<ul data-eligibleForWebStory="true"><li>Ethereum experienced volatility amid escalating Middle East tensions, dropping to $2,100 but rebounding above $2,400 after reports of a ceasefire.</li><li>A major whale entity bought $8.91 million worth of ETH, totaling $422 million in purchases over three weeks, showing strong conviction in Ethereum's potential.</li><li>The accumulation trend by whales suggests a positive long-term outlook for Ethereum, potentially setting the stage for a significant market move when conditions stabilize.</li><li>Ethereum surged 14% post-ceasefire, indicating bullish momentum as market participants anticipate the next decisive move for the cryptocurrency.</li><li>Despite the rebound, caution lingers due to macroeconomic concerns, such as the possibility of a US recession, high Treasury yields, and a hawkish Federal Reserve stance.</li></ul>

Ethereum Whale Loads Up: $422M In ETH Bought In Under a Month

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