ETH just spiked 19% to $2,289 and someone moved $38M into it during the rally. 18,272 $ETH at a $2,109 average, not exactly bottom fishing 👀
Most traders fade pumps but this wallet is stacking into strength. RSI hit 93 on the 4h, funding's at 0.010% with longs paying up, and we're 2% off the 30d high. Volume's running 1.4x the 20-day average.
Either they're hedging something big or they see continuation through resistance. Watching how this plays out above the moving averages.
$ETH #ETH #Crypto #Altcoin
Inspired by EyeOnChain on Binance Square.
Most traders fade pumps but this wallet is stacking into strength. RSI hit 93 on the 4h, funding's at 0.010% with longs paying up, and we're 2% off the 30d high. Volume's running 1.4x the 20-day average.
Either they're hedging something big or they see continuation through resistance. Watching how this plays out above the moving averages.
$ETH #ETH #Crypto #Altcoin
Inspired by EyeOnChain on Binance Square.