Whale buys $28.5 million in ETH! Is Ethereum ready to break $4,000?
Attention! The four major crypto whales just scooped up 8,440 ETH from Binance, worth as much as $28.43 million! This astonishing move comes at the beginning of a rebound after ETH's price experienced a 22.5% plunge, it's like it's telling us: the opportunity has arrived!
What do we think about the current momentum?
ETH has just defended the $3,100 level, which is the 200 EMA support, and now it has stabilized at $3,400! The key point is, the daily candle has formed a bullish Pin Bar with a long shadow, signaling that the bulls are about to make a move!
What does the technical side suggest?
If ETH breaks through the resistance zone at $3,500, the target could soar directly to $4,000, with an upward potential of 17%! Market sentiment has clearly turned bullish, and the entry of whales further confirms this signal.
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