🔷Ethereum’s sharp decline toward the $3,000 zone triggered a surge in whale buying. One major holder expanded their position to $1.3 billion within days, using both direct accumulation and leveraged strategies on Aave. Meanwhile, BitMine increased its reserves to 3.5 million ETH, reinforcing bullish sentiment across the market.
🔷The renewed activity among large investors is creating a strong demand floor and supporting the “buy-the-dip” narrative. A V-shaped recovery is forming on the ETH chart, and a breakout above the 100-day SMA could pave the way toward the $4,000 level. Analysts attribute Ethereum’s upside potential to technical reversal patterns and continued reductions in exchange supply.