ETH is currently oscillating in the critical area of 3065 dollars, with short-term support looking at MA7 (3045) and MA30 (2995), but insufficient volume limits upward space.
The real direction choice depends on the tug-of-war of large funds:
Bullish King Bomb:
Mysterious giant whale enters: A new address withdrew 40,335 ETH (120 million dollars) from FalconX within 3 days, indicating a large buying demand and potential bottom support strength.
Institutional King Endorsement: US stock company SharpLink Gaming bought 16,000 ETH (48.85 million) in 7 hours, with total holdings reaching 270,000 ETH, surpassing the Ethereum Foundation to become the largest holding institution. This represents deep recognition from traditional capital and long-term confidence is a super bullish signal.
Bearish Warning:
Smart money takes profits: A certain smart money that bought low and sold high made a profit of 33.67 million dollars and transferred 3,000 ETH to Binance, suspected of cashing out to take profits. It shows that there are cautious profit-taking positions around 3100, bringing short-term selling pressure.
Key looks at 'momentum':
Breaking through 3100: Whale/institutional buying needs to continue to exert force, digest selling pressure, preferably combined with major bullish news (like ETH ETF) or a technical breakout of resistance at 3080-3100. If the institutional lock-up story is recognized, 3100 can be broken.
Beware of risks: If smart money selling triggers follow-up profit-taking (FUD spreading) or insufficient buying, losing support at 3060/3045 may lead to a retracement testing 3000/2995.
Currently, large funds are 'arm wrestling' at a critical position. The script direction - will it be 'whale leaps over the dragon gate' breaking the previous high, or 'dangerous bungee' retracement - depends on who can dominate the market next. Pay close attention to volume and key positions' offense and defense.
Whales fighting for seats, I point the way! The code to break 3100 will be revealed tonight, grab your tools! $ETH #ETH突破3000
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