In the early hours of today, the market saw mysterious operations again, with a brand new address suddenly receiving 44.78 million USDC, and within an hour, it aggressively purchased 9,486 ETH at an average price of $4,720!

News:

This transaction is definitely not simple! 447.8 million USDC is not a small amount, most likely it is institutional or top-tier investors positioning themselves, rather than retail behavior. It is worth noting that the funds are 'newly created' and moved directly, indicating that it is a proactive buy that has been prepared in advance, rather than a passive follow-up.

Considering the timing, such operations often indicate that the main players are optimistic about the future market, deliberately choosing low liquidity time periods to discreetly build positions, avoiding an early price surge.

Technical emergency review:

From the K-line chart:

Key support has moved up: 4650 has become strong short-term support, and multiple attempts near 4700 have not broken, indicating clear defense by the main force.

Clear resistance: 4750 is the key to break through, once it stands firmly with volume, the next target is the previous high of 4850.

Indicators are healthy: RSI is in a neutral zone, not overheated, BOLL's middle track forms dynamic support, and the upward channel is intact.

Mr. Jin's exclusive views and suggestions:

In the short term, it looks like an upward fluctuation. The cost price of the whale is near a strong support area; dropping down is just giving opportunities. But if it breaks 4750, it may pull up quickly, and the bears may be targeted!

Mr. Jin's exclusive advice:

If it retraces near 4700, add positions in batches, and set the stop loss below 4650.

If it breaks through 4750 with volume, decisively chase the long position, target 4850.

If it breaks below 4650, observe in the short term, but still bullish in the medium to long term.

Do you think this wave of whales is an institution? A project party? Or a certain big shot rebalancing?

I will continue to monitor this address. If there are any further buying or selling actions, Mr. Jin will update you immediately! Stay alert, don't miss the next wave of signals! #ETH #美联储降息预期升温 #加密市场反弹