Longest Ether dip since 2022 ignored by whales: What’s next for ETH?

💡 DMK Insight

Whale activity is shifting, and here’s why that matters for ETH: The recent trend of shrinking order sizes among Ether whales signals a potential change in sentiment. With ETH currently at $1,850.65 and a looming $2 billion short cluster near the $2,000 mark, traders should be cautious. This tightening liquidity could lead to increased volatility as positions are tested. If ETH can’t break through that $2,000 resistance, we might see further downside pressure, especially after six consecutive weeks of red. But here’s the flip side: if the whales are indeed pulling back, it might indicate they’re anticipating a larger move, either up or down. Keep an eye on the $1,800 support level; a breach could trigger more selling. Conversely, if ETH manages to reclaim $2,000, it could spark a short squeeze, pushing prices higher. Watch for volume spikes around these key levels to gauge market sentiment and potential reversals.