In the world of cryptocurrency, the presence of a 'whale' - a player with a significant amount of capital - can greatly influence market trends. Recently, a whale's intervention was observed prior to the approval of the Ethereum ETF, suggesting a strong support level for the cryptocurrency.

This pattern of whale activity is not exclusive to Ethereum. Despite the absence of clear traces, signs of whale intervention are also surfacing in the Bitcoin market. During periods of price stagnation, the taker buy/sell ratio on Binance, a leading cryptocurrency exchange, is showing an upward trend.

Similar trends are also being noticed in the Ethereum market. The taker buy/sell ratio increased just before an upward move during a sideways trading range, and this pattern is currently repeating itself.

These observations indicate that whales are actively participating in the market, potentially providing a strong support level for these cryptocurrencies. This could be a positive sign for the overall market, suggesting a bullish trend in the near future.