Whale splashes $77.2 million to bottom fish Ethereum! Will ETH spark a frenzy?
Big whales are moving, with an average price of $32,000 acquiring 22,919 ETH, and the short-term strike success rate is as high as 84%, with profits reaching $4.57 million! This precise bottom fishing directly hits the market's psychological bottom line, and the whales' faith is at an all-time high, but will retail investors dare to chase?
Currently, the ETH price is consolidating above the key support level of $3,300, aiming to break the resistance at $3,400. But don't celebrate too early, the 4-hour chart shows that the resistance between $4,052 and $4,097 is as solid as a rock, and a breakthrough requires more funds to flow in. Market sentiment is neutral, with the MFI (Money Flow Index) reported at 51.11, not yet in the overbought or oversold zone, but this is just the calm before the storm!
If ETH can break through $3,400 with volume, the volatility could ramp up, aiming for higher resistance levels. Otherwise, the short-term watchers may end up laughing last. Can this crazy gamble by the whales bring about a real bull market celebration? We shall see!
Understanding market rhythms is the beginning of wealth control! Follow Lao Tan closely, lay out your strategy in advance, and let the next peak belong to your account! Keep an eye on Lao Tan, and never let opportunities slip away!
