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\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\n The post The Good News for Ethereum (ETH) After Collapse to $1.5K: Details<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" 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. After the recent FUD spread on X that ConsenSys\u2019 Joseph Lubin might be selling, here\u2019s a portion of good news for Ethereum, […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-176398","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/176398"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=176398"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/176398\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=176398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=176398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=176398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The Technical Setup<\/h2>\n
\n\u2013 Clarity Act vote is around the corner.<\/p>\nWho Is Buying?<\/h2>\n