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🚨Crypto Whale's Just Moved $43M ETH, Ethereum Price Will Reach New Heights? 📈
Along with the rest of the market, the Ethereum price has experienced a significant recovery over the last few days.
The recovery took place under the settling influence of the Donald Trump tariff news on the investors’ sentiments. However, despite that, the token remains far away from being bullish, concerning investors.
Recently, the Ethereum crypto whales’ activity has increased; one simply moved $43.2M from exchanges. Why? Let’s discuss that and its potential impact on the ETH price.
According to The Data Nerd Guy, a crypto whale (Cumberland) has moved 23,733 ETH, equivalent to $43.2M on the current Ethereum price.
Interestingly, the whale has withdrawn massive ETH holdings from the Coinbase crypto exchange, signaling their rising confidence in the asset as they aren’t selling anymore.
The ETH price chart shows a 12% recovery in the last 24 hours, currently trading at $1,823.
As a result, whale activity has increased. Lookonchain’s post also highlighted whales’ high activity on this altcoin, with one whale buying 14,994 ETH.
However, they soon sold, signaling that fear of volatility is still persistent around its price trajectory.
#ETHRebound #ETH #bullish #market #Price-Prediction
Along with the rest of the market, the Ethereum price has experienced a significant recovery over the last few days.
The recovery took place under the settling influence of the Donald Trump tariff news on the investors’ sentiments. However, despite that, the token remains far away from being bullish, concerning investors.
Recently, the Ethereum crypto whales’ activity has increased; one simply moved $43.2M from exchanges. Why? Let’s discuss that and its potential impact on the ETH price.
According to The Data Nerd Guy, a crypto whale (Cumberland) has moved 23,733 ETH, equivalent to $43.2M on the current Ethereum price.
Interestingly, the whale has withdrawn massive ETH holdings from the Coinbase crypto exchange, signaling their rising confidence in the asset as they aren’t selling anymore.
The ETH price chart shows a 12% recovery in the last 24 hours, currently trading at $1,823.
As a result, whale activity has increased. Lookonchain’s post also highlighted whales’ high activity on this altcoin, with one whale buying 14,994 ETH.
However, they soon sold, signaling that fear of volatility is still persistent around its price trajectory.
#ETHRebound #ETH #bullish #market #Price-Prediction
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$ETH
It seems that ETH will soar high🚀🚀🚀!!!
It seems to be caused by the BTC correction last night, resulting in ETH now being bullish🚀
#ETHBullish
#BTCReboundsBack
#ETHRebound
It seems that ETH will soar high🚀🚀🚀!!!
It seems to be caused by the BTC correction last night, resulting in ETH now being bullish🚀
#ETHBullish
#BTCReboundsBack
#ETHRebound
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#BTC $BTC
#ETH $ETH
As Bitcoin struggles to reclaim the $100,000 level, #Ethereum faces stiff resistance just above $2,800. Currently, ETH is trading at $2,840, reflecting a solid 4.52% surge in the past 24 hours. Despite this bullish recovery, Ethereum is now testing a critical resistance zone, raising questions about whether another rejection is imminent or if a breakout rally is in the cards.
Ethereum Price Trend Analysis:
Looking at the 4-hour chart, Ethereum is showing signs of a potential comeback after a breakdown rally from a local support trendline. The quick V-shaped reversal and rounding bottom pattern suggest that ETH may be on the cusp of reinstating its bullish trend. However, the 23.60% Fibonacci level near $2,900 is a crucial resistance that Ethereum must break through to confirm the continuation of the upward momentum.
The 4-hour RSI is approaching the halfway level, signaling strength without signs of bearish divergence, which suggests the uptrend is intact. The Keltner Channel confirms the bullish outlook, showing a sharp uptrend on the lower band, while ETH trades above the 20-day moving average, reinforcing the positive momentum.
Ethereum bulls must clear the $2,900 resistance to pave the way for further gains.
#BTCResistance #ETHRebound
#ETH $ETH
As Bitcoin struggles to reclaim the $100,000 level, #Ethereum faces stiff resistance just above $2,800. Currently, ETH is trading at $2,840, reflecting a solid 4.52% surge in the past 24 hours. Despite this bullish recovery, Ethereum is now testing a critical resistance zone, raising questions about whether another rejection is imminent or if a breakout rally is in the cards.
Ethereum Price Trend Analysis:
Looking at the 4-hour chart, Ethereum is showing signs of a potential comeback after a breakdown rally from a local support trendline. The quick V-shaped reversal and rounding bottom pattern suggest that ETH may be on the cusp of reinstating its bullish trend. However, the 23.60% Fibonacci level near $2,900 is a crucial resistance that Ethereum must break through to confirm the continuation of the upward momentum.
