The event of a whale buying 1 billion USD worth of Ethereum in a short time has raised expectations about the market's recovery potential. Although Ethereum has experienced a price drop, these large transactions indicate confidence from major investors, who may have seen a buying opportunity as prices fell. History also shows that large whale transactions often precede strong price increases.
Current technical indicators also show signs of stabilization for Ethereum. The weekly chart of Ethereum is testing key levels, and indicators like Ichimoku Kinko Hyo are supporting a bullish outlook. While caution is still needed for short-term fluctuations, if Ethereum can overcome key resistance levels, the recovery potential will become even stronger.
With whale activity and positive indicators, Ethereum may experience a price surge in the near future if the current trend continues. However, as with any financial market, caution remains essential.