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

The Ethereum price has come under renewed focus following analysts’ projections of a major rebound toward $10,000. CrediBull Crypto emphasized that the ongoing downturn is a healthy correction of a larger third wave rally. In the meantime, according to recent on-chain statistics, whales own more than 1.12 billion dollars of ETH. This action strengthens the trust in the asset in the long run. Although the market is experiencing the short-term downside pressure, the market sentiment is still cautiously optimistic as accumulation continues to build around the main demand zones.

Ethereum Price Action Shows Short-Term Weakness Before Major Upside Setup

CrediBull Crypto’s latest analysis suggests the current Ethereum price correction could be a critical prelude to a major rally that propels the coin toward the $10,000 mark. The analyst described that Ethereum is currently in its subwave 2, which is a normal mid-cycle retracement that restructures the market before an explosive wave 3 surge. 

In addition, he pointed out that re-entry into the $2,800 zone would be the most strategic accumulation point since the $1,500, which would provide the best environment to allow long-term investors to re-enter. This trend, he said, is similar to the previous bullish formations in the past where sharp pullbacks were followed by historic rallies. 

Therefore, the future Ethereum price projection remains bullish, as the current correction appears to be the final shakeout before Ethereum begins its next impulsive wave toward a five-digit valuation.

Deeper Dive into Analyst Projections and Chart Structure

The chart has a clear downward pattern indicating temporary domination by sellers, but also indicates a maturing correction period.  The DMI indicator shows that the bearish pressure is still high but its strength is declining, which indicates that it might reverse soon around the launch zone of 2,800.

This level coincides with a historical demand zone whereby buyers have reclaimed dominance several times, and it is a turning point of the previous rallies.  Should Ethereum manage to recover out of this launch zone, the next step might drive it even higher than 3,906, 4,290 and 4,959, which can support the assumptions of a new impulsive growth.

A recovery like this would confirm the analyst’s belief that the current correction is preconditioning Ethereum to the 10K wave that it is projected to have.

Whale Accumulation Reinforces Confidence in Ethereum’s Long-Term Outlook

Whale activity has surged notably over the past week, coinciding with Ethereum’s dip toward key technical supports. Lookonchain reported that whales purchased more than 323,000 ETH—valued at approximately $1.12 billion—over two days, signaling renewed accumulation at perceived bargain levels. This influx demonstrates that large holders view the current price range as an attractive entry before the next impulsive wave predicted by analysts.

Meanwhile, institutional involvement continues to strengthen confidence further. Coin Bureau revealed that Tom Lee’s BitMine Immersion expanded its Ethereum holdings by an additional $300 million, raising its total exposure to $13.7 billion.  

Adding to this narrative, SharpLink accumulation of $78.3 million worth of ETH from FalconX further reinforces that smart money continues to buy the dip. This sizable accumulation, especially amid market corrections, aligns with the broader institutional strategy of capitalizing on discounted valuations ahead of a projected recovery. 

Collectively, these whale and corporate inflows bolster on-chain fundamentals and confirm rising optimism about Ethereum’s long-term trajectory.

Summary

Ethereum’s short-term correction appears to align with both technical and institutional accumulation signals. Analysts foresee the $2,800 zone as the likely bottom before the next impulsive surge. With whales and firms like BitMine positioning aggressively, the ETH price outlook suggests a robust foundation for a potential rally toward the $10,000 mark. The convergence of chart dynamics and whale behavior strengthens confidence that Ethereum’s next major move could redefine its mid-term trajectory.