Key Insights Ethereum news tracked by Lookonchain revealed an ETH whale sold 16,700 ETH for roughly $30.94 million at an average price of $1,852.45. An Ethereum Foundation-linked wallet, 0x5C
Large-scale wallet movements split sharply between capitulation selling and dip accumulation on Nov. 13 and Nov. 14 as the Ethereum price traded below the $2,000 threshold.
On-chain tracking from Lookonchain on X highlighted over $34 million in major whale and foundation-linked disposals offset by nearly $39 million in institutional and whale purchases.
According to Lookonchain on-chain data, a large holder withdrew approximately 8,876 ETH from decentralized lending protocol Aave before swapping 16,700 ETH for $30.94 million in USDT via CoWSwap at an average execution price of $1,852.45.
The transaction marked a notable capitulation event, as the same ETH whale had accumulated 8,631 ETH, worth roughly $23.67 million at an average price of $2,743, just one month earlier.
Separate tracking showed another address funded via Tornado Cash sold 1,499.5 ETH for nearly $3 million at an average price of $1,998.
Meanwhile, an Ethereum Foundation-linked address labeled 0x5CBC offloaded an additional 2,000 ETH, valued at roughly $3.87 million, followed by another 1,000 ETH tranche, worth $1.9 million, on Nov. 14.
Source: TradingView
That extended the wallet’s five-day selling streak to 5,000 ETH, bringing its cumulative disposals since Oct. 26 to 7,785 ETH worth $16.35 million while leaving 10,000 ETH remaining in the address.
Despite heavy selling pressure highlighted in recent Ethereum news, two prominent accumulation wallets stepped in to absorb 20,146 ETH across consecutive sessions.
On-chain monitoring confirmed that whale address 0x4cee purchased 10,380 ETH for approximately $19.91 million during the downturn.
Following the acquisition, wallet 0x4cee increased its total balance to 25,498 ETH, worth roughly $49.44 million at an average entry cost of $2,382 per token, resulting in an estimated $11.3 million unrealized loss.
Simultaneously, the well-known whale entity 7 Siblings purchased 9,766 ETH at an average price of $1,933, expanding its three-day accumulation total to 20,558 ETH valued at $40.88 million.
Ethereum News – Buyers Absorbing ETH | Source: Lookonchain
Historically, 7 Siblings has followed a counter-cyclical trading strategy of accumulating Ether during pullbacks exceeding 10% and trimming exposure after double-digit rebounds.
The tug-of-war between sellers and dip-buyers unfolded as the Ethereum price hovered near $1,906 on Nov. 14, down roughly 2.3% over 24 hours and 15% over the past seven days.
Broader headwinds from U.S. spot Ether exchange-traded funds continued to weigh on spot market liquidity, with Farside Investors data showing six consecutive days of net outflows totaling roughly $531.9 million.
Technical desks noted that the Ethereum price faces immediate horizontal support at the $1,900 level, with a breakdown below that threshold exposing the $1,800 zone.
On the upside, analysts emphasized that bulls need a sustained daily reclaim above $2,000 before challenging descending resistance between $2,200 and $2,300.
Traders continue to watch on-chain ETH whale flows alongside daily ETF settlement figures for signs of broader market stabilization.
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