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Don't be afraid of ETH plummeting, go long immediately!
The Ethereum Foundation has launched the Clear Signing open standard, kicking the "blind signing" elephant out the door—now confirming transactions on wallets is clear at a glance, and phishing scams are directly shattered.
It’s not without reason that whales are desperately increasing their positions near 2300; I’ve directly added to my $180k long position.
1. Clear Signing is based on the ERC-7730 standard, which does not alter the on-chain transaction structure but allows each transaction to be presented in a readable format before signing.
The traditional fear of "on-chain blind signing scams" is fundamentally blocked, clearing trust barriers for institutional entry.
2. Whales are already in action. Since May 10, large funds have accumulated an additional 360k ETH (about $832 million), ignoring the pullbacks and continuously buying the dip.
Derivatives are even more intriguing—perpetual contract open interest has decreased from 12.46 billion to 11.98 billion, yet the funding rate remains high at 0.012%.
The decrease in open interest combined with stable high funding rates can only mean short sellers are closing positions and running, not new shorts entering; whales silently absorb the supply.
3. BeInCrypto analyst pointed out that ETH is testing the support at 2296.
Holding this level, the next resistance zone is 2376-2430; if it doesn’t hold, it’s just a repeated bottom-building process.
With the solid foundation laid, whales quietly packing $800 million, and the biggest psychological barrier for institutional entry removed, all three engines are firing simultaneously.
While still hovering below 2300, quickly go long! $ETH #Gate广场五月交易分享