Major Ethereum investors executed significant accumulation during a recent price downturn, scooping up more than $263 million worth of ETH as geopolitical tensions triggered market volatility. Ethereum’s price declined approximately 12.8% to near $2,155 following U.S. airstrikes on Iran, creating buy-the-dip opportunities for large-scale holders.
Notably, a single whale address acquired approximately 9,400 ETH (valued at $39 million) during this period, expanding its total holdings to an estimated $330 million in Ether. Concurrently, wallets holding over 10,000 ETH collectively added more than 116,000 ETH—equivalent to roughly $265 million—in a single day of concentrated buying activity.
Technical analysis indicates Ethereum could rebound toward the $2,735 resistance zone, representing a potential 25% upside from current levels. This optimism coincides with increased ETH deployment through liquid staking protocols such as Lido, signaling strengthening confidence in Ethereum’s staking infrastructure.