Whales Dive Deep: Ethereum’s Potential 25% Price Rebound Amid Market Turbulence
In the volatile seas of cryptocurrency, Ethereum whales are making waves with significant acquisitions, signaling a potential 25% rebound in Ether’s price. Despite the recent market downturn triggered by geopolitical tensions, these high net worth individuals are demonstrating a robust buy-the-dip sentiment.
Ethereum’s Resilience in Market Turmoil
Amidst a sharp market sell-off following US airstrikes on Iran, one Ethereum whale alone accumulated approximately $39 million worth of Ether. This move increased their total holdings to a staggering $330 million. The transactions, involving roughly 9,400 ETH, were executed in two major tranches on June 22, showcasing a strategic approach to capitalizing on lower prices.
The broader Ethereum market saw a significant downturn, with ETH’s price plummeting by about 12.80% in just 24 hours, reaching lows of $2,155. This decline was notably steeper than that of Bitcoin, which saw a decrease of around 4.70% during the same period.
The market’s negative reaction was largely due to escalating tensions in the Middle East, particularly the US military’s direct strike on Iran, which marked a significant escalation in the ongoing conflict between Israel and Iran that began with Israel’s “Operation Rising Lion” on June 13.
Strategic Accumulation by Ethereum Whales
Despite the bearish market backdrop, the whale’s activity on June 22 was not an isolated incident. Data from Glassnode indicates that Ethereum wallets holding 10,000 ETH or more have been increasing their positions, both on the day of the US airstrikes and in the days leading up to the event.
On June 21, these so-called mega-whales scooped up over 116,893 ETH, valued at approximately $265.30 million, reinforcing the sentiment that the price dip presents a buying opportunity rather than a risk too great to bear.
Potential for a Strong Rebound
Technical analysis further supports the optimistic outlook for Ethereum. Ether is currently sustaining above a crucial ascending trendline, which has historically led to significant price recoveries. Market analyst Sensei highlighted that a similar support level bounce in April-May 2025 catalyzed a 55% rally.
If this pattern repeats, ETH could see a rebound towards the $2,735 resistance level in the short term, marking an approximate 25% increase from its current price levels.
As the market continues to navigate through these turbulent times, the actions of Ethereum whales will be crucial in shaping the short-term price dynamics of Ether. Investors and market spectators alike are keenly observing these developments, hoping to gauge the future trajectory of this leading cryptocurrency.
For further insights into the evolving landscape of cryptocurrency investments and the strategic movements of major players, explore our detailed analysis on crypto talent acquisition and the broader implications for the market.
Note: This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
