A significant Ethereum whale, previously inactive for four years, has purchased $28 million worth of Ether, leading to a bullish outlook in the crypto market. This whale withdrew 6,334 ETH from the exchange Kraken as Ethereum's price decreased by over 13%, causing speculation of accumulation rather than selling pressure. Other whales have also shown similar patterns of accumulation, with substantial transactions from exchanges like Bitstamp signaling sustained interest in Ethereum. Notably, ETH's rebound from a summer low of approximately $3,350 to above $4,000 is being perceived as a 'V-shaped' recovery, similar to past bullish run patterns. Analysts forecast potential price targets around $7,500 to $20,000 by year-end, bolstered by increased demand and significant inflows into Ethereum ETFs. The general market sentiment suggests that current price dips are viewed as buying opportunities, indicating a strong expectation for Ethereum's growth in the coming months.

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