thanks crypto.....😂 my condition right now... I bought...👇 | Taseelm bibi on Binance Square

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thanks crypto.....😂my condition right now...
I bought...👇
$PEPE 

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Ethereum Whale Goes Big 65,562 ETH Added as Holdings Hit $1.23B Ethereum fell to $2,660, its lowest level in months, breaking demand. The dip indicates market panic and a lack of bullish control. Traders who anticipated a significant rebound are now reassessing their positions, and social and on-chain mood has descended into panic. Despite this capitulation-driven atmosphere, early indications of resistance are emerging. According to Lookonchain, “66kETHBorrow”—a prominent Ethereum whale—has aggressively doubled down on his plan. During the worst sell-off, he bought 57,725 ETH worth $162.77 million, which drew analysts' attention. He added 7,837 ETH ($21.9 million) hours later, exhibiting steadfast faith despite market volatility. Lookonchain reports that “66kETHBorrow” possesses 440,558 ETH, valued $1.23 billion. His size makes him one of the major Ethereum holders actively acquiring throughout the slump, sending a significant signal to the market. This whale's activity contrasts with ordinary traders' fear-driven selling as Ethereum's price struggles below crucial support levels. Even if ETH charts indicate a consistent drop and sentiment is severe negative, he is actively accumulating. Deep-pocketed accumulation during panics has typically preceded trend reversals or local bottoms. Ethereum has broken critical support levels and fallen near $2,660, indicating market weakness. In recent weeks, ETH has shown a distinct downturn, with lower highs and lows as selling pressure increases. Bearish alignment: 50-day and 100-day moving averages below 200-day moving average, indicating protracted negative momentum. Selling volume surges indicate liquidation pressure, demonstrating that active sellers are driving the decrease rather than passive drift. However, significant players' purchasing interest is encouraging. Despite the bearish structure, volume buildup on deeper dips suggests early local bottom formation. ETH is susceptible until it regains the 50-day moving average and stabilizes over $3,000. #ETH #BTCVolatilit #USJobsData $ETH $PEPE

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