Ethereum News Update: Major Ethereum Holders' Recent Buying Strategy Results in $18.97M Loss Amid Ongoing Market Fluctuations

Ethereum (ETH) holders are witnessing a striking example of market turbulence as a notable whale group known as "7 Siblings" endures an unrealized loss of $18.97 million following an aggressive accumulation campaign. On-chain data reveals that since October 11, this entity has invested $174 million to acquire 49,287 ETH at an average price of $3,531 per coin,

. Their most recent action saw them borrow $11 million in USDS through Protocol to buy 3,496 ETH at $3,147 during a recent market dip, .

The approach taken by "7 Siblings" exemplifies a typical strategy of buying the dip, where major investors accumulate assets during downturns in hopes of future gains. Yet, the overall crypto market has remained unstable,

amid broader economic headwinds and profit-taking. Since Sunday, ETH investors have locked in over $500 million in gains and $100 million in losses, according to Santiment, underscoring the market’s delicate balance. The token is now trading near important support, to a slide toward $2,850—a level that may prompt further selling from whales whose average entry is around $2,900.

The situation faced by this group highlights the inherent risks of holding through sharp market swings. , the "7 Siblings" have not sold any holdings, showing strong confidence in ETH’s long-term prospects. Still, their current $18.97 million unrealized loss demonstrates the potential downside of such tactics. often come before significant sell-offs, as was the case in late January when ETH plunged over 50% from the $3,200–$3,500 range.

Wider market forces add further complexity. Although a resolution to the US government shutdown briefly sparked a crypto rally—

—the momentum was short-lived. ETH’s 24-hour trading volume reached $44.35 billion, reflecting intense volatility, while major coins showed mixed results: jumped 7.16%, whereas and Hyperliquid saw declines . This divergence illustrates the difficulty of timing investments in a market influenced by macro trends, regulatory changes, and retail behavior.

For the "7 Siblings," the future depends on ETH’s ability to remain above crucial psychological levels. Blockchain data indicates that ongoing purchases by large investors have helped absorb recent selling, but

. At the same time, the group’s average entry price of $3,531 , so a decisive move higher could trigger a short squeeze in ETH futures.

The story of "7 Siblings" encapsulates the high-risk, high-reward nature of crypto investing. As

approaches a pivotal moment, the outcome of this $174 million wager will likely be shaped by the interplay of institutional buying, market sentiment, and global economic factors—determining whether it becomes a tale of recovery or a warning for others.