Ethereum Reclaims $3,000 as Whales Accumulate $1B: Why Now Could Be a Good Time to Buy

Ethereum has struggled over the past few months. After hitting $4,953 on August 24, it has progressively made lower lows and lower highs, eventually slipping below $3,000 on Monday, marking its worst performance since mid-July.

However, ETH is now showing signs of a promising sentiment shift, as its price has rebounded back above $3,000 – signaling a resurgence of bullish appetite. Could this be the beginning of a broader recovery?

While Wall Street ETFs have not yet stopped selling Ether, on-chain data shows that whales have stepped in, reportedly accumulating over $1 billion of Ethereum tokens during the recent dip.

There have also been whale rotations into a new Ethereum-based meme coin called Maxi Doge (MAXI), a presale-stage project that blends DeFi, meme culture, and community incentives. Let’s look at why this could be a good time to buy Ether, and why whales are also investing in MAXI.

This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page.

Whales Buy the Ethereum Dip

Wednesday’s broader crypto market rebound has been supported by a spike in whale investments into both Ethereum and Bitcoin.

The number of wallets holding 1,000 or more BTC surged to 1,384 this week, a level last seen four months ago, per Glassnode data. Meanwhile, whales accumulated over $1 billion in Ethereum during the recent dip, according to a report from institutional market intelligence firm 10x Research.

This underlines a unique interplay between influential market forces. While general sentiment is in “extreme fear,” and traditional investors on Wall Street are unloading, on-chain whales – arguably the most well-versed class of crypto investors – are rapidly accumulating as the dip continues.

Are these on-chain whales onto something? Judging by today’s rebound, it certainly appears that this might be the case. Furthermore, we’ve identified several reasons ETH might extend its rebound, making now a solid entry point for investors to reenter the market.

A Perfect Storm: Ethereum’s Fusaka Upgrade, Macro Cycles, and Low Price

Ethereum will move toward its Fusaka upgrade on December 3, 2025, a development regarded as one of the most important changes to Ethereum’s code in years.

It introduces twelve Ethereum Improvement Proposals (EIPs) focused on scaling, network efficiency, and data management. Most notably, it will expand Ethereum’s block capacity from 45 million to 150 million gas units, thereby significantly increasing transaction bandwidth.

The last Ethereum upgrade, Pectra, preceded a 53% surge in Ethereum’s price in 2025, signaling that Fusaka might be the next catalyst to kickstart an Ethereum rally.

And there’s more: while macroeconomic conditions have been difficult lately, there has been a rise in expectations of a rate cut at December’s FOMC meeting, with Polymarket bettors increasing odds by 9% in the last 24 hours, from 44% to 53%.

Should these odds keep rising, crypto will begin to price in the rate cut, adding another tailwind to whale purchases and anticipation for Fusaka.

Tying all this together, Ethereum is trading at a key discounted level around $3,000. Not only is this a strong area of interest, but it’s also 38% below ETH’s August all-time high (ATH), providing plenty of upside potential if bullish catalysts continue to advance.

All of this is why right now could be an excellent entry point to buy ETH and Ethereum-based altcoins. Alongside Ethereum, one project whales have been buying heavily on-chain is Maxi Doge (MAXI).

Top Analyst Predicts Maxi Doge Could 100x

Maxi Doge (MAXI) is a new project that’s bringing Dogecoin energy, DeFi utility, and generous community rewards to Ethereum.

Branded as Dogecoin’s 1000x leverage trading younger cousin, Maxi Doge ties in perfectly with modern-day “degen” culture. But its tangible utilities are even more important. Plans include integrating MAXI into futures trading platforms, and running weekly trading competitions with USDT and MAXI rewards up for grabs.

Then there’s a staking mechanism that currently offers a whopping 76% APY. For reference, that’s around 10x the staking APY that Ethereum offers, and likewise far more than what you can get with the likes of Shiba Inu or Floki.

The team will also run community activation events where MAXI holders can earn free tokens by completing quests, though more details on this feature are still pending.

Right now, MAXI is available to buy at presale, and it has already raised an impressive $4 million, showing that whales are willing to bet big. This fundraising success has drawn attention from top analysts, with Alessandro De Crypto suggesting MAXI could see 100x gains once it hits the open market.

If Ethereum can continue its run here and rally from the $3,000 support level, there’ll be more ecosystem liquidity to help on-chain tokens surge as well.

The fact that MAXI has continued to draw attention even while ETH has struggled suggests it could be one of the biggest beneficiaries as the rebound unfolds.