Ethereum Whale Buyback at $1,645 Signals Short-Term Bounce
Bixin Pool CEO Jiang Zhuoer repurchased Ethereum (ETH) at $1,645 after previously selling about 50% of his holdings around an average price of $2,331. He expects Ethereum to remain in a downtrend but anticipates a short-term rebound within 1–3 days, then plans to sell again to execute tactical trades rather than a long-term hold.
The move is framed within broader crypto volatility tied to US–Iran geopolitical tensions, which has pressured market sentiment. Prediction-market pricing in the ETH-related contract shows a low probability for a rally to around $2,500 by June 7, while pricing for June 5 indicates a much stronger likelihood of Ethereum trading in a $1,600–$1,700 range (about 63.9% YES).
Traders watching this story may focus on whether Ethereum reclaims nearby support and holds it over the next few sessions. Any escalation or de-escalation in US–Iran tensions could quickly change volatility and risk appetite, affecting both ETH downside momentum and rebound follow-through.
Bullish
Zhuoer’s ETH buyback at $1,645 coupled with an explicit 1–3 day rebound expectation is a classic short-term “support test then tactical sell” play. Similar patterns in prior cycles often lead to near-term upside attempts as traders front-run a bounce, especially when prediction-market pricing already reflects a higher probability for an ETH $1,600–$1,700 range on June 5. However, the planned re-sale after the bounce signals the move is not a durable bullish thesis; downside risk remains if the rebound fails and geopolitical-driven volatility returns. In the short term, this can increase the odds of a bounce and tighter spreads; over the longer term, market direction will likely depend more on broader risk sentiment than on one whale’s timing.