Ethereum is going through a delicate period. Since the beginning of October, Trend Research has multiplied massive sales, discharging for $ 455 million in the market. However, against all odds, Ethereum holds good around 4,590 dollars. Can this resilience last in the face of the growing selling pressure?
In short
- Trend Research has sold 102,55 ETH since October 1, $ 455 million.
- On October 5, this whale sold 41,421 ETH in a single day, for $ 189 million.
- Despite these sales, Ethereum maintains $ 4,590 with an increase of 2.03 % over 24 hours.
- Particular traders also adopt a risk reduction strategy on the long -term market.
Ethereum faced with whale pressure
Since the rebound of the market, Ethereum has struggled to really fly away. The whales have chosen to massively liquidate their positions.
Trend Research also launched, on October 1, a second wave of particularly marked sales. The cryptocurrency data confirm this offensive: the average size of the orders has increased sharply, with four consecutive days of massive transactions.
This dynamic is reflected in the figures. Ethereum's net exchange flow recorded 81,700 ETH at entries, which reflects an intense spot sales activity. Historically, when leading actors like Trend Research are offset from their assets, it is often the sign of a lack of conviction regarding the immediate trajectory of the market.
Particular investors, either, are not more confident. On the term contract market, small traders have dominated the seller side for two days. The CVD indicator of cryptocurrency highlights a “dominance of the salesmen”, displayed in red. Clearly, many retailers close their positions, preferring to reduce their exposure.
This concerted movement – Aggressive sales of whales on one side, cautious disengagement of individuals on the other – illustrates a latent downward trend. More than just a technical correction, this attitude reveals a feeling of distrust of Ethereum's ability to prolong its immediate increase.
Unexpected resistance that intrigues analysts
Despite an unfavorable context, Ethereum continues to thwart the lowering anticipations. The asset is still evolving in an ascending channel, which began from its hollow at 3,800 dollars, and has even reached a recent summit at 4,619 dollars. This resistance capacity shows that the market effectively absorbs selling pressure, without giving in to panic.
Technical signals support this positive reading. The Directorate Movement Index (DMI) increased from 20 to 28, proof of a revival marked with upward dynamics. In parallel, the relative vigor index (RVGI) rose to 0.22, confirming this constructive trend. Such levels often reflect a potential for continuation if the current conditions are maintained.
In this scenario, Ethereum could first target $ 4,673, before testing the key resistance of 4,800 dollars. A clear crossing of this psychological threshold would open the way to $ 5,000, a symbolic level with few technical obstacles above. Conversely, if the selling pressure of the whales resumes the ascendant, a withdrawal to 4,415 dollars would remain likely, with a strategic support located at 4,248 dollars.
The showdown between buyers and sellers now reaches its climax. The real test will be whether the price of Ether can withstand massive sales pressure and maintain its upward dynamics. The next few days promise to determine whether this resilience is just a stay or the prelude to a new Haussier rally.
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