The current market situation, as exemplified by #ETH

Bullish factor — a powerful inflow into large wallets of $2.5 billion per day and a total of +1.13 million ETH in two weeks. This is not just random activity, but a clear signal of accumulation by large players, which may reduce the available supply and push the price higher.

The limiting factor is the sale by the “7 brothers” for ~$88 million. This is not a very large volume in terms of the overall market, but it shows that some whales are locking in profits before the important $5,000 level.

The probability of this scenario — an 87% chance on the prediction markets of reaching $5,000 by the end of August — is a very strong signal, but at such levels, fake breakouts or short-term pullbacks often occur.

Key levels are $4,600–$4,700 (strong support) and $5,000 (psychological and technical resistance). A breakout of $5,000 with consolidation could open the way to $5,200–$5,400, while a failed breakout could trigger a quick return to the $4,700 area.

In short: the market is now in the pre-final phase before a potential breakout, and the behavior of whales indicates that they are preparing for an upward movement but do not rule out a short correction.
#ETH #Ethereum #CryptoNews #Binance #WhaleAlert🔴