Ether Bullish Divergence Signals Potential Reversal Despite Weekly Loss

I'm observing a potential bullish divergence in Ether, where despite a 10% weekly price decline, there's significant buying interest from whales amounting to $300 million. This price correction might be a temporary pullback within an overall bullish trend, especially considering the large whale accumulation indicating strong support levels. The divergence between the price drop and whale buying suggests that smart money is accumulating Ether despite short-term bearish signals. This often precedes a reversal or a sustained rally, as whales are positioning themselves for potential upside gains. Additionally, the $300 million whale buy is substantial and could serve as a strong foundation for a rebound, especially if buying interest continues. Given these dynamics, I believe the current dip could be an attractive entry point for traders anticipating a bullish reversal. Monitoring on-chain signals and whale activity will be critical, but the on-chain data suggests that Ether might experience a bullish resurgence soon, aligning with the larger crypto bullish sentiment.