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Ethereum Price Forecast: Pullback Sparks Bullish Sentiment and Whale Action

  • Ethereum price dropped nearly 10% to $2,530 after failing to break the $2,800 resistance, leading to a correction.
  • Significant whale purchases of Ethereum, with a stockpile of 1 million ETH worth over $2.5 billion, indicate bullish sentiment.
  • Ethereum demonstrates strong fundamentals with the highest net flows compared to other blockchains, attracting market attention.
  • Analysts predict a bullish trend for Ethereum with a potential price target of $3,600 by the end of June, supported by positive market sentiment.

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