7 Siblings: Buys 5589 ETH After 10% Drop

7 Siblings executed another dip purchase, borrowing 10 million USDT from Spark to secure 5589 ETH at $1789 after ETH fell more than 10% in two days.

The entity controlling 907000 ETH worth $1.624 billion has repeatedly stepped in during sharp short-term declines over the past year, reinforcing its role in Ethereum whale accumulation patterns.

Price action on the 4h chart shows $1807.74 testing the lower Bollinger Band support at $1769.08 while RSI(14) sits at 26.94 in oversold territory and MACD confirms a bearish death cross; the 50-EMA at $1972.19 now acts as immediate resistance that must be reclaimed before any sustained recovery, highlighting Ethereum dip buying strategies amid broader crypto institutional buying signals.