Whales $ETH appear to be trending upward on paper, but recent flows hint at a possible trap. š
$ETH trades near $2,438, while long-term whale positions are $979.63M versus $626.52M for short trades, with a Long/Short ratio of 156.36%. The longsā whales are showing an unrealized loss of about $5.55M, while the shorts are showing an unrealized gain of $1.78M.
Whatās notable here is that the last 30-minute flows showed 197 whale sell transactions versus 70 buy transactions. This creates a conflict between their large positioning and the new activity.
My plan: Iāll monitor the $2,435ā$2,445 zone for an upward reaction.
TP1: $2,452
TP2: $2,475
SL: $2,415
Invalidation: a stable 30-minute close below $2,415.
Reclaiming $2,452 with buying strength could support the continuation of the rally. But a break of $2,415 may increase pressure on the crowded long positions. This is just a plan Iām watching, not financial advice.
$ETH trades near $2,438, while long-term whale positions are $979.63M versus $626.52M for short trades, with a Long/Short ratio of 156.36%. The longsā whales are showing an unrealized loss of about $5.55M, while the shorts are showing an unrealized gain of $1.78M.
Whatās notable here is that the last 30-minute flows showed 197 whale sell transactions versus 70 buy transactions. This creates a conflict between their large positioning and the new activity.
My plan: Iāll monitor the $2,435ā$2,445 zone for an upward reaction.
TP1: $2,452
TP2: $2,475
SL: $2,415
Invalidation: a stable 30-minute close below $2,415.
Reclaiming $2,452 with buying strength could support the continuation of the rally. But a break of $2,415 may increase pressure on the crowded long positions. This is just a plan Iām watching, not financial advice.
