ETH has fallen below 3,100 again.
If you’re holding a long position, your pulse probably spiked. But before panic or blind faith takes over, let’s step back and look at what really matters right now — on-chain behavior and technical structure.
Because while retail is hesitating, the whale is already acting.
🐋 On-Chain Alert: The $64M Short Whale Is Taking Profits
Fresh on-chain data shows a major move:
The legendary swing-trading whale, previously holding a $64 million Ethereum short position, has begun aggressively reducing exposure during this downturn, locking in profits with textbook precision.
This isn’t fear.
This is disciplined capital management.
But here’s the key point:
the whale has not fully exited.
What Signal Is the Whale Sending?
Current status:
Remaining position: 8,377 ETH short
Leverage: 3×
Floating profit: ~$150,000
What does this tell us?
The whale believes the downtrend is not finished,
but is locking in profits early while keeping a reduced position open.
This sends a very clear message to the market:
Short-term rebound or consolidation is possible
Medium-term bearish pressure still exists
The bears are engaging and retreating at the same time — and retail should take note.
📉 4-Hour Technical Analysis: All Indicators Explained
Let’s break down the 4H chart, indicator by indicator.
🔹 MACD (12,26,9)
DEA: 23.60
MACD: 39.14
Histogram remains positive, but:
Fast and slow lines have crossed at high levels
Downward divergence is forming
📌 Momentum is clearly weakening
🔹 RSI (4,12,24)
RSI1: 31.53
RSI2: 41.21
RSI3: 49.34
All RSI values are below 50, confirming a weak trend —
but not yet deeply oversold.
📌 Selling pressure dominates, but exhaustion is approaching.
🔹 KDJ (9,3,3)
K: 48
D: 27
J: 7.01
The J value is close to 0, which often signals:
Short-term rebound demand
Oversold conditions forming
📌 Rebound potential exists — but within a bearish structure.
🔹 Volume Analysis
Latest volume: 8,946.94
Significantly lower than MA5 and MA10
This suggests:
Downward momentum is slowing
But bulls have not yet entered aggressively
📌 The market is pausing — not reversing.
⚠️ Key Levels: Where the Market Decides
Major resistance: 3,310
Critical pivot: 3,060
Key support: 2,780
Right now, the market is waiting for confirmation:
Either a volume-driven breakdown below 2,780
Or a news-driven rebound holding above 3,060
At this stage, emotional trading is the biggest risk.
🎯 What Should ETH Traders Do Now?
🟢 For Long Players
If price stabilizes near 3,060, a small-position long can be attempted
If price drops toward 2,780:
Gradually accumulate spot
Take profits on rebounds
Do not be greedy
📌 Until the trend reverses, all longs are rebound trades, not trend trades.
🔴 For Short Sellers
If price rebounds into the 3,180–3,250 zone and stalls:
Consider shorting with tight stop-losses
Or:
Wait for a volume-confirmed breakdown to follow the move
⚠️ Avoid chasing shorts at the bottom — oversold rebounds can be violent.
📌 Remember: the whale is still short, but even the whale is cautious.
🧠 Muhe’s Viewpoint
The whale’s behavior tells the real story:
Bears are not surrendering
But they are becoming cautious
Confidence is fading, flexibility is increasing
Technically:
Momentum is weakening across the board
Only the KDJ J-value near zero hints that a rebound could happen at any moment
🎯 3,060 is the battlefield:
Hold it → rebound likely
Lose it → deeper correction toward 2,780
This is not the time to pick sides emotionally.
It’s the time to wait, observe, and strike with precision.
🏹 Final Words
Markets don’t reward stubbornness.
They reward discipline and timing.
The whale is engaging while retreating.
Retail should learn to do the same.
If you want to know exact entry points, safest stop-losses, and real-time alerts, Muhe has already prepared them in the village.
👉 Join the Muhe villagers
👉 Ambush the market — don’t chase it$ETH