The 4-hour RSI is approaching the halfway level, signaling strength without signs of bearish divergence, which suggests the uptrend is intact. The Keltner Channel confirms the bullish outlook, showing a sharp uptrend on the lower band, while ETH trades above the 20-day moving average, reinforcing the positive momentum.
Ethereum bulls must clear the $2,900 resistance to pave the way for further gains.
#BTCResistance #ETHRebound
Ethereum ($ETH) Experiences Major Liquidation: What’s Next?
$ETH
Technical Overview:
Price Action:
Ethereum’s price experienced a significant drop to $3,120, followed by a rapid rebound. This sharp move suggests a possible liquidation of long positions or a short squeeze, highlighting the volatility in the market.Moving Averages (MA):
The short-term moving average (MA7, yellow line) is currently below the 25-period MA (red line), signaling ongoing selling pressure. Additionally, the 99-period MA (purple line) remains above the current price, reinforcing a bearish trend in the broader market.MACD Indicator:
The MACD is in negative territory (-2.69), but the histogram shows signs of weakening downward momentum, suggesting a potential loss of bearish strength.Volume Analysis:
The recent increase in volume during the rebound from $3,120 indicates renewed buying activity or liquidation of long positions, which may have provided support at this level.
What Caused the Liquidation?
The sudden drop in price was likely driven by the liquidation of numerous long positions. Here's how it unfolded:
A sharp price decline triggered stop-loss orders and forced the liquidation of leveraged long positions.This created a domino effect, amplifying the selling pressure and pushing the price lower.After this mass liquidation, the price found support near the key level of $3,120, leading to a rebound as buyers returned to the market.
Actionable Insights:
Key Levels to Watch:Support: $3,120 is the crucial level to watch; if it holds, a recovery is possible.Resistance: Watch the $3,188 to $3,250 range, around the MA99 level, for potential resistance.Trading Strategy:Buying Opportunity: Consider entering once a confirmed rebound occurs, backed by rising volume and price stability.Selling Risk: Be cautious if the price retests $3,120; a further dip could follow, leading to additional selling pressure.Patience is Key: The market may test the support level again before a clear upward trend emerges.
Rebound Outlook:
Short-Term Outlook: There is a 60% chance of a recovery if $3,120 holds as support.Long-Term Outlook: A 50% likelihood remains due to the bearish dominance indicated by the moving averages.
Final Note: The crypto market remains unpredictable. It's essential to manage risk and ensure your strategy aligns with your financial goals.
#ETH #Ethereum #CryptoAnalysis #ETHPrice #ETHRebound
Technical Overview:
Price Action:
Ethereum’s price experienced a significant drop to $3,120, followed by a rapid rebound. This sharp move suggests a possible liquidation of long positions or a short squeeze, highlighting the volatility in the market.Moving Averages (MA):
The short-term moving average (MA7, yellow line) is currently below the 25-period MA (red line), signaling ongoing selling pressure. Additionally, the 99-period MA (purple line) remains above the current price, reinforcing a bearish trend in the broader market.MACD Indicator:
The MACD is in negative territory (-2.69), but the histogram shows signs of weakening downward momentum, suggesting a potential loss of bearish strength.Volume Analysis:
The recent increase in volume during the rebound from $3,120 indicates renewed buying activity or liquidation of long positions, which may have provided support at this level.
What Caused the Liquidation?
The sudden drop in price was likely driven by the liquidation of numerous long positions. Here's how it unfolded:
A sharp price decline triggered stop-loss orders and forced the liquidation of leveraged long positions.This created a domino effect, amplifying the selling pressure and pushing the price lower.After this mass liquidation, the price found support near the key level of $3,120, leading to a rebound as buyers returned to the market.
Actionable Insights:
Key Levels to Watch:Support: $3,120 is the crucial level to watch; if it holds, a recovery is possible.Resistance: Watch the $3,188 to $3,250 range, around the MA99 level, for potential resistance.Trading Strategy:Buying Opportunity: Consider entering once a confirmed rebound occurs, backed by rising volume and price stability.Selling Risk: Be cautious if the price retests $3,120; a further dip could follow, leading to additional selling pressure.Patience is Key: The market may test the support level again before a clear upward trend emerges.
Rebound Outlook:
Short-Term Outlook: There is a 60% chance of a recovery if $3,120 holds as support.Long-Term Outlook: A 50% likelihood remains due to the bearish dominance indicated by the moving averages.
Final Note: The crypto market remains unpredictable. It's essential to manage risk and ensure your strategy aligns with your financial goals.
#ETH #Ethereum #CryptoAnalysis #ETHPrice #ETHRebound
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