Ethereum is seeing heavy accumulation by large investors despite market volatility and the recent correction in ETH. An unidentified whale spent $62.97 million in five hours to acquire 27,553 ETH at an average price of $2,286. Another whale, identified by the address 0x9EcA, deployed $37.96 million in USDC within two hours to buy 16,658 ETH at an average price of $2,279 and continued accumulating afterward. On November 2, ETH was trading around $2,288, below several moving averages, with $2,200–$2,250 serving as a key support zone and $2,350–$2,450 representing resistance.
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