$ETH is trying to recover, but this still looks like a wounded major... not a clean breakout. 😉
Price is around $1,786, with a $1,757 - $1,833 daily range, roughly 291.6K ETH traded and about $521M in USDT turnover. So yes, activity is there. But the chart is still trading inside damage, not above it.
That’s the real read here.
After bouncing from the $1,505 low, ETH is finally printing a better short-term structure with higher pushes off the base. Better, yes. Resolved? not yet.
For bulls,...
wallet possibly linked to CoinShares just moved a massive amount of ETH.
A wallet possibly associated with CoinShares deposited 63,000 ETH, worth approximately $111.56M, to Coinbase. Large transfers to exchanges don't necessarily mean an immediate sale, they can also be related to custody changes, client transactions, or internal fund management.
Address: 0x24B12457d3a68ECa9Daca48F0628276592bEbCDD
{future}(ETHUSDT)
{spot}(ETHUSDT)