Particle.news
Download on the App Store
3 ARTICLES
·
4h ago

Ethereum Steadies After $19 Billion Shakeout as Whales Buy the Dip and Support Levels Come Into Focus

Attention shifts to the $3,825–$4,300 zone that could define the next move toward $4,500–$5,766.

Image
Image

Overview

  • ETH traded near $3,842 late Saturday, consolidating after a swift drop that tested key support reclaimed earlier in the week.
  • Analysts attribute the slide to a reported $600 million BTC short and $300 million ETH short by a large whale that helped trigger roughly $19 billion in liquidations.
  • On-chain trackers report aggressive dip-buying, including about 230,000 ETH accumulated by whales and a fresh 23,823 ETH transfer to Bitmine from BitGo after a 20,020 ETH inflow via FalconX two days prior.
  • Chart watchers highlight $3,825–$4,300 as crucial support, with a break above watch levels near $4,260–$4,600 reinforcing a bull-flag setup and a path toward $5,766, while a loss of support risks a move toward lower zones near $3,500–$4,000.
  • Risk sentiment reflected broader headlines, with outlets linking the turbulence to President Trump’s floated 100% tariff on Chinese imports.