CryptoHigh ImpactUpdated•Originally published 28 February 2026•Updated 28 February 2026•

1 min read

Ethereum Slides 10% on US-Israel Strike Reports as Whales Buy the Dip

Key Facts

1Ethereum price dropped by approximately 9% in a single day following reports of missile attacks.

2The prominent whale known as 'Machi Big Brother' faced forced liquidations of his positions again.

3Geopolitical tensions escalated after the US and Israel launched missile attacks on Iran.

Ethereum's (ETH) price decline extended to 10% following reports of a joint military strike by the U.S. and Israel against Iran, intensifying global market volatility. The flash crash resulted in billions of dollars being wiped from Ethereum's market capitalization within a single day. While prominent whales like 'Machi Big Brother' faced massive forced liquidations, a counter-trend has emerged among large-scale investors. Several 'whales' have reportedly begun accumulating the asset, actively buying the dip despite the prevailing geopolitical risks. This divergence highlights a split in market sentiment between panic selling driven by Middle East tensions and strategic long-term accumulation. Traders are now closely watching whether this whale activity can provide a price floor as the macroeconomic landscape remains highly uncertain.

8 months ago

Version History

Version 18 months ago

What changed: Updated the price drop to 10%, included U.S. involvement in the military strike, and noted that whales are now 'buying the dip' despite ongoing liquidations.