While most traders panicked during the latest crypto market dip, an Ethereum whale made a bold move—buying $39 million worth of ETH. This comes as Ethereum dropped over 12.8%, underperforming even Bitcoin, which fell just 4.7% during the same period.
📉 The sell-off was triggered by rising geopolitical tensions, particularly US airstrikes on Iran, fueling risk-off sentiment across markets. Yet instead of selling, major ETH holders are doubling down.
💼 Whale Wallet Buys Big — and Stakes It
According to on-chain data, the whale behind wallet 0x7355…213 purchased 9,400 ETH in two large transactions on June 22, bringing total holdings to $330 million.
Even more notably, this ETH is being actively deployed via Lido’s liquid staking protocol, a strategy that suggests the whale is positioning for long-term gains and passive yield — not short-term flipping.
📊 Whales Are Accumulating, Not Exiting
And it’s not just one whale. According to Glassnode, wallets holding over 10,000 ETH saw a net increase of 116,893 ETH (worth over $265M) on June 21 alone.
This “buy-the-dip” behavior suggests confidence in ETH’s long-term fundamentals — even amid short-term chaos.
📈 Is a 25% Rebound Coming?
Technical analysis supports the bullish case. Market analyst Sensei points to an ascending trendline ETH is holding, which historically acted as a launchpad for a 55% rally in April–May 2025.
If history repeats, Ether could rebound to the $2,735 resistance level, which marks a 25% increase from its current price of around $2,239.
⚠️ Key Takeaways for Traders
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Whales are buying — not selling — during the dip.
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ETH is holding a critical ascending support trendline.
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Analysts expect a 25% rebound to $2,735 if support holds.
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Large ETH holders are turning to staking strategies to earn while waiting.
If you’re a long-term investor, this might be a strategic accumulation zone rather than a time to panic.
Stay updated on more whale moves and ETH technicals at https://cryptodicenews.blog
