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\n\t\t\t\t\t\t\t\t\tEven hackers have started to accumulate the world’s largest altcoin after the price massacre.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Ethereum\u2019s controversial history during the time of extreme distress continues, as the asset was among the poorest performers on Friday (and overall since the correction began), dumping to a 14-month low at $1,500.<\/p>\n
After the recent FUD spread on X that ConsenSys\u2019 Joseph Lubin might be selling<\/a>, here\u2019s a portion of good news for Ethereum, including technical tools and who\u2019s buying.<\/p>\n The largest altcoin by market cap traded at over $2,400 by mid-May when the entire market seemed in a lot more favorable state, with assets charting multi-month highs. However, the subsequent rejection drove it south hard, which culminated, as mentioned, on Friday.<\/p>\n After this $900 decline, representing a near-40% drop, some technical indicators suggest a bigger rebound is in the making. The first is the TD Sequential, a metric used to determine the underlying asset\u2019s exhaustion in either direction, which has finally flashed<\/a> a buy signal on a daily chart, according to Ali Martinez.<\/p>\n The second is actually against BTC. ETH has been dipping hard against the market leader, and it dropped to 0.026 during the market-wide crash on Friday. Micha\u00ebl van de Poppe believes accumulation here could be a \u201cwise strategy,\u201d especially since \u201cyields are likely peaking in the short-term and CLARITY Act vote is around the corner.\u201d<\/p>\n There we go, 0.026 has been reached.<\/p>\n This is the area where I think accumulating $ETH<\/a> is a wise strategy, especially since:<\/p>\n \u2013 Yields are likely peaking in the short-term. The latter one is a \u2018Sell the rumor, buy the news\u2019 type of event,\u2026 https:\/\/t.co\/wuOprXjwK1<\/a><\/p>\n \u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) June 7, 2026<\/a><\/p>\n<\/blockquote>\n In addition to the technical tools, on-chain data has revealed that different sorts of investors have started to reaccumulate. The first is an Ethereum OG whale who sold at prices above $2,000 but has returned to the buying scene by purchasing<\/a> $56 million worth of the asset at under $1,570 per token. The second came from a wallet linked to Chun Wang, which accumulated<\/a> over $28.5 million worth of ETH, according to data from Lookonchain.<\/p>\n The last one outlined by the analytics company is rather intriguing, as it\u2019s not a typical investor per se. Instead, it\u2019s the anonymous hacker behind the Pando Rings attack, who spent 10 million DAI to purchase 6,234 ETH at $1,602 earlier.<\/p>\n Even the hacker is buying the $ETH<\/a> dip.<\/p>\n The Pando Rings hacker spent 10M $DAI<\/a> to buy 6,243 $ETH<\/a> at $1,602 just 6 hours ago.https:\/\/t.co\/jFwsxtU0s6<\/a> pic.twitter.com\/Cqph1Z7aLc<\/a><\/p>\n \u2014 Lookonchain (@lookonchain) June 6, 2026<\/a><\/p>\n<\/blockquote>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\nThe Technical Setup<\/h2>\n
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\u2013 Clarity Act vote is around the corner.<\/p>\nWho Is Buying?<\/h2>\n
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