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Whale Accumulates $39M in Ethereum After Market Dip as ETH Tests Key Levels

  • A whale accumulated 17,070 ETH, raising holdings to over 132K Ethereum worth $300M amid market dip.
  • $2,100 has become a critical support level after Ethereum's recent decline.
  • Analysts emphasize the importance of bulls reclaiming $2,350 for a short-term recovery trend confirmation.
  • On-chain signals suggest a potential accumulation phase below resistance.
  • Large investors are buying into the dip, contrasting with retail traders who show signs of panic.
  • A recent whale purchase of $39 million in ETH sparked interest, pushing the total holdings to 132,536 ETH.
  • The $2,100 support level remains crucial for short-term momentum.
  • Attention is on whether bulls can reclaim lost ground or if Ethereum may test deeper support levels.
  • Chart analysts point to $2,350 as a key breakout level for bullish control, with $2,827 as upper resistance and $1,870 as potential support.
  • Justin Wu suggests a 'Power of 3' pattern in Ethereum, indicating signs of accumulation with $2,350 as a critical breakout level.
  • Market sentiment is cautious with ETH trading at $2,251, awaiting clarity on further recovery or breakdown.
  • Ethereum's next move hinges on whether it can maintain support levels or revisit earlier lows, particularly $2,350.

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