The Thrilling Defense of ETH at $1600: Whale Layouts and the Long-Short Battle
In the world of cryptocurrency, the price fluctuations of Ethereum (ETH) are always mesmerizing. Recently, ETH has engaged in a thrilling tug-of-war around the $1600 mark, as if a war without gunpowder is unfolding. The price has been oscillating around $1600, repeatedly attempting to break through the resistance level of $1613, only to be ruthlessly suppressed. At the moment of the sell-off, the net inflow into exchanges surged by 12,000 ETH, seemingly influenced by a mysterious force manipulating the market, harvesting the panic.
I. The Whale Secrets Behind On-chain Data
