Ethereum whales make massive moves: Is this your cue to buy ETH?

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).