Ether Lee has been a controversial leader in the encryption market in recent weeks and has improved the driving force on both price behavior and basic basics. From tofling of open interest charts to leading whale accumulation and network activities, ETH continued to create a wider market sentiment. The role as an engine of capital rotation from Bitcoin to Altcoin strengthened this dominance and made Ether Leeum an asset as the market entered a new stage.
But recent retreats have paid attention. After a surge in a new high, ETH withdraws to lower demand levels, causing fear among traders worrying that momentum can disappear. Nevertheless, the warm chain data suggests that the foundation remains solid.
According to the main insight of Lookonchain, Bitcoin OG, which recently purchased 641,508 ETH, was $ 29.4 billion. After pausing for a while, the whale resumes the accumulation to indicate trust in the long -term trajectory of Ether Leeum. For many people, these aggressive purchases are the opposite of short -term volatility, and the price is shaken, emphasizing how large players can continue to see opportunities.
Purchasing OG WHALE as Ether Lee Maints a key level.
According to lookonchain, after two days of rest, the whale converted 1,000 BTC ($ 122.7 million) to the hyper liquid and switched to ETH. This latest movement strengthens the trend of aggressive whale accumulation. Price behavior is a factor that continues to support Ether Lee's optimistic outlook while showing signs of weaknesses.
This accumulation is particularly noteworthy. Ether Lee Rium recently tested important demand levels that raised concerns among traders by rapidly repaying the new high. Some analysts warn that ETH can be vulnerable if these areas are not maintained, and the wider market sentiment is expected. But according to a consistent purchase of whales, the main player adds to the claim that retreat is not a reversal, but still powerful.
In this context, it will be decisive in the next few weeks. If Ether Lium integrates the above support and goes up higher, it will confirm the continuation of the upward trend and verify the whale's confidence -centered purchase. On the contrary, correction may be expanded without maintaining the demand area. The current return of large -scale accumulation emphasizes that Ether Leeum's long -term trajectory is still optimistic despite short -term volatility.
ETH test major demand level
Ether Lee is a 3% decrease every day and has a nearly $ 4,370 deal and has been cooled to more than $ 4,750. The daily chart shows ethical integration after the steep rally, which began in mid -July. The price came out at a long integration stage near $ 2,700 and surged more than 70% in a few weeks.
It occurs as ETH tests short -term demand. The price is $ 3,941, which is much higher than the 50 -day moving average and is now used as a dynamic support. The average of 100 days ($ 3,244) and 200 days ($ 2,662) is on the rise, and the wider market structure is still optimistic. It is important to maintain more than $ 4,200 to maintain momentum because this area matches the recent brake out level and provides a higher foundation for the next leg.
The resistance remains around 4,750 ~ $ 4,800, and the seller was entered during the last rally attempt. The decisive rest on this zone will open a new high -level door. If you do not maintain more than $ 4,200, you can cause a deeper full back to $ 3,900.
DALL-E's main image, TradingView chart
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