Ethereum's crash on Monday saw several whales return to the market, buying up the dump from investors who capitulated following the high FUD across the market. The buying pressure was visible across crypto-native and traditional investors, as many may have viewed the dip as an opportunity to purchase ETH at discounted prices.

On the traditional market landscape, spot Ethereum ETFs recorded $48.73 million in net inflows on Monday despite outflows across Bitcoin ETFs, per Farside Investors data. This is only the third time ETH ETFs have seen net inflows after launch day.