#ETH走势分析 Sleeping whale suddenly moves! Someone withdrew 1,320 ETH from the exchange, worth over $10 million

Late at night, on-chain monitoring detected a significant move: an address that had been inactive for two years suddenly withdrew 1,320 ETH from the exchange in one go. What does a withdrawal like this usually mean? The holder probably plans to hold long-term. Especially when an address dormant for two years suddenly wakes up, it sends a certain signal—at the very least, this holder doesn’t intend to sell immediately.

But does a whale movement necessarily mean the market is about to take off?

From a technical perspective, ETH is indeed still running in a bull channel, but the problem lies in the hourly timeframe: the price is rising, but trading volume is shrinking. What does this divergence between price and volume indicate? The buying power may not be as strong as it appears on the surface. The momentum to keep pushing higher in the short term might be lacking.

My view is, to break directly through the previous high of $3,270? That’s quite difficult. It’s more likely that there will be a move down first to test whether support holds.

Where is the key support? First, look around $3,180. If that level doesn’t hold, then pay attention to the deeper support zone between $3,060 and $3,100.

As for trading strategy, jumping in at the current price isn’t a good risk-reward play. If it pulls back to around $3,180 and stabilizes, you can consider testing the waters with a small position. A safer approach is to wait for the price to truly return to the $3,060–$3,100 range, then build a position in batches. Remember: position management is always more important than nailing the exact entry point—never go all-in.

Whale moves can be used as a reference, but shouldn’t be the basis for decisions. Technicals show that the short-term needs consolidation space; instead of chasing highs blindly, it’s better to patiently wait for clearer support signals to appear.