🔥 Ethereum took a hit last week, dropping 17% after the US-Iran tensions spiked — retesting the crucial $2200 support zone. But don’t be fooled by the price dip. On-chain data tells a very different story. 🚀

Despite the turmoil, $ETH usage and engagement actually increased. Big money is quietly loading up while prices are discounted. 💼

Notably, Ethereum net inflows exploded over $1.4 billion last week — far beyond other chains. Whales and institutions are scooping up ETH, with an anonymous buyer snapping up 47K ETH (~$113M) around $2400 avg price. 🐋

Even new traders are diving in with leverage longs. Smart money is betting on a rebound, especially as analysts suggest Israel may soon end its conflict with Iran — a potential catalyst for a big relief rally. 📈

BlackRock’s ETH ETF saw $40M+ inflows, highlighting continued institutional confidence. Bottom line: the race is on to stack ETH before the next major move.

Stay sharp, the dip might be your opportunity. 💎