Ethereum whales make massive moves: Is this your cue to buy ETH?
Main Idea
Ethereum whales and institutions are accumulating ETH amid price consolidation, suggesting potential buying opportunities, while key support and resistance levels indicate possible price movements.
Key Points
1. Ethereum whales and institutions are actively accumulating ETH, with notable transactions including a wallet acquiring 33,644 ETH worth $397 million and another purchasing 32,640 ETH worth $122.18 million.
2. SharpLink Gaming (Nasdaq: SBET) increased its ETH holdings by 29%, now holding 360,807 ETH.
3. ETH price remains stable at $3,682, with a 0.90% increase in the past 24 hours, but trading volume dropped by 17%.
4. Key support and resistance levels are identified at $3,650 (support) and $3,768.9 (resistance), with potential for an 8% decline if support breaks.
5. Major liquidation levels are noted at $3,359.7 (long positions worth $290 million) and $3,768.9 (short positions worth $589.17 million).
Description
Whales' and institutions' accumulation of Ethereum, hints an ideal buying opportunity
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