Ethereum market dynamics shifted decisively as aggressive accumulation resumed following a period of substantial liquidation. The asset traded near $1,630 in the latest session, maintaining stability despite earlier volatility. This price action coincided with the return of a significant market participant who had previously executed massive sell orders. The strategic re-entry occurred after the asset dipped below the critical $1,600 level, signaling a potential bottoming process for the broader market.

The investor in question had previously offloaded holdings exceeding $141 million when prices hovered near $2,040 roughly one week prior. In a dramatic reversal of strategy, this entity deployed approximately $65.5 million over a 48-hour window to acquire 42,011 ETH. Data compiled by Woofun AI indicates that these purchases were concentrated strictly below the $1,600 mark, suggesting a calculated bet on immediate price recovery rather than passive holding. The timing of these transactions highlights a divergence between short-term market sentiment and long-term capital allocation strategies.

Blockchain analysis reveals that these acquisitions were executed through Cow Protocol settlements, utilizing USDC balances to directly purchase ETH. One specific transaction involved the exchange of nearly 2,444 ETH valued at almost $3.89 million, while another moved close to 1,186 ETH worth $1.89 million. These figures represent only a fraction of the total activity, as the whale fragmented the order flow across numerous multi-million-dollar executions. This fragmentation strategy is a standard tactic among large market participants designed to minimize slippage and reduce visible market impact during heavy accumulation phases.

Concurrently, on-chain data showed significant movements in stablecoin liquidity to fuel these purchases. A single transfer recorded approximately 11.345 million USDC moving into the ecosystem, reflecting the scale of capital deployment within this compressed timeframe. The influx of liquidity provided the necessary fuel for the price recovery observed during the session. Woofun AI notes that such deliberate positioning often precedes sustained upward momentum, as it removes selling pressure from the immediate order book.

Price action during the session reflected this underlying shift in supply and demand. Early weakness pushed ETH down to approximately $1,567 before finding support between $1,535 and $1,540. As downside momentum subsided, buyers stepped in, confining the asset to a tight consolidation range between $1,555 and $1,560 for several hours. Selling pressure gradually evaporated during this phase, allowing the price to reclaim resistance near $1,575. This technical breakout triggered an acceleration in momentum, propelling the asset above the psychological $1,600 threshold.

The recovery structure was further reinforced by the formation of higher highs and higher lows throughout the trading day. ETH advanced past $1,620 and approached the $1,640 level with minimal resistance from profit-taking activity. The $1,600 zone has now established itself as a vital support area, with secondary support identified between $1,575 and $1,580. Although trading volume for the session remained lower than the previous day, the reduction in selling pressure facilitated a steady upward trajectory. Woofun AI analysis suggests that the combination of whale accumulation and technical stabilization creates a robust foundation for potential further appreciation in the near term.