$ETH ETH Breaks Below Key Support—Can Whale Accumulation Reverse the Trend?
Folks, we were just saying 2407 was strong support, and then ETH plunged right through it, briefly wicking down to 2314.27! The bulls were caught off guard once again.
Looking at the charts, ETH is currently at 2377. Although it rebounded quickly from the low, the moving averages above are clearly acting as resistance, and the rebound still lacks strength. The 2380–2400 range is key short-term resistance, while 2314 is the low and support level to watch closely for now. Whether ETH can reclaim 2400 will determine how far this rebound can go.
What’s more interesting is that while the market was gripped by fear, a whale went the other way and spent $14.23 million to buy 6,010 ETH. This address had just sold 2,050 ETH, and now it has bought back in aggressively. That was a pretty decisive bit of selling high and buying low. Still, a whale buying doesn’t mean the market will reverse right away, so don’t rush to follow just because someone else is buying the dip.
Trading approach: Stay cautious in the short term. Wait for ETH to hold above 2400 before looking for the rebound to continue; if 2314 gives way again, be alert for another leg down. If you have a position, manage your risk; if you’re on the sidelines, wait patiently for a signal. Don’t let fear or greed make your decisions for you.
I’ll keep following ETH’s moves in the chatroom. The more turbulent the market gets, the more important it is to stick to your own plan! #9月CPI来袭原油美债走势如何 #交易员押注美联储再加息三次
Folks, we were just saying 2407 was strong support, and then ETH plunged right through it, briefly wicking down to 2314.27! The bulls were caught off guard once again.
Looking at the charts, ETH is currently at 2377. Although it rebounded quickly from the low, the moving averages above are clearly acting as resistance, and the rebound still lacks strength. The 2380–2400 range is key short-term resistance, while 2314 is the low and support level to watch closely for now. Whether ETH can reclaim 2400 will determine how far this rebound can go.
What’s more interesting is that while the market was gripped by fear, a whale went the other way and spent $14.23 million to buy 6,010 ETH. This address had just sold 2,050 ETH, and now it has bought back in aggressively. That was a pretty decisive bit of selling high and buying low. Still, a whale buying doesn’t mean the market will reverse right away, so don’t rush to follow just because someone else is buying the dip.
Trading approach: Stay cautious in the short term. Wait for ETH to hold above 2400 before looking for the rebound to continue; if 2314 gives way again, be alert for another leg down. If you have a position, manage your risk; if you’re on the sidelines, wait patiently for a signal. Don’t let fear or greed make your decisions for you.
I’ll keep following ETH’s moves in the chatroom. The more turbulent the market gets, the more important it is to stick to your own plan! #9月CPI来袭原油美债走势如何 #交易员押注美联储再加息三次