Ethereum Sees Record Accumulation Despite Dip to $3,000

Ethereum experienced a significant dip below the $3,000 mark earlier today, prompting concerns among retail traders and sparking liquidations. However, large investors stepped in, accumulating over $1.12 billion worth of Ethereum in the last two days. This accumulation suggests that whales believe this is a buying opportunity, while Coinbase Premium turning negative signals weakening U.S. demand. 323,523 ETH were purchased, signaling a strong bullish signal for the future of Ethereum. Despite initial drops below $3,000, Ethereum quickly rebounded to near $3,315 before press time, indicating resistance at this level. Despite market uncertainty, this bounce suggests that the $3,000 zone remains a key support point in the short term. 📈.