Did Ethereum Digital currency Reach Its Low At $3,500? This Savvy $944M Ethereum Big investor Made Significant Purchases During The Dip
In times of extreme price swings and declining crypto prices, two options present themselves: surrender and incur losses, or HODL and achieve success. The choices are straightforward. While appearing to be cautious may seem prudent, crypto teaches valuable lessons. For instance, when ETH experiences a flash crash, usual crypto market players are often eliminated, allowing those with stronger resolve to acquire ETH at significantly lower prices.
This scenario has played out before, even just last week, and as long as ETH USDT remains a trading asset, it will undoubtedly occur again. Back in 2017, ETH reached an astonishing $1,400 before plummeting below $80. Fast forward to 2021, when it soared to over $4,900 before dipping below $1,000 in 2022. Recently, a market deleveraging event erased gains made since mid-September, with Ethereum USDT experiencing a flash crash from $4,400 to as low as $3,500 within minutes before recovering.
Currently, on Coinglass, ETH USDT is showing remarkable breakout, trading above $4,000, with the long/short ratio exceeding two on Binance. The situation is shifting quickly: itβs the shorts that are facing liquidation, not the longs. Over the last 24 hours, more than $159M in Ethereum USDT shorts have been forcefully closed on major perpetual exchanges, primarily Binance and OKX.
(Source: Coinglass)
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Ethereum USDT Price Analysis: Is It Time To Buy?
The sudden change in dynamics is unexpected. If the sellers from October 9 were authentic, a further decline could have occurred over the weekend, pushing ETH USDT towards $3,000. Instead, ETH crypto has maintained base level above the lows of September and is solid above $4,000.
Significantly, ETH crypto bulls have recovered over +60% of the losses incurred on October 9 and are placing bids higher. A full reversal might set a strong precedent for closing above $4,800 and $5,000, indicating a continuation of a positive buying trend.
On X, the weekend recovery of Ethereum has instilled confidence among investors. One user mentioned that if Ethereum USDT regains the $4,250 mark, buyers will regain control.
$ETH has reclaimed the $4,060 support level.
Currently, Ethereum is experiencing a V-shaped recovery, which is an encouraging sign.
The next crucial level to recapture is $4,250, after which bulls will dominate the market. pic.twitter.com/itW20vge9r
β Ted (@TedPillows) October 13, 2025
Another commentator remarked that the V-shaped recovery is driving sellers away. Analyzing the candlestick pattern, he believes buyers are accumulating and gearing up for the next leg up.
$Ethereum is eliminating the sellers. This setup resembles a continuation pattern ahead of the next leg up. HODL strong. pic.twitter.com/Lyx5frViVX
β πππ¦π«ππ§ ππ¬π π‘ππ« (@Karman_1s) October 13, 2025
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Did Ethereum Reach Its Bottom At $3,500? Whales Actively Purchased The Dip
If Ethereum crypto ascends, surpassing $4,250 and $4,800, such movements may yield substantial profits for one large holder.
Records indicate that despite the sell-off on October 9 leading many investors to reduce risk, Seven Sisters, recognized as Ethereum DeFi whales, notably purchased during the dip.
On Aave, they secured a loan of $40M USDC to acquire more Ethereum, marking a significant investment.
The Seven Sisters are renowned for accumulating Ethereum, particularly during substantial crypto market declines. Moreover, analysts indicate this group of whales often detects trading market bottoms accurately. Over the years, they have consistently purchased the lows, leveraging Aave to maximize their investments.
While most are reducing exposure today, the DeFi mega-whale Seven Sisters borrowed 40M USDC on AAVE and continued buying more ETH.https://t.co/PTX2nmujQW pic.twitter.com/pLldcnxRkr
β Cryptoyieldinfo (@Cryptoyieldinfo) October 12, 2025
From late February to March 2025, this whale acquired over 12,000 Ethereum when ETH USDT dropped to as low as $2,382. Subsequently, in April 2025, they added another $24,817 Ethereum when ETH USDT fell to $1,700, and on October 9, after another significant drop, they bought even more.
As of this writing, the Seven Sisters possess over $944M in various Ethereum tokens, collectively up +7% within the last 24 hours.
(Source: DeBank)
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ETH Crypto Bottom At $3,500? $944M Ethereum Large holder Acquiring
- ETH crypto is on the upswing
- ETH price fell below $3,500 on October 11Β
- ETH USDT trading exceeds $4,100 at the time of writing
- Seven Sisters, a prominent large holder entity, accumulated more ETH during the price declineΒ
The post Did Ethereum Crypto Bottom At $3,500? This Smart $944M ETH Whale Heavily Bought The Dip appeared first on 99Bitcoins.
