Is ETH about to surge? Hidden whale actions below 4600, with the next target aiming for 4800?
ETH is currently stuck below 4600, but last night's movements until dawn have already indicated the issue: a large number of buy orders piled up at the 4600 position, which after repeated consumption, resulted in a surge that directly crushed the shorts, causing the price to spike instantly.
Looking between 4700 and 4800, there are hardly any decent sell orders blocking the way; it's almost a blank space. What does this mean? As long as another bullish candle appears, the shorts will be forced to cover, which will instead push the price higher and trigger a chain reaction of short squeezes.
On the flip side, in the range of 4450 to 4500, many buy orders are placed, and these individuals are clearly waiting for a pullback. However, if the price rises instead of falling, these orders will become the 'fuel' for large holders to push the price up, getting eaten cleanly.
What's even more intriguing is BTC—at the same time, someone is placing a large number of short orders, clearly trying to create a false impression of a 'weak market.' While pulling ETH up, they are pressuring BTC, forcing retail investors to misjudge the direction and hand over their chips, only to then reverse the operation for harvesting.
In the short term, keep a close watch: as long as ETH stabilizes above 4600 without a sudden volume spike downward, it is highly likely a signal of retaliation after a false breakdown. The next candlestick is crucial—either keep up with the rhythm to profit, or become just another number in the liquidation data.
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