๐จ Ethereum Dips, But Whales Arenโt Letting Go! ๐ผ๐
Amid the red candles, big players are quietly defending their territory โ and they might just flip the script. Here's the breakdown ๐
๐ Price Action Recap:
ETH failed to clear the $3,850 mark and started a steady pullback. Price slipped below $3,770, with sellers dragging it down toward the $3,600 zone.
But pay attention โ $3,520 could be where the bulls reload.
๐ฃ Currently trading under $3,680 and below the 100-hour SMA
๐ Strong bearish trendline on the hourly chart with resistance at $3,670
๐ก๏ธ Whale Zone: Where Smart Money Defends
Despite the dip, large wallet activity shows buyers stepping in near key Fib levels โ especially around the 76.4% retracement from the $3,480 low to $3,859 high.
If ETH holds above $3,550, we could see a bounce:
๐ผ Resistance: $3,670 โ $3,770 โ $3,800
๐ผ A clean break above $3,800 opens the door to $3,850, possibly even $4,000 โ $4,200 if momentum builds.
โ ๏ธ Bearish Scenario:
If ETH fails to reclaim $3,670:
๐ป Support: $3,600 โ $3,570 โ Critical at $3,520
๐ป Below $3,520, next zones to watch: $3,450 and $3,320
๐ Technical Snapshot:
๐ป MACD: Losing steam in the red
๐ป RSI: Hovering below the 50 mark
๐ง Sentiment: Cooling, but whales aren't running
๐ฅ What This Means for You:
Pullbacks in bull markets arenโt panic signals โ theyโre opportunities for positioning. Watch how price reacts near $3,520. If that level holds, the next wave up could catch the crowd off guard.
๐ข Stay sharp. Stay early. Donโt chase โ position smart.
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