Ethereum declined from $4,960 to approximately $3,000 over three months, echoing a 2020 correction when the asset dropped from $490 to $308 before entering a sustained rally. Analysts are tracking whale activity, key support between $3,000 and $3,100, and resistance near $3,695 as the token recovers above $3,500.

Addresses holding between 1,000 and 10,000 BTC increased their positions by over 10,000 coins within a 24-hour period, data show. The accumulation reverses approximately one month of net outflows from these wallets. Bitcoin has declined nearly 7% over the past seven days and is currently trading below $102,000, with daily trading volume close to $70 billion.