On-Chain Megawhale Staking Strategy: Over the past 3 weeks, whales have cumulatively staked $208 million worth of ETH. The current ETH price is $1,873, which falls exactly within the $1,850–$1,950 consolidation range highlighted in the original text. Large-scale staking reduces the exchange’s circulating supply. This bullish logic still holds at the current price, so the strategy is effective. #ETH
Key Levels Compared: The lower end of the range at $1,850 is strong support, and the upper end at $1,950 is the breakout confirmation level. The original assessment is that breaking above $1,950 would confirm the start of a new upward leg. The current price is only 4% away from the breakout level. If ETH continues to consolidate above $1,850 and absorbs sell pressure, the probability of a breakout will gradually build. TON is currently trading at $1.60 and is also strengthening, indicating that capital has not left the market.
Key Levels Compared: The lower end of the range at $1,850 is strong support, and the upper end at $1,950 is the breakout confirmation level. The original assessment is that breaking above $1,950 would confirm the start of a new upward leg. The current price is only 4% away from the breakout level. If ETH continues to consolidate above $1,850 and absorbs sell pressure, the probability of a breakout will gradually build. TON is currently trading at $1.60 and is also strengthening, indicating that capital has not left the market.