- The merchant seems to have overdose at $ 2,466 at the bottom and $ 2,612 at the top.
- If you do not destroy the level of $ 2,700 in height, Etherrium can be reduced by 15%.
Ethereum (Etherim), the second largest cryptocurrency in the world, has attracted a lot of attention from industry giants.
But over the last 24 hours, the strong feelings have disappeared somewhat. In particular, the whale, which had been dormant for many years, was re -packed and began to retain.
Dumps of millions of dollars of ETH!
Blockchain -based transaction tracker Onchain Lens said in X (previous Twitter) that Etherum Whale wallet connected to the ICO was connected to 10,195 ETH, or $ 26.7 million.
The wallet has been dormant for three years, and has been abandoned by Kraken. This wallet received $ 15,550 of 50,000 ETH for the previous ICO.
On the other hand, another password wallet, which had been dormant for eight years, has made more than $ 39.3 million in profits by depositing $ 4.4 million on the Kraken exchange. The post mentioned that the whale’s wallet received ETH for $ 469,000 at Bitfinex eight years ago.
Crypto Giants’ important ET deposits have been a few questions in dormancy for many years, do you know about potential price dip, or are you simply following price behavior based on historical patterns?
$ 1 billion worth of long betting
However, it is believed that the Intrai Trader is still reported by COINGLASS, as reported by COINGLASS.
In fact, according to the data, the trader has made excessive profits from the bottom (support) to $ 2,466 and the upper (resistance) to $ 2,612.
At this level, they have a long position worth $ 1 billion and a short position worth $ 195.7 million, indicating optimistic signals. Given the superior market sentiment and billions of dollars in a long position, traders thought ETH would soon fall to less than $ 2,466.
Source: COINGLASS
When you look at this data set, the merchants and whales seem to have a mix of emotions.
In the press time, ETH made a deal of nearly $ 2,580 on the chart and rose 3.5% in 24 hours. During the same period, the volume of trading increases by 20%, indicating that the participation of traders and investors has increased compared to the previous day.
Ether Leeum (ETH) price behavior and major levels
According to AMBCRYPTO’s technical analysis, Ethereum may be heading to a major resistance level of $ 2,700. In the daily chart, this level has been continuously in sales pressure since early 2024.
Source: Trade perspective
Historically, every time the price of ETH reaches this level, it has recorded a reversal unless it exceeds $ 2,800 mark. This time, experts expect a similar type of reversal.
Based on the daily chart, the market sentiment does not change and the ETH is more than $ 2,800 or more of the candle is likely to be repeated. In this case, the ETH can see the price of more than 15%and can potentially drop to $ 2,200.
On the other hand, ETH successfully violated the level of $ 2,700 and closed more than $ 2,800 every day, it spent $ 4,000 for the next few days.