Ether (ETH) has dropped 3.3% to $3,331, falling below the critical $3,400 support level in the last 24 hours. Despite the decline, on-chain data reveals that large holders have accumulated 394,682 ETH, valued at approximately $1.37 billion, during this price dip. The sell-off peaked at 15:00 UTC on November 6, with trading volume surging to 539,742, marking a 145% increase over the 24-hour average. Analysts suggest this accumulation could indicate a potential near-term price reversal.