Large Ethereum investors known as whales have been quietly accumulating billions of dollars worth of the asset following a recent price dip. Recent activity from these whales on exchanges indicates confidence in future price growth, with over 16,000 ETH valued at nearly $32 million withdrawn recently. This accumulation comes after a significant drop in Ethereum’s price, which has dropped by almost 12% within just four days. Analysis suggests that the asset is poised for a strong rally towards a long-term target of $15,000. Key technical levels are being tested as analysts like Crypto Patel and Michaël van de Poppe see this as a potential bullish breakout point after April’s market cycle analysis.