The crypto world is like a casino, ETH is the main character; today it's been stagnant and exhausting, but when the whales move, a bloody storm will come!
First, let's talk about the latest news: early this morning, the crypto world exploded! An ancient whale address, after being dormant for over 3 years, suddenly woke up and withdrew 610.97 ETH from a major exchange like Coinbase, heading straight for staking—this isn't just a casual stroll, it's locking in and hoarding! Even more astonishing, two Ethereum ICO veteran addresses, after being inactive for over 9 years, were also activated and transferred 1140 ETH to another address. Brothers, this is not small money; it’s likely that some big players are repositioning, which could imply: I am optimistic about ETH's future, but be cautious of short-term volatility.
From a technical perspective, let's directly analyze the K-line chart:
ETH is stuck around 2525, unable to move like constipation. It opened at 2525.64, with only a few points difference between the highs and lows, and the amplitude is 0.20%, like a snail climbing a slope. Key indicators are also weak: the moving average at 2545 is like a big hat weighing down ETH, and at 2535, there's also a hurdle; the price is now at 2525, barely standing firm.
MACD is even weaker, with DIF at -5.31, DEA at -3.25, and the MACD histogram at -4.12, indicating a clear advantage for bears—simply put, bulls are struggling, and bears are watching closely, while the decrease in trading volume further proves that everyone is on the sidelines.
Tang Seng's personal view: bearish in the short term, but be cautious of a sudden turn when whales move.
Brothers, to be honest, today I am leaning towards a bearish outlook for ETH's short-term movement. The pressure on the technical side is too obvious: every time the price tries to break through the moving average at 2545, it gets beaten back like I encounter a monster on my journey to the west. The negative MACD acts as an alarm, indicating a lack of market confidence, and big players could dump at any moment.
However, brothers, don’t panic, I, Tang Seng, am not a die-hard bull or bear, but a flexible strategist. If the whales make significant moves, combined with today’s on-chain activities, ETH may experience a short-term rebound, but the probability is low.
Keep a close eye on the key levels: a bullish victory is only confirmed if it stabilizes above 2545, while breaking below 2510 could lead directly down to around 2470 or even lower. This kind of sideways movement is like taking a break on the journey to obtain scriptures—rest is rest, but monsters can jump out at any time, so it's safest to hold a light position and observe.
Want to catch the next big wave of ETH? I am Tang Seng, follow me, supported by a top team, serving only the ambitious madmen!
