<ul data-eligibleForWebStory="true"><li>Ethereum experienced a 13% price crash due to Middle East tensions, while a whale bought $39 million ETH on June 22.</li><li>Mega-whales gathered over $263.5 million in ETH on June 21, showing confidence in Ethereum despite the market sell-off.</li><li>Institutional players and whales see the price drop as a buying opportunity instead of weakness, hinting at insider knowledge.</li><li>Technical analysis indicates potential 25% price rise in Ethereum if it breaks above $2,850, with $2,350 as a strong support level.</li><li>A whale opened a $97 million short position on Ethereum, suggesting bearish sentiment, but a breakout above $2,850 could change the scenario.</li><li>The Ethereum market is currently cautious, with low open interest signaling a potential for a significant price movement in the near future.</li></ul>

Whales Double Down on Ethereum With $39M Purchase: Do They Know Something?

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