I - Onchain data from 52Hz Onchain (in Vietnamese)I translated the 52Hz Onchain's post from Vietnamese to English, with refinements and explanations of crypto market slangs. I will present text + images so we can view, quote and discuss more easily. I think this is better than sending a simple link.ETHER.FI, the 49th Launchpoool project on Binance with the participation of many whales. ETHER.FI is a project that allows users to deposit into ETH to receive EETH back and can use that EETH to continue staking.
A few days ago, the address associated with Justin Sun deposited 120,000 ETH ($473M) into ETHER.FI and was among the top for the amount of ETH deposited into the pool. This total amount of ETH comes from purchases on CEX and DEX in the price range from $2.9K-3K.
Not only Justin Sun, but addresses related to whales such as ETH Foundation, Coinbase Prime also have similar actions, and most of the above addresses are valid to receive the upcoming airdrop so it can be understood that the token number The allocated airdop will mostly go to whales
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The $0.5B worth of ETH accumulated by Justin Sun in the $2.9K-3K price range is currently very profitable but is still not sold, instead they continue to be staked to farm. We have nothing to be too afraid of as the market is correcting after a series of consecutive increases due to previous whale buying.
The presence of quite a few whales staking ETH into ETHER.FI makes it possible for ETHER.FI to handle liquidity coming from whales holding large amounts of ETH. ETHER.FI is also currently ranked top 1 and accounts for more than 50% of the TVL of the Liquid Restaking segment, and will likely be the leading project in this segment in the near future.
II - Technical analysis (Weekly chart)ETHFI does not have a price chart yet, so we refer to ETHUSD to determine the state of the market.
ETHUSD is still well supported by Kumo cloud (Ichimoku), and MACD is still positive despite a light green Histrogram bar signaling a slight adjustment of ETH as well as the market after many weeks of overheating. As the market continues to maintain high levels, ETHFI will likely be pumped heavily by whale cash flows.
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Money Flow