Ethereum (ETH) is showing signs of recovery after a significant price drop, with crypto whales accumulating 8,440 ETH worth $28.43 million during the rebound. Currently trading near $3,475, ETH has regained crucial support at $3,400, and if it surpasses $3,500, it could potentially rise by 17% towards the $4,000 mark. Market sentiment remains bullish, suggesting a promising outlook for the cryptocurrency.