Ethereum Holds Above $3,300 Support Following 12% Weekly Decline as Whale Accumulation Reaches $2.53 Billion

Ethereum stabilized above the $3,300 support level after a 12% weekly decline. The cryptocurrency briefly dropped to $3,000 on November 4 before recovering to approximately $3,400. On-chain data reveals significant whale accumulation, with one treasury company acquiring over 744,600 ETH worth $2.53 billion since October 5.