$ETH is locked in a risky Fear vs Greed battle near the $3,000 support level, with massive whale positions at risk.
🔹 One whale opened a massive $537 million long position at $3,175. After a 4.7% drop, this whale face an unrealized loss of $20.5 million. ETH led market liquidation with over $120 million wiped out in 24 hours.
🔸 The price is approaching the Whales' Actual Price the cost basis of over 100,000 ETH holder. This convergence only occurs 4 times in 5 years, often triggering large accumulation waves.
🔹 If the whales defend this price level, the 5th major accumulation phase will begin. However, if the price break below this cost basis, it could trigger liquidation and market capitalization.
Will smart money withstand the pressure to defend it entry point, or will greed ignite the next crash?
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