🟣Ethereum recently experienced a sharp drop of nearly 10%, falling below key support levels. However, during this decline, whales increased their holdings by 1.49 million ETH, bringing their ownership to 26.98% of the total supply. This accumulation may signal institutional confidence in the asset’s medium-term growth potential.
🟣Analysts see signs of a possible rebound: if Ethereum breaks out of its current range, it could target $3,200 as early as next month. Meanwhile, support around $2,100 remains critical. The technical setup remains encouraging, with chart patterns suggesting a potential bottom and the beginning of a new upward impulse.