ETH - the native token of the Ethereum blockchain platform. It is the second-largest cryptocurrency by market capitalization, after BTC.
I - Onchain data from 52Hz Onchain (in Vietnamese)4 fresh addresses staked a total of 40,000 ETH ~$150M on Lido.
This is an action from whales who are splitting ETH into multiple addresses to avoid detection and limit risks because the behavior of each address is quite similar:
1. All are 4 fresh addresses.
2. The amount & time of ETH staked into LIDO at each address is quite similar.
3. The above 4 addresses that received at least 10 ETH in the first transaction order all came from the same address that withdrew ETH from the HTX exchange. Is this related to Justin Sun?
4. There is a move to receive from addresses that accumulated ETH 3 years ago through hidden addresses.
5. After these fresh addresses receive ETH, they are all swapped to stETH then transferred to 4 other fresh addresses and then staked on Lido.
The above 40,000 ETH were all received from addresses accumulated 3 years ago when ETH was in the $300-$600 zone before peaking in 2021 but so far there has been no move to sell.
>> At the present time, Whales continue to hold and take away stakes, it seems they expect ETH to go further in the long term.
II - Technical analysis (Weekly chart)ETH price has grown impressively over the past few months. Currently, the ETH price chart is being supported very well by Kumo cloud (Ichimoku) and Weekly EMA34 (Sonic R), with no signs of reversal.
Similarly, RSX and MACD have very positive values for the continuation of ETH's uptrend in the future.
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Money Flow