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- Ethereum whales continue to aggressively accumulate ETH amid falling prices.<\/li>\n
- The dip below $2,000 offers an attractive entry point for bulls.<\/li>\n
- Ethereum price touched intraday lows of $1,930 on Wednesday, February 11, 2026.<\/li>\n<\/ul>\n
Ethereum has dipped below the $2,000 level again, with a 3% decline in the past 24 hours pushing the top altcoin to lows of $1,930 in early trading on February 11, 2026.<\/p>\n
The decline mirrored Bitcoin\u2019s retreat below $67,000, with the bellwether digital asset down 3% over the same period, trading around $66,805.<\/p>\n
But despite the strong bearish sentiment across the cryptocurrency market, whales appear unfazed and are using the dip to aggressively add to their positions.<\/p>\n
Ethereum whales buy the dip near $2k<\/h2>\n
On-chain data shows Ethereum has attracted aggressive whale accumulation for several months, despite a sharp decline in the altcoin\u2019s price.<\/p>\n
According to details shared by CryptoQuant on X, large holders began ramping up their positions in July 2025.<\/p>\n
This trend has continued even as the ETH price plunged from its peak amid a bearish flip in the last quarter of the year, with inflows into accumulation addresses hitting record highs amid sustained buying.<\/p>\n
Notably, analysts say the loading up has continued after the ETH price fell below the realized value of accumulation addresses.<\/p>\n
This scenario also played out in April 2025, when the Ethereum price plunged to lows of $1,470 amid a broader market correction.<\/p>\n
However, bulls quickly recovered as whales bought the dip, and the altcoin\u2019s price went on to touch its all-time high near $5,000 in August 2025.<\/p>\n
Recent data shows exchange balances have fallen to multi-year lows, with whales adding to their holdings as retail sells amid broader market panic.<\/p>\n
This pattern persists as prices falter in early 2026.<\/p>\n
With whales\u2019 buying power intact, current levels are attractive, which has seen entities like Bitmine Immersion Technologies fully take advantage.<\/p>\n
The company recently added over 40,600 ETH and currently holds over 4.3 million Ether tokens acquired at an average price of $2,125.<\/p>\n
Of this, it has staked over 2.97 million ETH, which accounts for more than 68% of its holdings.<\/p>\n
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Tom Lee(@fundstrat<\/a>)’s #Bitmine<\/a> is still buying $ETH<\/a> and staking it.<\/p>\n
5 hours ago, #Bitmine<\/a> staked another 140,400 $ETH<\/a>($282M).<\/p>\n
In total, #Bitmine<\/a> has staked 2.97M $ETH<\/a>($6.01B), 68.7% of its total holdings. pic.twitter.com\/R13lzSIQmE<\/a><\/p>\n
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