Whale Scoops Another $39.9M ETH As Ether Holds Strong at $3,200-$3,300 Price Range, Can It Flip This Support To $4k Resistance?

Today, market analyst Lookonchain spotted a whale known as 0x3952 who has purchased another 12,000 ETH worth $39.98 million earlier today. Recently, the whale bought another patch of ETH tokens, though with unspecified value. The analyst data shows that this large investor currently holds 80,979 ETH valued at $270 million, with total profits of $47.5 million due to the Ether price increase over time.

According to Lookonchain data, this whale started acquiring Ether back on June 22, 2025, and since then, he has so far bought a total of 116,000 ETH worth $364 million from Binance at an average price of $3,138. Over time, he has deposited 35,021 ETH tokens back into the exchange (valued at $141.3 million), selling them at an average price of $4,035. The above market transactions enabled him to accrue the current unrealized returns.

The Implications of This Whale’s Activity

This whale’s substantial floating gains come amid a wider market rally, showcasing the capability for significant returns in the current bullish environment. This seasoned investor’s market activity indicates that patience pays off. His latest acquisition shows strong buying pressure among big investors, highlighting sustained token accumulations by large holders, a major signal that the current ETH price range provides savvy investors with a strategic entry avenue.

Since the beginning of the new year, Ethereum surged its price above the $3,000 level, displaying signs of decisive actions (among investors and traders alike) beneath the surface. This substantial milestone signals a strong accumulation phase and an imminent market spike. Despite short-term volatility, the accumulation trend reflects that Ethereum is laying the foundation for a potential significant rise as institutional appetite continues to bolster enthusiasm.

ETH price, which currently fluctuates around the $3,200 and $3,000 level, is viewed by multiple market analysts as an important entry zone for strategic, long-term accumulations. Today, the ETH price currently trades at $3,329, not only up in the last 24 hours, but also up 2.4% and 5.9% over the past week and month, respectively. Its trading above the $3k level is more than a psychological threshold; it functions as a crucial support level and an indication of market resilience.

Why Ether Price Aims at $4,000 Target

By reclaiming the $3,200-$3,300 level, Ether shows the capability to push its price back to $4,000 soon. The altcoin has spent almost the last two weeks trading within the $3,200-3,300 range, raising hopes about its strong ability to bolster its bullish momentum above the $4,000 resistance. Recent Fusaka network upgrade, continued investor buying activity, and strong TVL appear to project that a sustained breakout is looming.