🚨 #Galaxy Digital "rumbling" pushes $ETH to the exchange right after ETH's 14% bounce – Sell signal?
Right after the news #TRUMP proposed a 90-day tariff delay, the crypto market reacted extremely strongly: ETH soared 14% in just 6 hours. While the market is still excited, the wallet associated with Galaxy Digital unexpectedly made a noteworthy move.
Specifically, this wallet transferred 3,513 ETH (~5.8 million USD) to the Gemini exchange – a move that is not at all random. Looking back in the past, every time this wallet "deposits" ETH to the exchange, the market has faced a significant dump. Could this be a repeat of the old scenario?
🔍 Technical Analysis (TA):
1. ETH's daily candle closed quite nicely, although it hasn't broken the bearish structure.
2. If ETH cannot break the diagonal trendline, it is highly likely that Galaxy is preparing to sell right at resistance – a very "systematic" move.
3. But if ETH breaks the trendline, I will buy immediately regardless of Onchain, hoping for a strong rebound.
In summary: TA is signaling a tug of war, while #On-chain seems a bit "suspicious." This is a test to see who holds the power: the bulls or the big players like Galaxy?
