Ethereum’s price experienced a near 10% drop to $2,530 after failing to break the $2,800 resistance. However, this dip has attracted significant whale activity, with major investors accumulating ETH holdings. The influx of substantial investments is bolstering bullish sentiment in the market. Analysts are highlighting the strength of Ethereum’s fundamentals, citing high net flows as evidence of robust performance. While retail traders might be selling off at a panic pace, large players see this pullback as an opportune moment to capitalize on potential gains. 2024’s Ethereum price forecasts from leading crypto analysts suggest that the coin could hit $3,600 by June. Join our newsletter for regular updates on the market and in-depth analysis of Ethereum trends.