Whale go all in with $50 million long $ETH , will the $3,500 peak be broken soon?
On chain data has just revealed an aggressive accumulation move from the notorious whale wallet 0xb317, continuously adding long ETH buy order totaling up to $50 million usd.
๐น This whale increased its total holdings to over 100,000 $ETH at an average entry price of $3,160 usd and used 5x leverage.
๐ธ This action coincided with a surge in trading volume on Binance and the fact that ETH price had just reclaimed the $3,400 usd mark, creating a positive synergy.
๐น With such a large position, this whale is betting on a strong breakout above the psychological resistance of $3,500 usd this week.
Do you dare to follow this whale and long $ETH at the $3,400 usd price level, or are you concerned about the risk of a short term correction?
This article is for reference only this is not investment advice. Please read and consider carefully before making a decision.
