Ethereum whales showed robust buying behavior amidst a recent market downturn, with a notable purchase of approximately 9,400 ETH (worth around $39 million) by a high-net-worth trader. This occurred during a significant sell-off triggered by US airstrikes on Iran, where Ether's price fell by about 12.80%, underperforming Bitcoin, which dropped 4.70%. Despite the bearish trend, whales collectively accumulated over 116,000 ETH during this market dip, expressing strong buy-the-dip sentiment. Market analysts suggest a potential 25% rebound for ETH, predicting it could rise to approximately $2,735 in the short term, supported by a key ascending trendline in its price chart. The whale's accumulation strategy indicates a long-term outlook on ETH, viewing the price decline as an opportunity rather than a trigger for panic. Glassnode data predicts that significant whale holdings may continue to increase as they capitalize on market fluctuations, highlighting a counterintuitive bullish sentiment among mega-whales.

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