[$ETH STRONG INCREASE – JUST A TECHNICAL RECOVERY OR IS THE “WHALE” QUIETLY ACTING?]

Today, April 14, while the organizers are still struggling around 84k, Ethereum (ETH) surged strongly, at one point reaching $1,692, far exceeding many people's expectations.

The question arises: why is ETH so strong?

I quickly filtered a few noteworthy reasons:

1. Supporting macro news: US inflation eases + tax delay news → positive market sentiment spreads.

2. Reversal technical signs: Some indicators suggest ETH may have formed a temporary bottom. RSI turns around, volume increases, engulfing candles appear.

3. Funds quietly withdrawing from exchanges: According to CryptoQuant, whales are no longer dumping heavily but, on the contrary… are accumulating lightly.

4. The community is expecting the Pectra upgrade in May to open up new opportunities for the Ethereum network.

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SO, IS ETH WORTH FOMO?

In fact, such an increase can easily be mistaken for the start of a bull run. But be careful:

A strong increase after a deep dump is often just a technical rebound.

I am still standing outside observing, waiting for it to retest the 1,620 – 1,640$ range to stabilize before considering a safe long.

If it breaks through 1,700$ strongly, then… you know what to do.

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What about you? Are you holding ETH or have you taken profits?

Comment to share your perspective for discussion!

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Note: This is a personal opinion, not investment advice. Trade safely, hold your wallet firmly!