The drunkard hasn't posted for a few days, busy updating equipment and other things. Some brothers said they didn't know how to grab the most stylish way; isn't it enough to just have hands? If one doesn't work, try two; if two don't work, go for four. When you're not on the windfall, when will you get on?
Additionally, talking about the recent airdrop, the drunkard advises brothers to try to grab high-stage airdrops. The drunkard also grabbed two today, not bad, as long as he can eat.
The drunkard says #ETH巨鲸增持
Ethereum (ETH) flashes strong potential breakout signals, as the convergence of on-chain data, technical patterns, and trader sentiment points toward a significant rebound. Despite recent price volatility, three key indicators suggest that a 'bear trap' may be at play, paving the way for a new phase of explosive growth. Is Ethereum ready to break out of its current consolidation phase and surpass $4,000?
Whale Accumulation and Bullish Sentiment: Confidence Returns 🐳
On-chain data reveals strong bullish signals: significant increases in holdings for both whales and retail holders. Over the past 30 days, whale addresses have increased their ETH holdings by 1.82%, while retail wallets have grown their holdings by 1.87%. This reallocation of positions from medium-sized investors to whales and retail indicates a return of confidence in Ethereum's long-term value. Additionally, IntoTheBlock's bullish vs. bearish charts show a clear accumulation trend, with buyers outnumbering sellers at an astonishing 7:1 ratio over the past week.
Trader's Bet: Binance Long/Short Ratio Soars 📊
Trader market sentiment is overwhelmingly bullish, an important indicator for future price movements. The Binance long/short account ratio has reached an astonishing 1.91, meaning accounts holding long positions (betting on price increases) are nearly twice as many as those holding short positions. Historically, this ratio usually signals significant directional moves, indicating traders are highly confident in Ethereum's appreciation. Recent price fluctuations, which briefly liquidated some short positions, could be a 'bear trap' that only strengthens this bullish resolve.
Ascending Triangle: Technical Path to Breakout 🎯
On the daily chart, Ethereum has consolidated within a classic ascending triangle pattern following a sharp rise. This pattern is a key bullish indicator, typically signaling a major upward breakout. Although the price briefly dipped below a critical support level, it has since rebounded, enhancing the validity of the pattern. The article suggests that if the daily candle closes above $3,785, it could trigger a test of the $3,939 resistance level and potentially break through $4,051. However, if the price falls below the critical support level of $3,356, this bullish scenario would be invalidated.
Ethereum flashes strong signals of an impending breakout, driven by whale accumulation, bullish trader sentiment, and a strong ascending triangle pattern on the daily chart. Recent reallocation of positions towards whales and retail investors, along with an overwhelming long/short ratio, suggests the market is consolidating and preparing for a significant move. As Ethereum approaches the top of the ascending triangle, the next few days will be a crucial test of strength, with a successful breakout potentially paving the way for a major rebound.
