Ethereum Whale Scoops Up $39 Million in ETH Amid Heavy Market Selloff After US-Iran Conflict Escalates — Signals 25% Rebound Potential

Market Turmoil After US Strikes Iran

The crypto market faced sharp volatility following reports that the United States launched military strikes on Iran, fueling geopolitical tensions and risk-off sentiment across global financial markets. Bitcoin, Ethereum, and altcoins saw sudden sell pressure as investors fled to safer assets. Ethereum (ETH) briefly dipped below key support levels, triggering panic selling among retail traders.

Ethereum Whale Buys the Dip

Amidst the bloodbath, on-chain data revealed that a prominent Ethereum whale accumulated over $39 million worth of ETH in multiple transactions. Blockchain analytics platforms such as Lookonchain and WhaleAlert tracked the whale address as it strategically purchased ETH at discounted prices, taking advantage of the dip caused by market fear.

The whale’s aggressive buying not only showcased confidence in Ethereum’s long-term value, but also sent a strong “Buy the Dip” signal to market participants. Historically, such large-scale accumulation by whales has often marked local bottoms or preceded major price rebounds.

Key Technical Support and Rebound Outlook

Technical analysis indicates that Ethereum found solid support around the $2,800-$2,900 range — a zone that has acted as a crucial demand area in previous corrections. If this level holds, analysts project a potential 20-25% rebound, pushing ETH prices back toward the $3,500 region in the near term.

Indicators such as the Relative Strength Index (RSI) on the daily chart have entered oversold territory, further strengthening the case for a short-term recovery. Moreover, derivative market data shows a decline in open interest on ETH futures, suggesting that much of the leverage has been flushed out, reducing the risk of further cascading liquidations.

What’s Next for Ethereum?

Despite short-term geopolitical risks, Ethereum’s fundamentals remain intact. The network’s continued growth in Layer 2 adoption, DeFi activity, and institutional interest could support ETH’s resilience. The whale accumulation highlights that smart money views the current dip as a buying opportunity rather than a reason to exit.

However, traders should monitor headlines around the US-Iran conflict and global market reactions closely, as prolonged tensions could spark renewed volatility.

Popular posts from this blog

AppLovin: The Adtech Engine Powering App Monetization — and a 9-Bagger in Four Years

Trump Vows to Keep the U.S. No. 1 in Crypto as China Ramps Up Its Push

CME Sees 91.9% Odds of a 0.25% Fed Rate Cut in October

OKX Review 2025: Fees, Features, Security, and How to Sign Up (Step-by-Step)

Warning! BTC Faces a Potential Downtrend After the Violent Sell-Off on October 10