$ETH Whale spent 20,000 large coins to exchange for ETH! Major moves expected tonight!
1. Latest technical analysis!
1. Trading volume reveals cautious market sentiment—actual transaction volume of 773,000 contracts is down 17% compared to the estimated 929,000 contracts, but the divergence between the 5-day and 10-day moving averages suggests a change in trend is imminent.
2. The moving average system shows a converging arrangement, with the distance between MA5 and MA10 narrowing, indicating the market is entering a direction selection phase.
3. The current MACD presents hidden concerns within a bullish pattern: the DIF line (above the 0 axis) is merging with the DEA line, with values close to each other, indicating a weakening short-term momentum, and a temporary balance between bullish and bearish forces.
2. Latest news from the blockchain!
1. Yesterday, a whale exchanged 20,000 BTC for ETH, pushing the ETH/BTC exchange rate up to 0.044 (a three-year high).
2. Deribit data shows that open contracts for $5,000 call options reached $320 million, indicating institutional optimism for a breakout.
3. New funds are still flowing in: Meanwhile, in the past two days, five new wallet addresses have cumulatively purchased 19,332 ETH, worth approximately $92 million.
Note! When Bitcoin whales start exchanging for Ethereum, does it signal a shift in market direction?
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