Is ETH's support stable? Whales suddenly appear, moving $9.3 million and triggering market alarms!🦈💣

ETH holds steady at the $2,370 support line but approaches the $2,800 resistance. Whale activity has gone wild! In just one week, the inflow from large holders surged by 50%, with two dormant giant whales suddenly moving out 3,500 ETH, worth over $9.3 million, causing the market to panic.

The inflow and outflow of funds are almost balanced, with buyers and sellers in a stalemate. The market is hesitant, but bullish sentiment remains strong, with nearly 65% of traders going long, and the short-term long-short ratio at 1.8, presenting both risks and opportunities.

If ETH can hold its moving averages and break through $2,800, the $3,400 milestone will be within reach! Conversely, if whales start selling, volatility could spike, potentially leading to an immediate crash. The market stands on the edge of a cliff; any movement from the whales could trigger a storm!🔥🚨