🐋 Ether Bullish Divergence? ETH's 10% Weekly Price Loss Clashes With $300M Whale Buy 🚀
Ethereum (ETH) has faced a sharp 10% price drop this week, breaking its impressive five-week winning streak as broader market jitters spooked traders. But while retail investors are selling in fear, a crypto whale has stepped in — purchasing a staggering $300 million worth of ETH, signaling strong long-term confidence.
According to Arkham Intelligence, this massive buy-the-dip move by a single entity showcases a bullish divergence: the price action reflects weakness, but whale activity suggests otherwise.
ETH briefly dipped under $3,400, pressured by profit-taking and macro headwinds like the strengthening U.S. dollar and disappointing U.S. jobs data. In contrast, Bitcoin (BTC) remained more resilient, dropping only 4.5%, hinting at a shift in market sentiment against Ethereum.
Still, the whale's bold accumulation sends a clear message: smart money is preparing for a rebound, taking advantage of panic-driven sell-offs.
As weak hands exit, high-conviction players seem to believe this is merely a temporary setback for ETH’s longer-term growth trajectory.
According to Arkham Intelligence, this massive buy-the-dip move by a single entity showcases a bullish divergence: the price action reflects weakness, but whale activity suggests otherwise.
ETH briefly dipped under $3,400, pressured by profit-taking and macro headwinds like the strengthening U.S. dollar and disappointing U.S. jobs data. In contrast, Bitcoin (BTC) remained more resilient, dropping only 4.5%, hinting at a shift in market sentiment against Ethereum.
Still, the whale's bold accumulation sends a clear message: smart money is preparing for a rebound, taking advantage of panic-driven sell-offs.
As weak hands exit, high-conviction players seem to believe this is merely a temporary setback for ETH’s longer-term growth trajectory.
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ETH
3,709.8
+6.07%