129K ETH Whale Transfer Don Spark Sell-Off Fears Amid Whale Accumulation
Ethereum whales don double dia buy-the-dip mindset, add over $263 million worth ETH as price drop 12.8% after US and Iran tension. For June 21, wallets wey get more than 10,000 ETH gather extra 116,000 ETH, one whale alone buy 9,400 ETH (≈$39 million). But blockchain tracker Whale Alert signal say 129,392 ETH (≈$313 million) move from inactive wallet go Coinbase—na im first serious outflow since November 2022—this happen as ETH drop under $2,500, $2,450 and main $2,362 supports. TradingView technical side show momentum dey weak for inside Ichimoku Cloud and bullish trendline break, mean say fit fall reach $2,151, $1,954 and $1,750. As dem publish, ETH dey trade near $2,290, down 5.5% for 24 hours and 10% for one week. Traders suppose dey watch support at $2,151 and resistance at $2,735, manage risk because political wahala dey and dey monitor exchange inflows for more signs of sell pressure.
Bearish
Di big 129K ETH wey dem transfer go Coinbase dey show say sell pressure fit dey, especially as ETH don break important support dem for $2,500, $2,450 and $2,362. Technical indicator dem for TradingView plus wan fadin Ichimoku Cloud trend dey suggest say price go fit fall more reach $2,151, $1,954 and $1,750. Even though whales still dey gather when market dip—dat be traditional bullish sign—the immediate market reaction nah negative. Short-term risk don rise due to exchange inflows and broken bullish trendlines, e fit make downward momentum continue till clear support hold. Traders suppose manage their positions well and dey watch for stabilizing signs before dem enter again.