A mysterious whale deposited 70,739 ETH ($174M) to exchanges, while spot ETFs saw $10.95M in net inflows—the 12th consecutive day of positive flows.
SPOT SETUP: $ETH
Entry: 2,383 – 2,422
TP1: 2,477
TP2: 2,521
TP3: 2,560
Price is holding above the 2,383 low after rejecting the 2,477 resistance. $ETH spot ETFs have now recorded 12 straight days of net inflows, with BlackRock's ETHB leading at $11.2M on September 1. However, a whale with 167,855 $ETH ($408M) has been moving tokens to exchanges over the past two days, creating overhead supply risk.
Risk: A daily close below 2,333 would weaken the recovery structure and suggest further downside.
Would you accumulate here or wait for a clearer signal above resistance?
SPOT SETUP: $ETH
Entry: 2,383 – 2,422
TP1: 2,477
TP2: 2,521
TP3: 2,560
Price is holding above the 2,383 low after rejecting the 2,477 resistance. $ETH spot ETFs have now recorded 12 straight days of net inflows, with BlackRock's ETHB leading at $11.2M on September 1. However, a whale with 167,855 $ETH ($408M) has been moving tokens to exchanges over the past two days, creating overhead supply risk.
Risk: A daily close below 2,333 would weaken the recovery structure and suggest further downside.
Would you accumulate here or wait for a clearer signal above resistance?
