Ethereum whales are showing confidence in the cryptocurrency’s future, buying significant amounts of ETH despite recent price drops. This activity signals potential for a bullish rally, with some analysts predicting a return to all-time highs. 260,000 ETH were recently bought by large investors, driving up the market value and sparking speculation about a possible price rebound. These whale transactions are further bolstered by increased investment from institutional players like BitMine, which has added billions of dollars into ETH. Furthermore, the recent surge in Ethereum-linked ETFs and Bitcoin’s massive investment from whales contribute to a positive outlook for ETH prices. Technical analysis suggests that if ETH breaks through resistance levels, it could reach $5,000-$6,000, with some seeing further gains towards $10,000-$20,000 in the coming months. However, it’s important to note that these are just projections and market behavior can be unpredictable.