Ethereum (ETH) Whales Buying Like 'Crazy:' Price Rise Incoming? Ethereum experienced a significant drop of over 16% in October, marking one of the worst months in its history due to market weakness, ETF exits, and a major hack into Binance. Despite heavy selling from Ethereum-linked wallets, large investors have started to accumulate ETH, with one whale buying over $63 million worth, indicating potential bullish sentiment. Analysts say that if ETH breaks above the $4,000 mark, it could trigger a major price rally, with targets set between $13,000 and $15,000 for this cycle.