A giant whale is aggressively buying 54,449 ETH for a floating profit of $12.5 million! $ETH is still hovering around 1920. Mig: Smart money is already onboard—are you going to join?

Brothers, today ETH is consolidating around 1920. What’s worth watching is that on-chain, a massive whale has accumulated a total of 54,449 ETH since June 30, worth $94 million, with an average cost of $1,726. Its floating profit is already over $12.5 million. While you’re still hesitating, smart money has already boarded.

On the 1-hour chart, after falling from 1953, ETH has been range-trading and consolidating between 1900 and 1930. The MACD fast and slow lines are sticking together, and volume is shrinking—this is a typical upward continuation pattern. Resistance near 1950–1953: a breakout could target 1980–2000. Support at 1900–1910 has already formed. On a larger timeframe, Ethereum has rebounded 29% from the June 26 low of $1,500. However, on-chain activity hasn’t fully recovered yet. DApp revenues have dropped to the lowest level since September 2024—this is the concern that could limit a continued rally.

The whale’s accumulation schedule is very clear—over the past 10 days, it has withdrawn 34,500 ETH from Binance in total. Today the data has been updated to a cumulative 54,449 ETH, with an average cost of $1,726. Based on the current price, the floating profit is over $12.5 million. The timing of this address’s buys is especially precise: it keeps adding during market declines, not chasing price up—it’s steadily picking up dips in batches. From June 30 to now, ETH has gone through a roller coaster from 1800 to 1500 and then to 1900. It kept buying the whole way, and now the position is entirely in profit.

Mig’s suggested two-way strategy:
For shorting, enter short positions on a rebound around 1920–1930. For a more conservative approach, place shorts again if the rebound reaches 1950–1955.
For longs, when a sell-off shows signs of stopping around 1890–1905, go long with a light position.

Personal view:
Brothers, the whale is using $94 million to tell you one thing—if it’s willing to buy ETH at $1,726, it’s still holding ETH at $1,924. Smart money is already comfortably seated on the train—so what are you hesitating for? Of course, don’t chase if 1950 hasn’t been broken yet. Wait for a pullback near 1900 before jumping in. When the trend comes, you have to dare to board—but your mindset is determined by where you get on.

#香港存储概念股走强 #Circle推动3.3亿美元稳定币流入Solana