Key takeaways:
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An Ethereum whale accumulated $ 39 million in ETH during a sharp market-off market triggered by US airstrikes in Iran.
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Ethereum Mega-Shales added more than 116,000 ETHs on June 21, which signed a strong buy-the-DIP sentiment.
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Technical patterns suggest ETH can bounce 25% to $ 2,735 in the short term.
A high net trader of Ethereum accumulated ten -ten million dollars ether’s worth of ether (Eth), the decline in a broader market collapse that has been raised by increasing tensions in the Middle East and fresh signs of risk prevention.
Ether’s sharp fall failed to fear whales
The wallet address 0x7355 … 213 bought nearly 9,400 ETH (~ $ 39 million) throughout the two main branches on June 22, which strengthened the total ether it held at $ 330 million.
Its purchase occurred even when Ether appeared as one of the worst performance leading cryptocurrencies in the past 24 hours.
ETH price fell by approximately 12.80% in the past 24 hours to reach less than $ 2,155. Its underperformed its the leading rank of crypto, bitcoin (Btc), which has disappeared around 4.70% at the same time.
Downside Move arrives as markets have dug up reports a direct US military strike in Iran.
The whale actively accumulated the ETH and sent it through Lido’s liquid staking protocol across the bearish backdrop.
The timing and size of purchases suggest that the whale views the sale as a lasting “Buy the dip“Opportunity rather than a reason for panic.
Glassnode data that monitors wider whale handling patterns suggest a similar regional upside down.
Ethereum wallets holding 10,000 ETHs or further increased their net positions both the day the US launched the airstrikes in Iran and the days leading to it.
On June 21, these mega-everythingles rose more than 116,893 ETHs worth $ 265.30 million, suggesting that they viewed the refusal as a purchase opportunity, not a trigger to exit.
Ethereum is looking at a 25% bounce
Ether holds above a basic ascending pace that can lead to a strong bounce in the coming days, according to Market Analyst Sensei.
A bounce from the same support level led to a 55% rally in April-May 2025. If the pattern performs, the ETH can clash to $ 2,735 short-term resistance levels, up to 25% from the current price levels.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
