According to the source, an analyst said the recent dip leaves Ethereum (ETH) in a favorable accumulation area after the pullback. According to the source, the post also identifies $5,000 as a potential rebound level for traders to monitor. According to the source, this frames current weakness as a buy-the-dip setup rather than a breakdown.

According to @lookonchain on X, ETH has bounced back above $4,000 intraday, marking a strong recovery in price action (source: https://x.com/lookonchain/status/1977274980825182417). According to @lookonchain, whale address 0xb9fe has recovered prior crash losses and is now approximately $3.6M in profit, indicating successful positioning into the rebound (source: https://x.com/lookonchain/status/1977274980825182417). According to @lookonchain, this on-chain update highlights active large-wallet participation during the move, a relevant datapoint for short-term traders tracking Ethereum momentum (source: https://x.com/lookonchain/status/1977274980825182417).