Despite a market dip following Bitcoin’s record-high price, Ethereum whales are accumulating ETH. They aim to close the persistent CME gap, but will another downturn occur before a potential new ATH? 30% of traders see this as an opportunity to buy more ETH. 7-day data shows ETH prices down by 2.18%, currently trading at $4,222. The asset boasts a market cap of $509.45 billion and a 24-hour volume of $45.48 billion. Analysts remain optimistic about ETH’s potential for price recovery. While some predict a dip before reaching new ATH prices, others highlight the recent bullish momentum. Whales have been active with significant purchases from FalconX, adding $115 million worth of ETH into their portfolios in the last 24 hours according to Arkham data. Their actions are fueling hope that ETH will close its CME gap soon.