$ETH Retail investors are still waiting for a bounce, but the whales have already withdrawn 🔥
Guys, looking back at the market over the past two days, ETH was first hammered down to 2,314 by the double blow of bearish CPI and PPI data. It bounced to 2,380, only to be suppressed by bears. It has now recovered to 2,454, but is the market really safe?
What stings even more is that on-chain data shows a whale had previously accumulated 15,810 ETH at an average price of around $4,101, but recently transferred 15,361 ETH to exchanges, with estimated losses of about $13.45 million. If even big-money players are starting to exit, we definitely shouldn’t stubbornly hold on!
On the charts, 2,467 is key short-term resistance, while 2,336 is support below. Buying volume on the rebound is insufficient, so a trend reversal cannot yet be confirmed.
Trading approach: Stay cautious and watch from the sidelines in the short term. Consider the rebound’s continuation only if the price rises above 2,467 on strong volume; if it breaks below 2,336, watch out for another dip.
The market action over the past two days has shown that buying the dip isn’t a winning strategy just because you’re bold. First, see how the market digests the macro headwinds, then wait for the charts to give a signal. Preserve your capital—that’s what gives you a chance to catch the next move! #美国9月PPI年率升至6.3% #澳大利亚提议加密交易申报法案
Guys, looking back at the market over the past two days, ETH was first hammered down to 2,314 by the double blow of bearish CPI and PPI data. It bounced to 2,380, only to be suppressed by bears. It has now recovered to 2,454, but is the market really safe?
What stings even more is that on-chain data shows a whale had previously accumulated 15,810 ETH at an average price of around $4,101, but recently transferred 15,361 ETH to exchanges, with estimated losses of about $13.45 million. If even big-money players are starting to exit, we definitely shouldn’t stubbornly hold on!
On the charts, 2,467 is key short-term resistance, while 2,336 is support below. Buying volume on the rebound is insufficient, so a trend reversal cannot yet be confirmed.
Trading approach: Stay cautious and watch from the sidelines in the short term. Consider the rebound’s continuation only if the price rises above 2,467 on strong volume; if it breaks below 2,336, watch out for another dip.
The market action over the past two days has shown that buying the dip isn’t a winning strategy just because you’re bold. First, see how the market digests the macro headwinds, then wait for the charts to give a signal. Preserve your capital—that’s what gives you a chance to catch the next move! #美国9月PPI年率升至6.3% #澳大利亚提议加密交易申报法案