🚨 $ETH Price Update – What Are Big Players Doing? 👀💼
📊 Despite being overbought, Ethereum (ETH) hasn't shown any sharp pullback — a clear signal that bulls are still holding strong! 🐂
💰 Meanwhile, two public companies are battling to become the biggest holders of ETH: 🔹 BitMine initially topped the list with 300,657 ETH 🔹 But now SharpLink Gaming has taken the crown with a jaw-dropping 360,807 ETH! 🔥
🎯 Main Purpose of This Post:
To highlight how massive corporate accumulation of $ETH could influence price trends, and where Ethereum might be heading next! 🚀
📉 Short-Term Price Action:
ETH recently dipped from $3,860, breaking support at $3,745
Now heading toward the 38.2% Fibonacci retracement at $3,494
🛑 If $ETH breaks below $3,494: 🔸 Next support: $3,381
🔸 Followed by the 20-day EMA at $3,234
🔻 A fall below that = bearish control, with targets near $2,904
📈 On the flip side, a bounce from $3,494 could lead bulls to reclaim:
$3,860 ➡️ and then target $4,094! 💥
📉 4H Chart Insights:
20EMA is flat 🟰
RSI has dipped below 50 😐 ➡️ Market is in balance, waiting for the next big move!
📌 What to Watch:
A break above $3,860 = 🚀 Rally resumption
A break below 50SMA = 🐻 More downside ahead
⚠️ Note: This post is for educational purposes only. Always DYOR before investing or trading!
📢 ETH whales are stacking… Are you watching closely? 👀
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