🔥Big Whale Action! $4 Million ETH Transfer Indicates Breakthrough at $3,000?

A dormant Ethereum whale that has been inactive for years suddenly became active, transferring approximately 1,613 ETH to a major exchange, valued at over $4 million. This is the first move from this wallet in six years, having realized a massive profit of over $3.6 million, causing a stir in the market.

This transfer may create short-term selling pressure and increase market supply, but the technical indicators point to a strong rebound signal.

Technical analysis shows that Ethereum has formed a classic 'inverse head and shoulders' pattern, and after breaking through the key resistance of $2,588, prices are expected to target the significant $3,000 mark. Fibonacci extensions also indicate intermediate resistances at $2,648, $2,705, and $2,747, with increased trading volume being key to the breakout.

Currently, the ETH price is around $2,615, up 2.5% in the last 24 hours, but overbought signals suggest a potential short-term adjustment. Overall, the price remains above key support, and breaking through $2,650 will further stimulate buying enthusiasm.

This whale movement combined with technical patterns is highly likely to bring about significant volatility and explosion in Ethereum in the coming days. Investors please stay alert; $3,000 is no longer far away!