Most traders watch price. Smart money watches the $2,550 resistance instead.
The latest on-chain data shows a surge in whale activity around the $2,550 level, while daily and 4โhour charts confirm it as the key hurdle for a larger breakout.
On September 18,
$ETH rallied back to the $2,500 zone after a dip near $2,400. The daily chart still shows a pronounced cap at $2,550, with a 20โEMA hovering just below it. The 4โhour chart mirrors this, with a tight consolidation between $2,480 and $2,550. Whale wallets have increased their holdings by 12% in the last 24 hours, and the number of addresses holding over 10,000
$ETH has risen from 1,200 to 1,350.
What does this mean for price? If the $2,550 ceiling holds, weโre likely to see a prolonged rangeโbound phase with a potential for a higher low. Break the barrier, and the next logical target is $2,800, aligning with the 50โEMA and the 200โday moving average. The current volume spike suggests that institutional players are primed for a breakout, but theyโre waiting for a clear confirmation at $2,550.
Watch list: Keep an eye on the 4โhour VWAP. If
$ETH closes above the VWAP on the 4โhour chart while volume remains above the 200โhour average, itโs a strong sign that the smart money is ready to push higher.
#ETH #CryptoAnalysis #WhaleWatch Are you ready to spot the next move before the crowd?