๐จ APRIL 29 ETH TRADING SIGNAL: WHALES BUY THE FEAR ๐จ
Retail dumped 756K ETH last week while whales added 60K ETH โ a classic divergence. Here's the setup.
๐ ETH SETUP (April 29, 2026)
Current price: ~$2,312
Entry: $2,270 โ $2,300
Stop-Loss: $2,150
Take-Profit: $2,400 / $2,550 / $2,800
R:R: ~1:3.8
๐ฅ BULLISH CATALYSTS
- Whales accumulated 60K ETH while retail panicked
- Bitmine purchased 101,901 ETH (largest weekly buy of 2026)
- 39M ETH withdrawn from exchanges since Jan 2026
- RWA tokenization laws effective April 1 provide institutional floor
โก KEY LEVELS
- Resistance: $2,350 (100-day EMA) โ break above opens $2,400
- Support: $2,200 (50/100 SMA) โ must hold
- Breakout confirmation: Daily close above $2,400
- Next targets: $2,550 โ $2,800
- Invalidation: Close below $2,150
โ ๏ธ RISK MANAGEMENT
ETF outflows ($21.8M yesterday) and ETH/BTC weakness at 0.029 are headwinds. Fear & Greed at 42 offers asymmetric risk for patient buyers. Size down, stick to stop-loss.
๐ Will ETH reclaim $2,400 or break below $2,200? Drop your TA.
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