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Muhammad Shahid Iqball
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Huge Whale Movement on Ethereum: What’s Going On? 🤔💸 Hey crypto fam! Have you seen what’s happening with *Ethereum* lately? A *whale* just made some major moves, and it's sending ripples through the market. Here’s the breakdown of what happened, and what this could mean for ETH’s price. 🔍📉 --- *Whale's Big Moves: What Happened?* 1. *Deposited 16,275 ETH (44.1M) to Binance* A whale deposited *16,275 ETH* onto *Binance*, totaling *44.1M*. This suggests the whale might be positioning themselves for *short-term trades* or *taking profits*, likely anticipating some *market correction* or a price drop. 🐋📉 2. *Withdrew 24,692 ETH at 2,320 Each (57.28M)* The whale then *withdrew 24,692 ETH* at an average price of *2,320* per ETH, totaling *57.28M*. This move shows the whale took advantage of a *previous price dip* to accumulate more ETH at a lower price. The *ETH withdrawal* suggests they’re positioning for potential *upside* once the market recovers. 3. *Deposited ETH Back to Binance at 2,870 (70.17M)* Finally, the whale *re-deposited* ETH back to Binance, but this time at an average price of *2,870*, totaling *70.17M*. This move suggests they’re *bullish* on ETH at this price point and may be setting up for future trades as they expect further *upward momentum*. --- *What Does This Mean for ETH? 📈🔮* - *Whale Sentiment*: The whale’s movements indicate a strategy of *buying low* and *selling high*, capitalizing on price fluctuations. The fact that they *withdrew at 2,320* and deposited back in at *2,870* indicates they’re anticipating *bullish continuation* in the near term. - *Price Prediction*: ETH has been *relatively stable*, with a slight *+0.19% increase* today. This suggests a potential *consolidation phase* in the market. The whale’s actions could point toward further *upward movement*, with ETH possibly testing the *3,000* range again if the market sentiment remains *. Keep an eye on *2,850 - $3,000*, as that could be the next key resistance level. If ETH breaks above that, we could --
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