#比特币对比代币化黄金 Dormant Whale Moves: 1,320 ETH Suddenly Transferred—Signal or Noise?

Early this morning, on-chain monitoring picked up an interesting action—a wallet that had been inactive for two years suddenly withdrew 1,320 ETH from an exchange. At current prices, that’s over $10 million. Transferring funds to a cold wallet usually signals confidence in long-term holding. The awakening of this dormant account reveals something about seasoned players’ outlook on the market.

However, on-chain signals are only part of the picture.

On the technical side, ETH’s hourly chart is actually sending mixed signals. While the price is still moving in a bullish rhythm, trading volume is clearly lagging—a classic case of price-volume divergence. If the price keeps pushing higher under these conditions, it’s likely lacking momentum. The market would benefit more from a breather and some consolidation first.

Personally, I don’t think the odds of directly breaking above the previous high at $3,270 are great. The price is more likely to test support levels first. The first key area to watch is around $3,180; if it dips further, see if the $3,060 to $3,100 range can hold as support.

How to trade this? Chasing at current levels is a bit risky. If the price pulls back to around $3,180 and stabilizes, you could try a small position. The safer approach is to wait for it to dip into the $3,060–$3,100 range and scale in gradually. Remember: don’t go all-in—position sizing is always the top priority.

Ultimately, whale moves can be a reference point but shouldn’t be your only basis for decisions. The current technicals are telling you: short-term consolidation is needed. Rather than rushing in, it’s better to wait patiently for a clearer support signal. The market isn’t going anywhere, but your wallet might end up empty if you’re not careful.