8-Year Giant Whale Sells 370 Million ETH! What Signal Will ETH Release?
A mysterious large holder who has held Ethereum for 8 years transferred 97,000 ETH to an exchange early this morning. This individual has made two precise moves in history:
1. Sold 47,000 ETH in 2019, and the following year Ethereum skyrocketed by 10 times.
2. After selling in 2021, Ethereum reached a historical high of $4,800 three months later.
I. Trend Change Warning
The operation method is exactly the same as on the eve of the 2021 bull market: splitting wallets → concentrating funds to exchanges. Currently, Ethereum's price is $3,800, just 20% away from its historical high.
II. Institutional Charge
1. The Ethereum ETFs applied for by giants like BlackRock will have results in July, and if approved, will introduce hundreds of billions in capital.
2. Amid a global wave of interest rate cuts, over $18 billion has flowed from traditional markets into digital currencies in the past month.
III. Technical Resonance
After the April upgrade, Ethereum's transaction fees decreased by 80%, and the number of active addresses returned to 2021 levels. Whale holdings have reached historic highs, and market control power has strengthened.
My Judgment
1. Short Term (within 1 month): If the U.S. inflation data cools on June 13, Ethereum may challenge $4,200.
2. Mid Term (3 months): If the ETF is approved, the target is $5,000; if not, the support level is $3,500.
3. Extreme Market Conditions: The crazy surge of 80% in a single month, as seen in 2021, cannot be ruled out.
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