#EthereumFuture
Ethereum Market Update: Whales Buy the Dip Amid Potential Downturn**
Ethereum whales seized the opportunity to accumulate during the recent price drop, scooping up over **130,000 ETH** in just 24 hours. This aggressive buying suggests strong confidence in ETH’s long-term value, despite short-term bearish pressures.
### **Ethereum at Risk: Could ETH Drop to $1,000?**
Bloomberg’s senior analyst **Mike McGlone** warns that Ethereum could face further downside, potentially falling to **$1,000** if traditional markets continue declining. Given ETH’s strong correlation with risk assets, a broader market sell-off could trigger another correction.
### **Short-Term Relief: Markets React to Tariff Pause**
The recent bounce in ETH’s price comes as markets respond positively to the **90-day pause on new tariffs**, providing temporary relief.
👉 **Key Takeaway:** This three-month window could fuel a **mid-term rally** (as previously anticipated).
**What to Watch Next:**
- A **weekly close above $1,550** would be a strong bullish signal, especially if it forms a **green hammer candle** (a classic reversal pattern).
**Bottom Line:** While whales are betting on a rebound, macro risks remain. Traders should monitor key levels and broader market trends for confirmation of a sustained recovery.
