Justin Sun, founder of Tron, has dismissed rumors of a large Ethereum selloff following significant wallet activity, clarifying that it was merely a transfer between wallets. He remains optimistic about Ethereum's long-term potential, having deposited 108,919 ETH worth around $400 million into HTX.Market sentiment has improved, with analysts suggesting Ethereum could rally towards $5,000, contingent on breaking key resistance levels. Ethereum's price has recently bounced back, and bullish patterns are emerging, indicating potential for a strong reversal.