ETH Whales Go Wild! Is $2500 the 'Golden Bottom'?
Today's on-chain data exploded! Glassnode confirms — 'super whales' holding over 10,000 ETH are crazily scooping up, with a single-day net increase surpassing 800,000 ETH, marking the strongest accumulation since the 2017 bull market!
Even more intense, these big players have literally turned the $2500 range into a 'cost fortress', with nearly 3.45 million ETH piling up in this range, clearly indicating their determination to defend this line.
So why are whales gambling big at this moment?
History is repeating itself: the current increase in holdings is crushing the levels seen before the 95% surge in 2022 (when ETH skyrocketed from $1000 to $1950)! Whales have always been known to 'buy when no one is paying attention', and their recent low-key accumulation feels like the calm before the storm.
Technical Resonance: ETH's daily chart shows a contraction in trading volume, forming a classic bull flag pattern. Once it breaks through the $2650 resistance with volume, hitting $3400 in August is far from a pipe dream. The $2500-2536 range has become an on-chain 'iron bottom', with cost concentration reaching an annual peak.
Hedge Fund Magic: A certain whale started cycling long from July 6, accumulating 5642 ETH at an average price of $2537, with unrealized gains exceeding $320,000 — betting real money on a shift!
Whales are never philanthropists — the $2500 cost fortress + bull flag pattern + historic accumulation, together form the mid-term rocket base for ETH.
But remember: when whales feast, retail investors should not be the cannon fodder! Strictly maintain stop-losses, waiting for a breakthrough to add positions is the way to go.
