An Ethereum whale bought $39 million worth of ETH after it hit $2,116 support, signaling possible Q3 breakout. Despite recent market correction, whale activity spiked, with one wallet accumulating 17,070 ETH. Historical data suggests whale activity during fear marks market bottom. Ethereum’s on-chain data shows warning signs, with realized losses surging. Bullish Q3 potential but not guaranteed without momentum shift.
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