After plunging more than 16% in October, Ethereum could stage a short-term rebound as large investors step up their buying. Lookonchain reported that one trader acquired 16,658 ETH for nearly $38 million before increasing total purchases to 27,553 ETH worth about $63 million. Long positions exceeding 380,000 ETH would be four times the level recorded in August. ETH, trading just below $2,300, has reclaimed the $2,250 support zone; a move above $4,000 could trigger a major rally, with targets of $13,000 to $15,000.
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