Ethereum (ETH) has been experiencing significant price fluctuations, and recent actions by major investors are raising questions about the right moment to enter the market. One notable transaction involves the “7 Siblings” wallet, which made a substantial purchase of 12,070 ETH for approximately $28.75 million at a price of $2,382 per token. This move has raised conversations about whether now is the time to buy ETH as the price drops.

Strategic Purchase by ‘7 Siblings’ Wallet

The “7 Siblings,” a group of well-known Ethereum investors, have made their mark in the crypto space with large strategic purchases during price dips. Their recent purchase of 12,070 ETH mirrors their previous buying patterns when Ethereum dropped to similar price levels. With this latest acquisition, the group continues to hold an impressive 1.15 million ETH across just two wallets, valued at approximately $2.8 billion.

This aggressive approach to purchasing Ethereum amid market volatility signals strong optimism in the long-term value of the cryptocurrency. Despite the broader market unease, the “7 Siblings” have remained consistent in their strategy of buying during downturns, demonstrating confidence that Ethereum will recover and grow in the future.

Eric Trump’s ‘Buy the Dip’ Endorsement

The “7 Siblings” buy-in also aligns with a public endorsement by Eric Trump, son of former President Donald Trump, who tweeted “₿uy the dips!!!” on X (formerly Twitter). Such endorsements can influence the sentiment of the broader investor community, especially if large holders continue to acquire assets during periods of price decline. This could create a ripple effect, leading more investors to follow suit and potentially strengthening Ethereum’s market position in the long run.

However, despite these bullish moves by prominent figures and investors, there remains a level of caution. If the market fails to stabilize, even substantial purchases may not prevent further price declines. This makes the question of whether to buy the dip a complex decision for potential investors.

Ethereum Enters Oversold Territory: A Potential Buy Opportunity?

Ethereum’s price has been trending downward since the beginning of 2025, but recent technical indicators suggest that ETH may now be in oversold territory, making it an appealing option for investors looking for a potential rebound. As of the latest market data, Ethereum gained more than 6% in the past 24 hours after a sharp price drop, indicating that the selling pressure could be starting to ease.

The Relative Strength Index (RSI), a key indicator used by traders to gauge overbought or oversold conditions, dipped below 30 recently. However, it has begun to show signs of divergence, which may indicate that the downward momentum is waning. Historically, such divergences have often preceded significant recoveries in Ethereum’s price.

ETH is approaching a critical support level of around $2,480. If this level holds, it could signal a turning point for Ethereum, offering a buying opportunity for investors who rely on technical analysis. A reversal at this support level could lead ETH to retest higher resistance levels, potentially reaching the price levels seen in December 2024.

The Risks and Opportunities of Buying the Dip

While the recent actions of large investors like the “7 Siblings” and public endorsements from figures such as Eric Trump suggest confidence in Ethereum’s future, there are risks to consider. If the support level around $2,480 fails to hold under continued selling pressure, Ethereum’s price could fall further, potentially testing lower thresholds below $2,000.

Such a scenario would demand greater caution from investors, as it could indicate an extended bearish phase before any recovery takes hold. Therefore, while Ethereum’s current oversold conditions present a potential opportunity for buying, it’s essential to weigh the risks of further market declines before making a decision.

Conclusion: Is Now the Right Time to Buy Ethereum?

Ethereum’s current market conditions are creating a complex environment for potential buyers. On one hand, the “7 Siblings” and other large investors are doubling down on their Ethereum positions, signaling optimism in the long-term value of the cryptocurrency. On the other hand, the market remains volatile, and Ethereum’s price could continue to face downward pressure if key support levels fail to hold.

For those looking to buy Ethereum, the current oversold conditions and technical indicators suggest that there could be a buying opportunity at the $2,480 support level. However, caution is advised, as the market remains unpredictable, and further price declines are still a possibility. As always in the world of cryptocurrency, it’s essential to carefully monitor market trends and consider both the potential for gains and the risks involved.