Key results:

• Ethereum risks a 25% decrease in the direction of USD 1600 after it has not broken above many years of technical resistance.

• The whale moved over $ 237 million in ETH to exchange, adapting to the growth of ETH to Binance over five elementary days.

• Data on the portfolio suggest that immense ETH owners are redistribution or relief, increasing the pressure of bear.

The Ethereum family token, Ether (ETH), shows signs of susceptibility after breaking below the key long -term support level, just as a immense whale seems to lose hundreds of millions of ETH dollars.

The technical division is inserted by ETH USD 1,600

On the two -week chart, Etern has slipped below the lower line of the symmetrical triangle trend, which has been firmly since mid -2012.

In March, the 200-speed interpretation average mobility (200-speed EMA; Blue wave) near USD provided ephemeral reflection, but recovery stopped after hitting EMA with 50-speed EMA (blue wave) around USD 2545.

The 50-speed EMA is in line with the lower triangle trend line, creating a resistance convergence, which ETH Bulls has not overcome many times in recent months, including in June.

Other bear pressure indicators include a relative Ethereum force indicator (RSI), which remains below the long -term decreasing trend.

Despite the last price collections, RSI did not break the resistance of the trend line, pointing to the weakening momentum, strengthening the likelihood of further decline.

ETH risks to return in the direction of 200-speed EMA nearly USD 1,600, if this resistance convergence, marking the potential 25% of slides from current levels.

ETH Worts of whale drops among the stuck recovery

Ethereum data in the ONIN scope further emphasize the risk of falling ETH prices in the coming weeks.

Earlier in June two Ethereum wallets, 0x14E4 AND 0x26BBAccording to Etherscan, indefinite and withdrawal 95 920 ETH (~ $ 237 million).

Of this, 62 289 ETH (~ 154 million dollars) has already been deposited on stock exchanges, including HTX, Bybit and OKX in the last 20 days. The remaining 33 631 ETH (~ ~ 83 million dollars) is still in the whale address, potentially ready for sale.

Looconchain data resources believe that wallets are controlled by a single “massive whale”.

Binance sees ETH inflows for five days straight

Enormous transfers of eth whale for replacement are in line with the latest Cryptochant report.

It shows that Ethereum affects Binance, the world’s largest exchange of cryptocurrencies according to volume, has remained for five consecutive days.

Glassnode data Reveals further bears.

ETH delivery of the addresses from 10,000-100,000 ETH has fallen rapidly since mid -May, while in the group of 1,000–10,000 ETH recorded parallel growth.

This indicates that immense owners either spread their wallets into smaller fragments, or distribute ETH into fresh, probably relief, addresses, thus raising the prejudice of cryptocurrency.

Ethereum analyst: Rally up to $ 4,000 “Bottomant of time”

Emergency perspectives contrast with wider moods on the market.

Related: Ethereum set up to the rally, because it lasts above a key price of 2.4 thousand. USD: analyst

Agel analyst notes The breakthrough of this Ether above the weekly RSI’s weekly resistance, as discussed above, is only a “matter of time”.

“It will be a catalyst for recognizing prices,” he wrote, adding:

“From the first quarter of 2024, ETH Weekly RSI performed a lower minimum and therefore ETH was unable to recover USD 4,000.”

Other analysts also forecast that the ether price will boost compared to USD 10,000 due to supporting technical indicators and lasting capital flows to ETH -oriented investment funds.

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.