🐋 Whales Scoop Up $350M in ETH: Retail is Hesitant, But Should You Be?
While the Ethereum chart looks deceptively quiet, massive moves are happening behind the scenes. Let's break down why this "calm" might be the springboard for a major rally. 🚀
🔹 Retail vs. Smart Money
There is a clear divide in market strategies right now. Retail traders are hesitant to buy local dips—the Money Flow Index (MFI) shows weakness and a lack of aggressive demand. However, "Smart Money" is using this hesitation to accumulate.
📊 The numbers speak for themselves:
Since December 26, large wallet balances have surged from 100.48M to 100.6M ETH. That is an inflow of over $350 million in just 24 hours! Whales rarely deploy this much capital for short-term speculation—they see the fundamental upside.
🔹 Technical Outlook: Bullish Signals
Ethereum is nearing the completion of an Inverted Head and Shoulders pattern. This is a classic bullish reversal structure.
Key Level: To confirm the breakout, price needs to clear and hold above $3,390.Critical Indicator: A Bullish Divergence has formed on the RSI (from early November through late December). While price hit lower lows, the RSI hit higher lows. This is a rare signal that selling pressure is exhausted.
What’s next?
For a full-scale momentum shift, we need to see the MFI climb above the 37 mark. Once retail demand aligns with whale accumulation, resistance levels could break rapidly.
Are you buying the dip now or waiting for a breakout above $3,390? Let us know in the comments! 👇
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