The whale has moved, and the market is no longer calm! ETH is迎来 a key gambling moment in the short term.

‘When the whale surfaces, it stirs up countless waves; retail investors are like fish, only by following the trend can they navigate through the turbulent waters.’

ETH Market Analysis | June 26, 2025.

1. Technical analysis.

1. The buy-sell structure is clear, and the watershed has been established.
The area above 2726–2870 USDT is a previous dense 'sell order' zone, where the K-line has repeatedly surged and pulled back.

There is significant buying support in the range of 2100–2300 USDT, forming a bottom support area.

Currently operating in the 'gambling zone' of 2374–2530 USDT, stabilizing here could challenge the strong resistance above.

2. Key moving averages and changes in trading volume.

The MA10 and MA30 moving averages are about to form a 'golden cross' structure, indicating a clear short-term bullish trend.

Trading volume has significantly increased, indicating signs of major funds attempting to control the market.

Since June 23, the upward process has been accompanied by gradual volume increase, validating the effectiveness of buying.

3. Fibonacci retracement support is effective.

0.382 (2440 USDT) and 0.5 (2533 USDT) are key technical resistances.

If it effectively breaks above 2530, it will test the 0.618 position at 2601 USDT, which is also a mid-term watershed.

2. News analysis.

The whale wallet transferred over 120,000 ETH to exchanges such as Binance and Coinbase within two days, some of which have been split into smaller batches for transfer, showing signs of selling pressure.

Ethereum's mainnet Gas has risen to over 45 Gwei, and on-chain activity has significantly increased, especially with a rise in interaction frequency from L2 to the mainnet.

3. Strategy recommendations.

Style suggestion: aggressive target stop-loss around 2480-2510, chase long positions near 2600-2650. Steady wait for a pullback to 2375–2400 to go long at 2530. Increase positions after breaking above 2316; exit if it breaks below 2530. If 2530 is a strong resistance, consider light short positions looking to return to 2440-2535 with a stop-loss above.

Whale positioning is the calm before the storm.

The real market trend often starts quietly when you hesitate.

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