$ETH SURGES 4.53% TO $2,498 — WHALE SELLS 167,855 ETH ($408M) BUT BULLS OVERWHELM SELLING PRESSURE
· Price: $2,498.29 (+4.53%)
· 24h High: $2,529.84
· 24h Low: $2,379.41
· 24h Volume: 351,582 ETH ($865M USDT)
· MA(7): $2,505.47 | **MA(25):** $2,452.92 | MA(99): $2,436.24
The Catalyst:
Ethereum broke above $2,500 for the first time since late August, riding the same macro wave as Bitcoin. The rally came despite a mysterious whale selling ALL 167,855 ETH (worth $408 million) over the past 5 days.
Technical Setup:
· ETH is approaching a Golden Cross — when the 50-day MA crosses above the 200-day MA
· This technical signal often precedes sustained bullish momentum
· ETH's medium-term moving averages are rapidly converging below the market
What This Means:
The fact that ETH rallied 5.36% from its low of $2,370 despite a $408 million whale dump suggests institutional demand is absorbing selling pressure. The 24-hour volume of $865M USDT confirms strong buyer interest.
👇 Will ETH break $2,600 this week? Type YES or NO.
· Price: $2,498.29 (+4.53%)
· 24h High: $2,529.84
· 24h Low: $2,379.41
· 24h Volume: 351,582 ETH ($865M USDT)
· MA(7): $2,505.47 | **MA(25):** $2,452.92 | MA(99): $2,436.24
The Catalyst:
Ethereum broke above $2,500 for the first time since late August, riding the same macro wave as Bitcoin. The rally came despite a mysterious whale selling ALL 167,855 ETH (worth $408 million) over the past 5 days.
Technical Setup:
· ETH is approaching a Golden Cross — when the 50-day MA crosses above the 200-day MA
· This technical signal often precedes sustained bullish momentum
· ETH's medium-term moving averages are rapidly converging below the market
What This Means:
The fact that ETH rallied 5.36% from its low of $2,370 despite a $408 million whale dump suggests institutional demand is absorbing selling pressure. The 24-hour volume of $865M USDT confirms strong buyer interest.
👇 Will ETH break $2,600 this week? Type YES or NO.