On-chain analytics platform Lookonchain has revealed impressive accumulation activity<\/strong>. In a span of just 48 hours<\/strong>, several whale addresses have scooped up a total of 323,523 Ethereum<\/a><\/strong>, worth approximately $1.12 billion<\/strong>. These massive movements<\/strong> come precisely as ETH tests critical support levels around $3,200<\/strong>.<\/p>\n\n\n\n The largest transaction came from a whale who acquired 257,543 ETH valued at $896 million<\/strong>, at an average price of $3,480 per token<\/a><\/strong>. This monumental operation alone represents nearly 80% of the total accumulated volume<\/strong> during this period. Another group of addresses, nicknamed the “seven brothers” by Lookonchain analysts, collectively added 37,971 ETH<\/strong> to their wallets, worth approximately $133 million<\/strong>, with an average entry price of $3,515<\/strong>.<\/p>\n\n\n\n On-chain analysis also reveals the participation of a whale known for swing trading operations via OTC (over-the-counter) transactions. This address acquired 14,004 ETH<\/strong> worth approximately $45.5 million<\/strong>, with almost perfect timing. The average purchase price of $3,247<\/strong> corresponds exactly to the local bottom reached by ETH during this correction<\/strong>. Two freshly created wallets also joined the action by buying 10,000 and 4,005 ETH<\/strong> respectively, adding more than $47 million<\/strong> to this accumulation wave<\/strong>.<\/p>\n\n\n\n