- Whale inflows increased 50.89% in seven days, suggesting sales pressure.
- Ether Lee has more than $ 2,370 support, but it requires more than $ 2,800 decisions to check the optimistic continuous continuation.
Two long distances Ether Leeum (ETH) Whales impressed the market by depositing 3,500 ETHs to Kraken, which is more than $ 9.3 million for $ 35 million.
One wallet has been inactive for four years, and the other wallet has not moved for 10 months.
These transactions have shown that the remarkable capital of elderly capital is profitable.
The two wallets still control 13,600 ETH, but sudden recycling is a sensitive time when Ether Lee is integrated just below the main resistance.
What can you burn in market pressure?
Whale behavior has changed significantly.
Over the last seven days, large holders have increased by 50.89%to signal growth deposits.
In contrast, large holder leaks surged 80.46% last week, but fell 5.74% to monthly. After 90 days, the leaks decreased 17.45%, so I was reluctant to move the ETH platform.
The imbalance between inflow and delayed outflow indicates that it increases the potential of profit generation.
Source: INTOTHEBLOCK
Does the balanced spot flow suggest uncertainty?
Ether Lee’s spot exchange flow reflects Limbo’s market.
On May 23, the inflow totaled $ 880 million, the outflow was slightly exceeded to $ 880 million, which is too narrow to define the direction trend. This almost equality movement indicates that it is hesitant among investors.
While whales are moving their assets to the exchange, the wider market has not responded with decisive actions.
Instead, buyers and sellers seem to be evenly consistent of waiting for a catalyst.
Source: COINGLASS
CoingLass’s derivatives data shows a clear optimistic distortion of 64.32%of ETH/USDT traders.
The long -term ratio has reached 1.80, and reasoning is growing.
This shows optimistic feelings, but if the amount of momentum is not maintained, the risk of liquidation increases.
Can Ether Lee Break more than $ 2,800?
The ETH was traded for $ 2,658 per press time, $ 2,553 from the EMA on the 9th, and the EMA on the 21st, $ 2,357, to reflect the short -term strong structure.
The price continues to be integrated than a resistance of less than $ 2,800, and $ 2,370 is the closest support. More than $ 2,800 clean brake outs can open the route for $ 3,400.
Meanwhile, DMI (Directional Movement Index) shows a powerful trend setting, and ADX has a solid trend strength of 35.49.
+Di (25.77) is higher than -Di (11.62), which confirms the dominance of the stronger. Therefore, the momentum and structure that the ETH exceeds the EMA prefer buyers.
Source: TradingView
Ether Leeum’s price is supported by technical strength, but is at the pivotal level described by new whale exchange activities.
The wider market response is still muted while the inflow increases. If the bull absorbs the current sales pressure and recovers $ 2,800, Ether Lee can open the path for $ 3,400.
But additional whale deposits can weaken confidence and increase volatility.
At present, ETH is at the edge of potential escape or failure as a decisive factor of whale behavior.