Ethereum's wind direction has turned sharply! Whales harvested 260,000 in 20 minutes, short-term pressure is on!
On-chain data shows that a wave whale is executing textbook-level harvesting operations:
On April 18, they invested 16.29 million USD to acquire 10,293 ETH.
Just 20 minutes ago, they sold 8,328 ETH at an average price of 1,614 USD, bringing in 13.44 million USD, easily profiting 264,000 USD.
What does this mean?
The short-term market is filled with tension, but there isn't enough confidence to follow the trend.
Even whales are 'shooting a gun and changing places', so retail investors should be even more cautious of high-level reversals.
From a technical perspective, ETH is currently still in a fluctuating resistance range, with 1,620 USD as the core resistance, which has been difficult to break through.
