC prices and trigger rotation among major cryptocurrencies like ETH. While policy expectations carry uncertainties, they also open new imaginative space for the market.

Technical Support Levels

Based on 4-hour candlestick analysis, technical support levels are around $3,075.0 and $3,080.6, close to whales’ entry prices, forming strong support. Resistance levels are at $3,127.0 and $3,255.31, indicating room for further upward movement.

Summary

ETH’s short-term drop below 3300 is indeed a technical correction, but this adjustment has created buying opportunities for whales, corporations, and institutions. From whale accumulation, corporate holdings increase, staking growth, and strong on-chain data, the long-term signals in the market are far more convincing than short-term fluctuations. When large funds buy firmly amid corrections, it often signals that bigger opportunities are brewing. For investors, the key is to distinguish between short-term volatility and long-term trends and to remain rational in times of panic.