Whale Invests $300 Million in Ethereum Amid Market Stabilization
Ethereum Stabilization Overview
- Ethereum is stabilizing above $4,200 after volatility and selling pressure.
- ETH retreated from highs near $4,800, necessitating defense of critical demand zones.
- Early signs indicate a potential shift back to buying momentum as selling pressure fades.
- Improving technical signals support cautious optimism among investors.
- A whale recently longed approximately $300 million worth of ETH, indicating confidence in Ethereum's outlook.
Whale Activity Details
- A whale identified as address 0x2eA longed $282 million in ETH across three accounts on Hyperliquid.
- Liquidation prices are set at $3,699, $3,700, and $3,732.
- This positioning suggests the correction may have bottomed.
Market Dynamics
- Futures markets are heating up, leading to potential volatility.
- Institutional adoption continues, with companies integrating ETH into their treasury strategies.
- If bullish momentum builds, ETH could retest the all-time high near $4,800.
Weekly Price Chart Analysis
- ETH's weekly chart shows a pullback testing support around $4,200 after highs near $4,800.
- The broader trend remains bullish, supported by upward sloping moving averages.
- Consolidation above $4,200 may lead to a move toward the $4,800–$5,000 resistance zone.
- A drop below $4,000 raises the risk of a deeper correction towards $3,600.
