INSUBCONTINENT EXCLUSIVE:
Key takeaways:An Ethereum whale accumulated $39 million in ETH during a sharp market sell-off triggered by US airstrikes on Iran.Ethereum
mega-whales added over 116,000 ETH on June 21, signaling strong buy-the-dip sentiment.Technical patterns suggest ETH could rebound 25%
toward $2,735 in the short term.A high net worth Ethereum trader has accumulated tens of millions of dollars worth of Ether (ETH), defying a
whalesThe wallet address 0x7355...213 purchased roughly 9,400 ETH (~$39 million) across two major tranches on June 22, boosting its total
Ether holdings to $330 million.Source: CryptoGoosIts buying occurred even as Ether emerged as one of the worst-performing top
It underperformed the top-ranking crypto, Bitcoin (BTC), which lost around 4.70% in the same period
BTC/USD four-hour price chart comparison
Source: TradingViewThe downside move came as markets digested reports of a direct US military strike on Iran, marking a major escalation in
Related: Staked Ether hits record high driven by corporate crypto treasury adoption: Finance RedefinedThe timing and scale of the purchases
the broader whale holding patterns suggests a similar upside sentiment
Ethereum wallets holding 10,000 ETH or more increased their net positions both on the day the US launched airstrikes on Iran and in the days
leading up to it.Ethereum mega-whale net position change (10k+)
Source: GlassnodeOn June 21, these mega-whales scooped up over 116,893 ETH worth $265.30 million, suggesting they viewed the decline as a
buying opportunity, not a trigger to exit.Ethereum is eyeing a 25% bounceEther is holding above a key ascending trendline that may lead to a
strong bounce in the coming days, according to market analyst Sensei.ETH/USD daily price chart
Source: TradingView/SenseiA bounce from the same support level led to a 55% rally in April-May 2025
If the pattern plays out, ETH could rebound toward the $2,735 resistance level in the short term, up about 25% from the current price
levels.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.
