Ethereum Whales Just Shifted Millions—Could This Be the Silent Signal That Changes Everything for ETH Investors?
Key Takeaways
Amid the price correction, $3,650 appears to be a key support for ETH; a breakdown could push the price 8% lower. There are heavy short positions around $3,768.9, making it a strong resistance level.
Ethereum’s [ETH] price continues to consolidate near a key resistance level following weeks of strong upward momentum.
Amid this, whales and institutions, with strong conviction, have been accumulating ETH and seizing the current dip as an opportunity.
ETH accumulation surges
In the past 24 hours, blockchain-based transaction trackers Lookonchain and Onchain Lens have revealed that whales and institutions have been accumulating massively.
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