ETH Holds $1,887 as Whales Accumulate 100K ETH — Retail Wallets Are Selling!
Ethereum is trading near $1,887**, up about 0.5% today. ETH continues to consolidate in the tight **$1,800–$2,000 range.
🐋 The Divergence: Over the past week, retail wallets (100–10K ETH) offloaded a combined 160,000 ETH, continuing a distribution pattern since late April. Meanwhile, whale investors (10K–100K ETH) have been on the opposite side, accumulating roughly 100,000 ETH.
On-Chain Signal: CryptoQuant contributor MorenoDV suggests ETH may be approaching another bottom — the Net Unrealized Profit/Loss (NUPL) of ETH held on Binance has declined near the key -0.35 level, which historically coincided with major bottoming phases.
Key Levels: Support at the 50-day EMA $1,865**; resistance at the 100-day EMA **$1,922 and $1,961.
$ETH
#Ethereum #ETH #WhaleAlert #Accumulation #Altcoins
Ethereum is trading near $1,887**, up about 0.5% today. ETH continues to consolidate in the tight **$1,800–$2,000 range.
🐋 The Divergence: Over the past week, retail wallets (100–10K ETH) offloaded a combined 160,000 ETH, continuing a distribution pattern since late April. Meanwhile, whale investors (10K–100K ETH) have been on the opposite side, accumulating roughly 100,000 ETH.
On-Chain Signal: CryptoQuant contributor MorenoDV suggests ETH may be approaching another bottom — the Net Unrealized Profit/Loss (NUPL) of ETH held on Binance has declined near the key -0.35 level, which historically coincided with major bottoming phases.
Key Levels: Support at the 50-day EMA $1,865**; resistance at the 100-day EMA **$1,922 and $1,961.
$ETH
#Ethereum #ETH #WhaleAlert #Accumulation #Altcoins