Technical Aspect. Bullish Signal
The 4-hour moving average has crossed, with increasing volume on the rise and decreasing volume on the dip, indicating capital control! RSI is overbought but MACD is still in the red, a pullback is 'money on the table', don’t panic!
On-chain Dark War. Whales Accumulating
Whales holding over 10,000 coins have gobbled up 18,000 ETH in 48 hours. The old foxes are bullish, let’s sip on the soup together.
Exchange ETH balance decreased by 26,000 coins in a single day, all chips are being hoarded, selling pressure cut in half.
Contract long-short ratio is 1.8, stop-loss must be guarded against bull trap bloodbath!
News Update. Three Key Points
BTC holds support as a 'bodyguard', mainstream coins are collectively excited;
Countdown to Cancun upgrade, Layer2 Arbitrum and others are gaining momentum, betting on contraction + ecological dividends.
US SEC softens stance on ETH spot ETF, long-term capital is subtly positioning!
$ETH