🚨 Old $ETH wakes up... but should you worry? 🤔
An early Ethereum whale just moved 1,140 ETH ($2.88M) after 10 years of silence — just hours after the U.S. gov sent 86.56 ETH to Coinbase Prime. 🐋👀
Fear of sell pressure? Maybe. But the on-chain picture tells a deeper story.
📉 Net exchange flow: -79.2K ETH (5.81% drop)
➡️ More ETH is leaving exchanges than entering — a classic signal of long-term conviction & self-custody.
📈 Funding rate: still positive (0.0057%)
→ Longs are paying to hold = bullish bias in derivatives.
📊 Sentiment: cautiously optimistic (0.199)
📣 Social dominance: spikes to 9.06% — whales are making noise, and the crowd’s watching.
🔥 Key levels:
💥 $2,560 = resistance
🛡️ $2,500 = support
Binance heatmaps show heavy liquidations waiting on both ends. One sharp move = potential cascade.
🧠 TL;DR: Despite the whale & gov moves, ETH flows suggest confidence, not panic. But with tight ranges & rising attention, volatility could strike fast.
Are we gearing up for a breakout — or a trap? 🎯