ETH Whales Dey Sabi $480M As Withdrawals Dey Fall, Rally Dey Come
Ethereum whales don gather 128,718 ETH (about $480 million), according to Lookonchain, dem move token dem comot for FalconX and Kraken after price drop recently. On-chain data show say ETH withdrawal from exchanges don reduce, e different from the normal 250,000–300,000 ETH wey dey flow out during past cycle peaks. Whales dey defend strategic buy walls between $3,300 and $3,500. Meanwhile, ETH dey trade near $3,824, e don increase like 2% for the day. Technical indicators show say RSI dey around 37, e mean say e mild oversold, and MACD dey below zero with bearish momentum wey dey shrink. The positive directional movement index (DMI) dey also show say downside pressure dey ease. This mix of whale accumulation, reduced withdrawals, and solid support level mean say next rally fit happen, but the lack of withdrawal spike make people dey wonder if the cycle top don reach. Traders suppose watch whale activity and exchange flows well to catch signs of more volatility and price direction.
Bullish
Di big amount of 128,718 ETH (~$480 million) wey big whalesdey accumulate, plus sey withdrawal from dey exchange dey reduce and buy wall wey people dey defend for $3,300–$3,500, all dey show say demand and support strong well well. Technical indicators like oversold RSI, MACD bearish momentum wey dey go down, plus DMI wey dey climb, all dey confirm say short-term relief rally likely. Even though typical withdrawal spike no dey this time, so e no too clear when cycle go reach top, but all on-chain signals plus price moves together dey suggest say ETH market go dey bullish for short and long term.