<ul data-eligibleForWebStory="true"><li>Ethereum is trading steadily at $2.5K amidst escalating bearish pressure in the market with liquidations totaling $100.82 million worth of ETH.</li><li>Major assets, including Bitcoin hovering at $105.4K, are facing losses; Ethereum attempts recovery past $3K as it oscillates between $2.6K-$2.7K.</li><li>ETH saw a high of $2,609, dropped to $2,456, and currently stands at $2,537 with a market cap of $305 billion and a trading volume of $23.6 billion.</li><li>A whale bought 15,000 ETH at $2,477 each, spending 37.15 million USDC, totaling 85,465 ETH purchased at an average price of $2,584 recently.</li><li>Ethereum's death cross at $2.5K may lead to further downside, testing support at $2,492; bullish scenario involves breaking resistance at $2,557 aiming for $2,585.</li><li>The technical charts show active bearish sentiment, moderate buying pressure, strong bearish dominance with MACD below zero, CMF at 0.07, and BBP at -28.43.</li></ul>

Whale Buys the Dip: Will 85K Ethereum (ETH) Purchase Trigger a Rebound?

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