Ethereum Whales Just Shifted Millions—Could This Be the Silent Signal That Changes Everything for ETH Investors?
Based on the 4-hour timeframe, ETH has been consistently taking support from the $3,650 level.
If sentiment shifts and the price falls below this support, the asset could face an 8% decline, potentially reaching the $3,300 level.
On the other hand, if the price holds above the local support, ETH still has room to rally and retest the $4,000 level.
Major liquidation levels to watch
As per on-chain analytics firm CoinGlass, the major liquidation levels where traders have shown strong interest are $3,359.7 on the lower side, where traders have built $290 million worth of long positions.
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