Ethereum is making big moves again! A crypto treasury company bought 13,000 ETH at once, worth over 40 million dollars. Is this a clear bullish sign from institutions, or is there more to it? Don't rush to follow; understanding the logic behind it is more important than blindly chasing the trend!
News
Early this morning, on-chain monitoring showed that Bit has increased its holdings by 13,412 ETH, which is a real and substantial purchase. Institutions continue to accumulate above $3,000, indicating what? They believe this position still holds value. But you need to be clear: institutional buying is usually done in batches; they can buy more as prices drop, while if you go all in, a single pullback might crush your mindset.
Technical analysis
On the 4-hour chart, ETH is currently fluctuating around $3030. The MACD shows a golden cross above the waterline, indicating that the trend is still bullish, but the price is approaching the $3100 resistance zone.
The key is that there are quite a few trapped positions in the 3100-3180 range, and a single breakthrough requires a massive volume to support it. The lower level of 3020 is a key short-term level; if it breaks, it may retest the 2930 support.
The volume shows that buying pressure is dominant, but the upward momentum is weakening, which means the market is waiting for new catalysts.
My opinion
I believe ETH is very likely to test 3100 upwards in the short term, or even probe 3180, but it will be difficult to stabilize directly. A more likely scenario is a surge - pullback - consolidation, forming a range between 2930-3180. If it can hold near 2930 upon retracement, it will be a relatively good mid-term entry point. Remember: institutional buying does not mean an immediate surge, but often indicates limited downside.
What should retail investors do?
If you haven't entered the market yet, don't chase high above 3080! Be patient and wait for a pullback; if it drops to the 2930-2980 range, you can build your position in batches.
If you already hold, it is recommended to reduce your position in the 3100-3150 range and wait for a pullback to re-enter. If you want to trade short-term, you can take a small position near 3020 to bet on a rebound, but be quick to enter and exit; don’t linger in battle.
The market always repeats a pattern: smart money quietly lays out, while retail investors frantically chase highs. The $40 million from Bit is not for charity; they are looking at the next 6 months, while if you only focus on tomorrow's ups and downs, you are destined to be left behind. If you want to learn how to predict major trends through institutional position changes rather than anxiously staring at the market all day, then follow me and participate in every attack from Hongcai! Hongcai will announce specific entry times and real-time news in the chat room every day!#ETH走势分析 $ETH
