A $2.6 Billion Ethereum Whale Bet Faces the Same Trap That Triggered a 43% Crash
BeInCrypto
Ethereum faces potential downside risks as whale accumulation patterns mirror a structure that preceded a significant 43% price crash earlier this year.Summary
Ethereum is currently trading within an ascending channel, but technical indicators including Smart Money Index indecision and bearish RSI divergence suggest weakening momentum. Despite massive whale accumulation totaling $2.65 billion, historical data indicates this behavior mirrors a pattern observed in January, which preceded a 43% price drop. Analysts are closely watching the $2,024 support level; a breakdown could signal further declines toward $1,925 or $1,800, while a recovery above $2,162 would be required to invalidate the current bearish outlook.
(Source：BeInCrypto)