Longling Capital, an investment company known for its strategic ETH strategy of buying the dip and selling the top, has once again made an Ethereum purchase. This firm recently bought 7,000 ETH tokens, a sign of conviction that the price of the coin could go up. 

Meanwhile, Ethereum (ETH) has already shown signs of recovery as the price sits 1.2% over the last 24 hours. However, despite this surge, on-chain metrics call for caution amongst investors. 

Longling Capital’s $30M ETH Purchase

In a post on X, crypto on-chain data tracker Lookonchain observed that Longling Capital purchased a total of 7,000 Ethereum tokens earlier today. The firm spent $30.67 million for this ETH purchase. 

Longling Capital, known for buying low and selling high, just bought 7,000 $ETH($30.67M) 3 hours ago.https://t.co/gzUlc23QKo pic.twitter.com/bomgQ0JX8O

— Lookonchain (@lookonchain) August 31, 2025

This purchase aligns with the firm’s strategy of buying the ETH dip and selling the high, a plan that has been in play for the last 2 years. The buy low, sell high strategy has accumulated the firm consistent profits. 

Longling Capital’s recent purchase follows a latest liquidation of 5,000 ETH at a price of $21.56 million on August 19, 2025, as reported by Lookonchain. The on-chain data tracker also noted that over the last 2 years, the firm has sold 123,405 Ethereum worth $290 million and deposited a total of 70,800 ETH worth $248 million. This has resulted in a total of $184 million in profits over the last 2 years. 

With the latest purchase, Longling Capital further hints at a potential Ethereum price rally following the recent dip. In case the price rallies to expected levels, the firm will potentially take profits, in alignment with its strategy. 

Ethereum Price Shows Signs of Recovery 

Ethereum price has been struggling for the last few days reaching as low as $4,267 just a day ago. However, over the last 24 hours ETH has picked up momentum surging 1.23% to reach $4,452 as of this writing.

The purchases from investors like Longling Capital could further bolster the Ethereum price recovery. In fact, Consensys CEO Joseph Lubin believes that ETH could surge 100X from the current level and could flip Bitcoin’s monetary base.  

“Yes, ETH will likely 100x from here. Probably much more…Yes, Ethereum/ETH will flippen the Bitcoin/BTC monetary base,” he shared in a recent post on X. 

As reported by Blockchain News, Fundstrat’s Tom Lee recently predicted that Ethereum could surge to $5,500 in a few weeks, and $10K – $12K by year end. Lubin’s prediction aligns with Tom Lee’s ETH price prediction as he noted in his post. 

Analyst Flags $1.80B ETH Offload – Is This a Warning Sign?

While Ethereum seems to be on a recovery trend at the moment, crypto analyst Ali Charts has observed that Ethereum whales have offloaded a total of 430,000 ETH worth $1.80 billion, in a span of just two weeks. 

“In the last two weeks, whales have offloaded over 430,000 Ethereum $ETH, worth around $1.80 billion!” Ali wrote. 

Such a large number of offload signals a warning for investors. In case whales continue to offload moving forward, the price of ETH could plunge yet again. In case this happens, the coin might breach the support at $4,267 and move towards $4,000, as Ali noted in another post. 

Meanwhile, Ethereum investors must express caution as volatility is currently surging as we move into September, a month in which prices of top cryptocurrencies could be defined by Fed’s monetary policy.