Despite ETH's fall exceeding that of Bitcoin, Ethereum whales have still accumulated 39 million dollars.

According to Gate News and TapChiBitcoin, despite escalating tensions in the Middle East and new signs of risk aversion leading to a general market downturn, a high-net-worth Ethereum (ETH) trader has still accumulated tens of millions of dollars in Ether. Wallet Address 0x7355…213 made two large purchases on June 22, acquiring approximately 9,400 ETH (about $39 million), bringing its total holding of Ether to $330 million.

(Source: Arkham Intelligence)

Despite Ethereum being one of the worst-performing cryptocurrencies in the past 24 hours, buying interest has still emerged. This bearish trend coincides with the market digesting reports of the U.S. conducting direct military strikes in Iran, marking a significant escalation in the conflict between Israel and Iran, which began on June 13 with Israel's "Operation Rising Lion."

Despite the bearish market, whales are still actively accumulating ETH and locking it through Lido's liquid staking protocol. The timing and scale of purchases indicate that whales view this sell-off as a long-term "buying opportunity" rather than panic.

Glassnode's data tracking the holding patterns of whales also shows similar bullish sentiment. On the day of the U.S. airstrikes on Iran and in the days leading up to it, Ethereum wallets holding 10,000 ETH or more increased their net holdings.

(Source: Glassnode)

On June 21, these giant whales accumulated over 116,893 ETH, worth $265.3 million, indicating that they view this drop as a buying opportunity rather than a trigger to exit.

Ethereum is expected to rise by 25%

According to market analyst Sensei, Ethereum is currently above the main upward trend line and may form a strong rebound in the coming days.

The rebound that started from the same support level previously generated a 55% rebound between April and May 2025. If this pattern is realized, ETH may rebound to a resistance level of $2735 in the short term, representing an increase of about 25% from the current level.

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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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GateUser-2311981dvip
· 3h ago
Hold on tight, we're taking off to da moon 🛫
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GateUser-2311981dvip
· 3h ago
Hold on tight, we're taking off to da moon 🛫
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GateUser-2311981dvip
· 3h ago
Hurry up and enter a position! 🚗
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LuckyStarvip
· 3h ago
Steadfast HODL💎
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