$ 93 million in ETH is sold! – The next ethereum move, hinges on this support star-news.press/wp

Main meals

Pisces deposits of $ 93.66 million, coinciding with feverish futures and dumping momentum. But as 92 % of ETH portfolios continue to profit, the real question is – will you support $ 3,458 or a crack?

ETHEREUM (ETH) Whales caused panic after dumping 26,182 ETH worth $ 93.66 million for exchanges such as Binance, Kaken, OKX and Bybit in just 48 hours.

Each transfer ranged from 1000 to 2000 ETH, which dumped central platforms.

Source: Lookonchain

This wave of flows coincides with fluctuations in the wider market, which leads to a question of many whales preparing for more negative or just providing profits in the local highlands.

Immediate sellers take the initiative, feverish derivatives

The downtown momentum acquires traction.

At the time of the press, the CVD Spot Taker reflected the tacker of selling the dominant trend, indicating that market sellers surpassed buyers on central platforms, and supporting the large whale transfer evidence.

At the same time, the future bubble map of Cryptoquant contracts shows multiple temperature signals, indicating an increase in the leverage around the ETH area from 3400 to $ 3500.

When associated with an increase in the activity on the sale side, this increase can become unstable leverage if the financing is reset.

Of course, any series of references can intensify withdrawals, especially if the prices are declining to less than the main technical level.

Source: Cryptoquant

Could the temporary store of Ethereum can reduce the risk of immediate surrender?

Despite the increased downtles, data appears on the series that 92.26 % of ETHEREUM addresses are still “in money”, with only 4.77 % in the loss area.

Another 2.97 % of the exact sitting holders in Breakeven.

This wide margin of profitability gives the original a short -term pillow. However, this temporary store is high, and Breaken holders may turn Less than $ 3458 support zone.

As for the context, this region works as a decisive psychological level for my holders that may turn into interaction if the losses are wide.

Source: IntTHEBLOCK

Is the ETHEREUM support zone strong enough to resist weak momentum?

Ethereum fell to a major support range ranging between $ 3458 and $ 3,490, which was a strong reflection area.

However, the MACD index turned on the diligent daily chart, with the signal line crossing over the MACD line, indicating twice the bullish momentum.

This difference between price subsidies and momentum fading creates an unstable preparation.

Therefore, unless buyers interfere with a strong size, ETH may fail to keep this level. The collapse below this domain can open about $ 2906, which makes this support area necessary for the short -term direction.

Source: TradingView

The whale behavior turns into an irregular again

The Great Netflows in ETHEREUM was dramatically swinging over the past week, with a huge 7 -day increase by 8,294 % with -2,854 % decreased over the past ninety days.

These severe fluctuations indicate that whales are quickly replacing – detention of profits or the response to uncertainty in the macro. The insecurity in whale behavior adds more noise to the current price of ETH, especially with poor technical momentum.

Therefore, these wrong movements are alluded to hesitation between big investors. If external flows continue to rise while technologies collapsed, Ethereum may face more stability in the coming days.

Source: IntTHEBLOCK

Categorically, Ethereum faces a mixed bag of signals – where it is sold, the technique weakens, however most of the bearers are still profitable.

The current support area is between $ 3,458 and $ 3,490 is the main battlefield. If the bulls are successfully defending them, ETH may recover.

However, the ongoing whale to dump the whale and feverish futures can raise the balance towards the negative side. Merchants must closely monitor these levels.