💥Shocking warning! The ETH three-year Whale has awakened and is dumping, is a second bottom coming?!


🔥 Market Overview (Evening of April 17)
The long-dormant old Whale that has been asleep for three years awakens. A Whale with an early cost of only $0.31 for ETH suddenly transfers out 9,000 tokens, of which 3,000 have been sold off. As panic spreads, is this a signal of a second bottom or the calm before the storm?
From a technical perspective, 1614 is a key support and resistance point. Short positions can be laid out at this level, with an additional position at 1654. The targets are 1556 and 1500 respectively; conservative traders may wait for a break below 1556 to short, with a stop loss set at 1567.
Currently, the price is once again testing the low point near 1537, the shark pattern is starting to show signs.
First Potential Reversal Zone (PRZ): 1496–1504
Second deeper reversal zone: 1440–1442
If the pattern fully breaks out, it means that ETH may experience a new round of decline, and long positions at low levels can be ambushed in two support zones. The layout of short positions near high resistance remains the main strategy.
ETH-3.16%
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