Ether Lee is one of the most powerful performers in the cryptocurrency market over the past two months, and has steadily soaring to reach the new all -time highs a few days ago. The rally strengthened the role of Ether Lee as a major altcoin, attracting institutional interest and retail speculation. However, some analysts warn that ETH may have a risk of falling in the future for several days of aggressive, and warns that ETH may be further down based on the trust of the investor after this aggressive execution.
But while concerns are growing, the chain data has been found to continue to accumulate whales. According to ARKHAM, a large whale with $ 59.7 billion in Bitcoin has now purchased an ETH worth $ 444.7 million. Yesterday, the whale moved $ 1.1 billion to a new wallet (169Q) and actively purchases ETH through Hyperunit. He accumulated more than $ 3 billion ETH and blocked the majority.
This tug of war between sales pressure and whale accumulation sets the stage of important moments in Etherrium's trajectory. On the coming days, we will reveal whether the whale is strong enough to maintain ETH support or whether the additional recovery is waiting.
As capital rotation increases, the whale takes billions of dollars in Ether Lee.
According to ARKHAM, one of the biggest whales in the market is now blocking more than $ 3 billion in Ether Leeum (ETH). This activity has attracted both the analyst and investor because it emphasizes the capital rotation trend to Bitcoin and Ether Leeum. Initially, the problem with $ 59.7 billion in the BTC is gradually changing his position by deploying funds through the hyper unit. His BTC address (169QYZJYKYKYW79C58MVXRZDHMFHPZPD) and ETH addresses (0x616767179C5305A89f133489f1334813481061CF0BA9E) are now strongly tracked by investors on his next movement.
After moving $ 1.1 billion from the BTC to a fresh wallet, the whale has already purchased $ 447 million, and his massive accumulation and signaling continued to add trust in Ether Leeum's future. Most of these holdings are scary to reduce liquid supply and emphasize long -term views rather than short -term guesses.
The problem still remains. Will he buy $ 650 million today? If so, additional demand can provide powerful support for Ether Leeum, as short -term price behavior shows weaknesses. More importantly, this capital rotation trend is a clear sign that Altcoin is preparing their turn. As investors rotate ETH and more in BTC, the foundation of a wider Altcoin cycle is formed, and in the next few weeks, volatility and opportunities are set.
Main demand level test
Ether Lee (ETH) is traded for about $ 4,369, showing signs of a few weeks of rapid meetings and a result of integration. The chart emphasizes how ETH has been cooled at the recent all -time high, nearly $ 4,900, but it remains tighter than the important moving average that continues to guide the optimistic structure.
The 50 -day moving average, which is nearly $ 4,372, is immediately supported and has been tested several times in recent sessions. Beyond this level is important for maintaining short -term exercise. On the other hand, the average 100 -day average is about $ 3,962 and the 200 -day average is $ 3,257, which suggests that even a deeper fullback can be fulfilled with powerful purchases.
However, Ether Leeum cannot push more than $ 4,600 in the short term. ETH is vulnerable to further integration because of its profits and wider market uncertainty. The decisive break of $ 4,350 or less can open for $ 4,000 for the next major demand area.
Ether Lee is maintaining a healthy rise, but the market is clearly waiting for a fresh catalyst. Whether it's a whale accumulation or a wider institutional flow, ETH requires a renewed purchase pressure to resume more than $ 4,800.
DALL-E's main image, TradingView chart
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