Ethereum triple bottom setup hints at a $4K breakout next

💡 DMK Insight

Ether’s mega whales are stepping in, and here’s why that matters: With ETH currently at $3,854.72, the accumulation by large holders indicates a potential floor forming in this price range. This behavior often signals confidence in the asset’s long-term value, especially during dips. Smaller holders selling off could create a temporary supply shock, but as whales absorb this supply, it may set the stage for a rebound. Traders should keep an eye on the volume and price action in the coming days. If ETH can hold above $3,800, it might attract more buying interest, while a drop below could trigger further selling. But here’s the flip side: if these whales are merely positioning for a short-term trade, we could see volatility spike as they offload their positions. Watch for key resistance around $4,000; if ETH can break through that, it could signal a stronger bullish trend. Conversely, if the price falters, it may indicate that the market isn’t ready for a sustained rally yet. Keep an eye on whale activity and market sentiment as we head into the weekend.