My lovely people! What's up with Ethereum! Today I bring you the hot gossip about the crypto that's got us all watching closely. 👀 It turns out that the price of ETH took a nosedive today, as if a giant wave had tossed it around amid a massive sell-off in the crypto market. A situation that nobody likes! 😩

But pay attention, folks! Here comes the good news: despite the drop, it seems that the big players, financial institutions, and 'whales' (that's what we call investors who move fortunes), are loving Ethereum! So much so that they are buying as if there were no tomorrow. 🤑

Between June 10 and 12, companies like BlackRock, Grayscale, Fidelity, and Bitwise jumped into the pool and bought over 500 million dollars in Ethereum through their spot exchange-traded funds (ETFs)! Crazy! BlackRock was the standout, accumulating over 124,000 ETH during those days. These folks know where the money is! 💸

And it's not just the institutions, independent whales are also making their moves! Analyses show that in early June, wallets holding between 1,000 and 10,000 ETH increased their holdings by over 600,000 ETH in the first two weeks of the month. They are taking advantage of the dip to go all in! 💪 One of these whales, according to analyst Ted Pillows, bought over 10 million dollars in ETH! That's having faith in the project! ✨

All of this, my people, indicates that these big players are positioning themselves and expect the price of Ethereum to shoot up. On a technical level, the price of ETH is flirting with a key resistance, and if it breaks through, it could soar to $2700! 🔥 Analyst Carl Moon even shared a chart showing how ETH is just below that level. If the 'bulls' (those pushing the price up) win the battle, we could see Ethereum hit that mark which coincides with historical resistance!

At this moment, Ethereum is at $2,439, almost 5% down for the day, but it has bounced a bit from its low. So, although today hasn't been the best day, the accumulation by the big players gives us a glimmer of hope. Stay alert, because the Ethereum party might be about to start! 🎉$ETH