A Whale Just Bought 10,000 Ethereum Time to BUY ETH Coins?
Just hours ago, a crypto whale scooped up 10,000 ETH worth over $25.32 million on Gemini. While retail investors panic during price drops, the big players are clearly playing the long game. So, should you follow their lead or sit this one out? Lets break it down.
Ethereum Price Analysis Whats Happening Right Now?
- Current ETH Price: $2,480.37
- 24h Change: +5.44%
- Market Cap: $299.45 Billion
- 24h Trading Volume: $21.56 Billion
- Circulating Supply: 120.72 Million ETH
Despite a recent dip, Ethereum remains one of the most actively traded and held crypto assets globally. With whales accumulating, the big question is what does the chart tell us?
Ethereum Price Prediction Buy or Hold?
Looking at the latest daily chart:
- Key Support Levels: $2,200 and $1,876
- Immediate Resistance: $2,535
- Current Price: $2,482 (testing near-resistance levels)
ETH/USD 1-day chart - TradingView
The RSI sits at 67.41, close to the overbought zone but still showing momentum for further upside. Price action recently broke out above the 50-day SMA at $1,876, confirming bullish sentiment. While were seeing minor consolidation under $2,535, this could be a healthy cooldown before the next leg up.
Portfolio Manager Verdict:
- Short-Term: Hold. Let the market retest the $2,535 resistance.
- Mid to Long-Term: Accumulate on dips toward $2,200 $2,300 for strategic positions.
Smart money is buying, and historically, following the whales has paid off well. If Ethereum holds above the $2,200 zone, the next target could be $2,800 $3,000.
How to Trade Ethereum on Bitget
Ready to ride the next ETH wave? Trading on Bitget is fast, secure, and comes with multiple options for spot and futures trading.
Get Started in 3 Simple Steps:
- Sign Up for Bitget with this referral link for exclusive bonuses!
- Deposit funds and select Ethereum (ETH) from the trading dashboard.
- Choose Spot Trading for long-term holds or Futures if you want to leverage and trade short-term price action.
Dont forget with Bitget, you can also earn passive income on your ETH holdings using Bitget Earn while you wait for the next price surge!
Read more: https://cryptoticker.io/en/ethereum-whale-buy-dip-price-analysis-bitget-trading/
Text source: CryptoTicker
