Whale splurges $58 million to buy ETH, is the bottom signal here?

Large holders have been crazily accumulating ETH for three consecutive days, adding another 3,195 today, with a total value of up to $5.97 million!

Since March 26, this mysterious whale has accumulated 29,341 ETH, with an average purchase price of $1,983, totaling $58.18 million!

Market sentiment is low, yet ETH has become the favorite of whales, what does this mean?

Buying signal? Does the large-scale accumulation by whales imply that the ETH price has bottomed out?

A trap for the unwary? With the price falling back to around $1,820, will ETH break the key support level?

Short-term market analysis:

If ETH stabilizes at $1,820, it may welcome a 17% rebound, targeting $2,100!

If it breaks below $1,800, deeper adjustments may be expected, with support possibly at $1,550!

Whales are bottom-fishing, are you still watching? Is it time to go all in or wait a bit longer? Let's talk about your views in the comments section.