Why are whales buying ETH, OP after Black Monday crash?

Cryptocurrency whales are quietly moving in Ethereum (ETH) and Optimism (OP). In most other major coins, accumulation is stagnating or even decreasing. From April 4 to 6, ETH and OP saw a notable increase in large wallet holders despite market adjustments.

Such behavior often indicates early institutional confidence and suggests a potential reversal. With ETH approaching $1,400 and OP trading near a three-year low, whether whale accumulation could lead to a new upward momentum may be crucial in the coming days.

Ethereum (ETH)

From April 5 to 6, cryptocurrency whwallets accumulated accumulated ETH. The ethereum wallets holding 1,000 ,000 000 10,H5, to 5,388, indicating aulation quiet accumduring market adjustment.

Tracking these large holders is important. Their behavioriorur often often appears before advance major market movements. When whales accumulate, it indicates increasing confidence in the long--term value of the asset and and can suggest a potential trend reversal.

Number of addresses holding between 1,000 and 10,000 ETH. Source: Cryptocurrency online data platform Santiment.

If Ethereum's current downtrend continues, ETH price may fall below $1,400 for the first time since January 2023. This could could lead to deeper losses.

Optimism (OP)

From April 4 to 6, Optimism whale wal> between 10,000 and 1 million OP increased from, to 4,151. This suggests large holders are accumulating despite market adjustments.

This increase in whale activity can indicate long-term confidence in the project, even in a market experiencing strong sellingward pressure.

Such accumulation during uncertain times can be an early signal of potential price reversal. Institutional investors or high-net-worth individuals often act ahead of retail investor sentiment.

Number of addresses holding between 10,000 and 1,000,000 OP. Source: Cryptocurrency online data platform Santiment.OP is experiencing significantantt downward>the correction continues,, the token could fall below the $ level.

However, if the recent whaleelet accumulation reflects a momentum shift, OP could rebound to test the $0.65 resistance p p A breakout at that level could open a path to $0.77, and in a recovery, it might retest $0.84.