Whales Scoop 323,523 ETH Amid Price Dip – Is Ethereum Price Correction Setting Up a 10K Wave?

The Ethereum price has come under renewed focus following analysts’ projections of a major rebound toward $10,000. CrediBull Crypto highlighted that the current decline is part of a healthy correction before a stronger third wave rally. Meanwhile, recent on-chain data shows whales have accumulated over $1.12 billion worth of ETH. This move reinforces long-term confidence in the asset. Despite short-term downside pressure, market sentiment remains cautiously optimistic as accumulation intensifies around key demand zones.