Ether Lee (ETH) slipped to less than $ 4,000 and set a fresh lowest level of nearly $ 3,820. This movement emphasizes the intense sales pressure that measures weight in the market as Bulls struggles to establish a firm support area. The decline is more volatility over the week, leaving carefully whether the trader can rebound rapidly or whether a deeper correction can proceed.
Despite the weak momentum of price behavior, some analysts argue that this low low Ethereum can be a potential floor. Their view is supported by the main whole chain data of the Lookonchain, which shows that the whale is purchasing a lot of ETH even if the price drops. Large -scale accumulation of sales often indicates trust among large players because it often develops confidence among large players and strengthens its position by using discounted prices.
This difference between weak short -term price behavior and strong whale accumulation caused speculation on Ether Leeum’s elasticity. The wider market feelings remain weak, but heavy purchases from influential addresses can provide the foundation for rebound by selling pressure fades. In the upcoming session, whether ETH has the latest minimum can determine whether this is truly a floor or another stage of long -term modifications.
Whale accumulation supports Ether Leeum
According to lookonchain, one OTC whale showed bold movement during the latest modification of Ether Leeum. The subsidiary is reported to have acquired 60,333 ETHs (about $ 223.7 million) on average $ 4,230 over the last seven days. This is a strong belief, but whales are currently sitting in more than $ 16 million in paper losses, and ETH is slipping to less than $ 4,000. Purchased with three addresses: 0xd8d041705735831F88348851F2C39D, 0xc4de1a0f88b5e10BDEF769999C4F699C4F699C4F6191B4933 0x2aaf3555C820676C104bdee6C506FA05998DDA2.
This movement emphasizes a wider trend. Large players are in danger of short -term losses and even continue to accumulate ETH during modifications. Such actions suggest that whales and institutional actors are confident in Ether Lee’s long -term prospects and see a temporary price weakness as an opportunity rather than a threat.
The importance of this accumulation cannot be restrained. Historically, heavy whale purchases during the recession often provide a strong support foundation for recovery when the pressure relief is often sold. As institutional adoption increases, including the increase in ethical financial instruments and ETFs, the role of Ether Lee is continuously expanding in a wider market.
It will be decisive in the next few weeks. If the accumulation persists, the ETH can stabilize and prepare for rebound if the macro conditions or wider encryption feelings improve. On the contrary, if you do not maintain the lowest level, the correction can be further expanded. Nevertheless, the movement of whales emphasizes the trust in Ether Lee’s trajectory, supporting the view that long -term demand is still strong despite short -term volatility.
Ethical test important level
Ether Leeum (ETH) falls to less than $ 4,000, facing $ 3,908. This chart is integrated sideways for several weeks and emphasizes the decisive failure, confirming that the bear has been controlled in the short term. ETH has recently lost almost 20%of the highest level and emphasized the strength of this correction.
The main observation is that ETH has discovered temporary support near the 100 -day moving average (green line) and is currently nearly $ 3,900. This level is important for watching in the upcoming session. In the decisive nearby, you can open a door with an additional 200 -day moving average (red line), where the 200 -day moving average (red line) acts as the next main support area. Conversely, ETH must find a 50 -day moving average (blue line) near $ 4,400 to restore optimistic momentum.
Rejection of more than $ 4,700 and a quick retreat of less than $ 4,200 reflects the spear and liquidation of the aggressive leverage for several weeks. ETH is currently under pressure, but the ability to maintain more than $ 3,900 will determine whether this movement is a healthy reset or deeper correction. Investors will closely watch the stabilization signal before continuous rebound.
DALL-E’s main image, TradingView chart
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