鯨魚或大型持有以太幣的實體繼續積累，因為以太幣仍停留在關鍵的心理阻力線以下。
一條鯨魚購買了 5,000 個以太幣 (ETH)，購買時價值 1280 萬美元。
區塊鏈分析公司 Scopescan 於 8 月 12 日發現了大筆以太幣購買行為，該公司指出，鯨魚地址上次下跌是在 ETH 跌至 2,100 美元大關時。
Shortly after the last whale purchase, Ether price recovered from $2,100 to $3,100, as highlighted by Scopescan in an Aug. 12 X post.
Investors often monitor whale buying patterns to gauge sentiment around the underlying asset. In the mentioned instance, the last time the whale bought ETH marked the local price bottom just before a strong recovery.
A “whale” in the cryptocurrency market typically refers to an entity or entities holding large amounts of a particular cryptocurrency. These entities can significantly influence the market by making large trades or holding substantial buying or selling orders.
The term “whale” is often used to describe investors who hold at least 1,000 BTC or a large amount of another cryptocurrency relative to the rest of the market participants.
? Whales, or large Ether-holding entities, continue accumulating as Ether remains stuck under a key psychological resistance line.
The last time this whale address bought the dip was when ETH fell to the $2,100 mark, shortly before it recovered to $3,100, according to an Aug. 12 X post by Scopescan.
Investors often look at whale buying patterns to determine the sentiment around the underlying asset. The last time this whale bought ETH marked the local price bottom just before a strong recovery.
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As reported by Cointelegraph, a death cross on the daily chart occurred on Aug. 8 when the 50-day moving average (DMA) dropped below the 200 DMA for the first time since May 2021.
A “death cross” is a technical chart pattern that reflects short-term price weakness compared to the long-term average moving price of the underlying asset. A death cross can often signal a favorable opportunity to purchase an asset at a discounted price.
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Ether needs to surpass $2,700 for more upside: Analyst
Following last week’s $510 billion crypto market sell-off, Ether staged a significant recovery.
As of 11:08 am UTC, Ether price rose over 18% during the past week to trade at $2,655, according to CoinMarketCap data.
However, for more upside momentum, Ether needs to decisively reclaim the $2,700 resistance, Aurelie Barthere, principal research Analyst at Nansen, told Cointelegraph.
The analyst noted that Ether price dropped below the 50 DMA following the recent death cross on the daily chart. According to Barthere, a death cross on lower time frames can present a buying opportunity.
“From a technical analysis perspective, a death cross on lower time frames could be presenting a buying opportunity, especially if the price has been consolidating for a while before the cross,” said Barthere, adding:
“In the case of ETH, the price has been consolidating for a couple of months now, following the market sell-off in May. So, while the death cross on the daily might be indicating further downside, it could also be presenting an opportunity to buy ETH at a discounted price.”
Barthere highlighted that the last time a death cross occurred on the daily chart was in May 2021, shortly before Ether price rallied over 300% to hit an all-time high of $4,876 in November 2021.
Magazine: Ethereum price will lag for ‘months’ as Bitcoin surges: X Hall of Flame, Roman
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