๐ซ๐ฅ๐๐๐ฌ๐ฉ๐ข๐ญ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ฅ๐๐ญ๐ข๐ฅ๐ข๐ญ๐ฒ๐
A prominent whale recently expanded its Ethereum holdings, purchasing 1,958.27 ETH at an average price of $3,253, raising its 25th swing trade position to a total of 7,292.28 ETH (valued at approximately $23.74 million). Despite these aggressive acquisitions, the whale faces an unrealized loss of $385,000 due to Ethereum's recent price drop. This move underscores growing confidence among large investors, even amidst market turbulence.
๐๐ญ๐ก๐๐ซ๐๐ฎ๐ฆ ๐๐ฑ๐๐ก๐๐ง๐ ๐ ๐๐๐ฅ๐๐ง๐๐๐ฌ ๐๐๐๐ฅ๐ข๐ง๐ ๐๐ฆ๐ข๐ ๐๐๐๐ฎ๐ฆ๐ฎ๐ฅ๐๐ญ๐ข๐จ๐ง ๐๐๐
Ethereum has seen a 12% price decline over the past week, leading to significant losses for investors. However, the sentiment is shifting, with a staggering 12.5 million ETH, worth around $815 million, being withdrawn from exchanges into private wallets. This trend suggests bullish confidence in Ethereumโs recovery potential, as the limited supply on exchanges could trigger upward price momentum in the coming days.
๐๐๐๐ก๐ง๐ข๐๐๐ฅ ๐๐ง๐๐ข๐๐๐ญ๐จ๐ซ๐ฌ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ ๐๐๐ฒ ๐๐๐ฌ๐ข๐ฌ๐ญ๐๐ง๐๐ ๐๐ญ $๐,๐๐๐ ๐ฅ๐ฅ๐ฅ
Currently trading around $3,114, Ethereum faces a critical resistance level at $3,327. Breaking above this level could pave the way for a return to the $3,524 range, where significant accumulation has been observed. Bullish momentum from recent accumulation may provide the necessary push to overcome these resistance levels, as highlighted by IOMAP (In/Out of the Money Around Price) data. Conversely, failure to surpass $3,327 could lead to a drop towards $3,028, reversing gains and dampening sentiment.
To regain bullish momentum, Ethereum must flip $3,327 into a support level. A decisive break above $3,524 would confirm recovery prospects, spurring additional accumulation and fostering renewed optimism in the market.
#ETHAccumulation #EthereumBullish #AltcoinBoom #CryptoSignals $ETH
