ETHEREUM – Analysis of the 1.34 billion dollar whale effect on ETH prices star-news.press/wp

Main meals

Pisces accumulation, likely feeling, and the high S2F ratio supports ETHEREUM gathering. But can the signals that extinguish their arrest are out of the Ehth Rally?

A mysterious whale has fueled speculation around it ETHEREUM (ETH) After creating ten governorates in just eight days and raised 312,052 ETH, at a value of $ 1.34 billion from Falconx, Galaxy Digital and Bitgo.

Of course, this aggressive step is in line with the continuous recovery of ETHEREUM, where the price is about $ 4,299 at the time of the press after the gathering sharply from the lowest levels of July.

According to a large scale accumulation often indicates a strong condemnation of high-capital entities-a factor that can affect market morale.

The question now is: Will this accumulation ignite the following collapse of Ethereum, or will it be warned?

Will Ethereum give up the main fibonacci resistance levels?

Ethereum prices showed a clear upward trend, as the decline level tested 0.618 Vibonacci embarrassment at $ 4,324.

The assembly has been supported by the constantly minimum since June, indicating a solid bullish structure.

However, at the time of writing this report, the RSI index (RSI) reached 72.99, with highlighting the conditions that may lead to a short -term withdrawal.

While exceeding the barrier of $ 4,324 may pave the way to the level of 0.786 at $ 4,587, the failure to retain momentum can witness a $ 4,139 re -test. Therefore, merchants should weigh the possibilities of penetration against excessive risks in the peak.

Source: TradingView

Can upscale feelings maintain the pushing of the upward eth?

The likely feelings rose to 0.928 in August, noting the renovation of optimism despite the recent fluctuations.

Historically, feelings of feelings often coincided with strong gatherings, and the current preparation mirrors from the upcoming stages of this year.

Of course, the operations that feelings driven can fade quickly if they are not supported by continuous purchase. The accumulation of the whale or institutional flows is likely to be necessary to maintain the bullish momentum.

Source: Santim

Do you recount Ethereum stronger than ever?

The stock rate to the flow of ETH has increased to its highest level in 54.5, as of writing, indicating an increase in the perceived scarcity.

Historically, these nails coincided with the periods of aggressive accumulation and the appreciation of the subsequent prices.

This height indicates a decrease in sales activity, and this may be due to long -term behavior.

However, although the scarcity supports the bullish momentum, it can lead to increased volatility if the demand suddenly relieves.

Therefore, the S2F height adds the weight to the oud Ethereum condition, but it does not eliminate the risk of patching in the short term.

Source: Santim

Can the profit of slow momentum ETH?

At the time of the press, the MVRV Z degree increased above 1.3, which reflects a large percentage of its owners sitting on profits.

The high MVRV readings often precede the profit achievement stages, which can slow the marches.

However, the strong activity on the chain and the purchase of whales may control the pressure pressure, especially if the feeling of correction remains.

Source: Santim

Can Ethereum upstream surpass the risks?

ETHEREUM gathering is turned on by accumulating whales, strong feeling, and scarcity, but there are still conditions at the peak of purchase and the risk of profit.

If the activity of the whale continues and the force gets the chain, the Ethereum may go towards the upper Vibonacci goals.

However, without constant purchase pressure, the short -term decline remains a possibility.