$ETH Whales Absorb 730 Million! At the End of Triangular Convergence, What Are Whales Secretly Planning?
Sideways movement is never the end of the market, but the starting point for the next wave — ETH's repeated testing of the $5000 mark is the final psychological game between bulls and bears.
1. Latest Technical Analysis! Three Peaks
1. Moving Average System: MA5 crosses below MA10 forming a death cross, price is under pressure from short-term moving averages, short-term trend is bearish, reversal requires a volume breakout above $5000 and a stable MA5.
2. Trading Volume: Energy has shrunk significantly, actual trading volume is 536,800, only 14% of the estimated volume of 3,918,900, market participation is low, a breakout requires accompanying volume.
3. MACD: DIF is below DEA, the death cross pattern shows adjustment pressure; however, the MACD histogram’s negative value is narrowing, and a bottom divergence appears on the 4-hour level, indicating that rebound momentum is building.
2. Latest On-Chain News! Three Blades
1. Whales Positioning at Dips: In the past 24 hours, 2 new addresses with 100,000+ ETH have been added, cumulatively increasing holdings by 148,000, indicating significant accumulation by large funds.
2. ETF Expectation Fluctuations: The market remains optimistic about Ethereum ETF approval, but the short-term probability is around 32%, and there will be little volatility before the shoe drops.
3. Layer2 Ecosystem Active: Arbitrum and Optimism's locked positions have hit new highs, but token performance is diverging, with funds focusing more on the underlying infrastructure.
Note! Retail investors are anxious and observing, while whales are secretly positioning --- I am Tang Seng, top technical support, serving only those with vision and ambition!