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Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: MrSpasybo on March 07, 2024, 05:10:51 PM

Title: ETH: Whale awakens and staked after 3 years (2024.03.07)
Post by: MrSpasybo on March 07, 2024, 05:10:51 PM
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 (https://t.me/Onchain52Hz/5634) (in Vietnamese)

4 fresh addresses staked a total of 40,000 ETH ~$150M on Lido.

(https://talkimg.com/images/2024/03/07/yf5df.jpeg)

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.

(https://talkimg.com/images/2024/03/07/yfhkG.jpeg) (https://talkimg.com/images/2024/03/07/yfcZj.jpeg)

(https://talkimg.com/images/2024/03/07/yfoBD.jpeg) (https://talkimg.com/images/2024/03/07/yf7FZ.jpeg)

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.

(https://www.tradingview.com/x/N6SNoPxr/)

Similarly, RSX and MACD have very positive values for the continuation of ETH's uptrend in the future.

(https://www.tradingview.com/x/Rczh3Z6P/)
[1] Money Flow (https://scan.0xscope.com/moneyFlow/0xae7ab96520de3a18e5e111b5eaab095312d7fe84?id=1765715390295478272&network=eth&pp=52Hz)
Title: Re: ETH: Whale awakens and staked after 3 years (2024.03.07)
Post by: Trongduy on March 09, 2024, 02:03:26 AM
Quote from: MrSpasybo on March 07, 2024, 05:10:51 PM
4 fresh addresses staked a total of 40,000 ETH ~$150M 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.
With onchain data about ETH, we can see whales' confidence in the future of ETH: they choose to stake on Lido for profit instead of moving to CEXs and selling to take profits when ETH has reached the quite high compared to the bottom price area.

Currently, ETH is about to reach 4K USD, and will likely break the old ATH like BTC did a few days ago. This season, investors who put their faith in BTC and ETH are making greater profits than investors who buy other Altcoins.
Title: Re: ETH: Whale awakens and staked after 3 years (2024.03.07)
Post by: KryptoBull on March 09, 2024, 02:28:57 AM
Quote from: Trongduy on March 09, 2024, 02:03:26 AM
With onchain data about ETH, we can see whales' confidence in the future of ETH: they choose to stake on Lido for profit instead of moving to CEXs and selling to take profits when ETH has reached the quite high compared to the bottom price area.

Currently, ETH is about to reach 4K USD, and will likely break the old ATH like BTC did a few days ago. This season, investors who put their faith in BTC and ETH are making greater profits than investors who buy other Altcoins.
Being in an uptrend, whales are not foolish enough to sell and exit good positions right now, so we can continue to DCA and hold ETH to wait for higher prices in 2025. Even if whales selling ETH, I also think they just want to lower the price to buy more, then we can also buy more ETH at a lower price.

I think all onchain data about this type of whale behavior does not help investors optimize the buying and selling process to get more ETH, it only helps holders trust and hold more firmly during the investment process in ETH this season.
Title: Re: ETH: Whale awakens and staked after 3 years (2024.03.07)
Post by: milewilda on March 15, 2024, 01:39:58 PM
Quote from: KryptoBull on March 09, 2024, 02:28:57 AM
Quote from: Trongduy on March 09, 2024, 02:03:26 AM
With onchain data about ETH, we can see whales' confidence in the future of ETH: they choose to stake on Lido for profit instead of moving to CEXs and selling to take profits when ETH has reached the quite high compared to the bottom price area.

Currently, ETH is about to reach 4K USD, and will likely break the old ATH like BTC did a few days ago. This season, investors who put their faith in BTC and ETH are making greater profits than investors who buy other Altcoins.
Being in an uptrend, whales are not foolish enough to sell and exit good positions right now, so we can continue to DCA and hold ETH to wait for higher prices in 2025. Even if whales selling ETH, I also think they just want to lower the price to buy more, then we can also buy more ETH at a lower price.

I think all onchain data about this type of whale behavior does not help investors optimize the buying and selling process to get more ETH, it only helps holders trust and hold more firmly during the investment process in ETH this season.
This isnt really just that limited on ETH alone but also in other coins as well on which they do really have those particular whales who had been holding up for too long. These movements could neither give out that positive impact when those whales are still holding up to now and making those negatives on the time that they do sell their holdings.
Its normal that they would really be selling some part of their bags on which it would be normal after a long time or long years of holding and there's nothing we can do with it.
Its their decisions but eventually those sells would be eaten buy some buys on which its always been the cycle.
Title: Re: ETH: Whale awakens and staked after 3 years (2024.03.07)
Post by: MrSpasybo on March 17, 2024, 01:50:45 PM
Quote from: milewilda on March 15, 2024, 01:39:58 PM
This isnt really just that limited on ETH alone but also in other coins as well on which they do really have those particular whales who had been holding up for too long. These movements could neither give out that positive impact when those whales are still holding up to now and making those negatives on the time that they do sell their holdings.
Its normal that they would really be selling some part of their bags on which it would be normal after a long time or long years of holding and there's nothing we can do with it.
Its their decisions but eventually those sells would be eaten buy some buys on which its always been the cycle.
All we have is data on whale movement or staking/unstaking behavior, and we make subjective predictions and judgments based on this data. Whale staking ETH shows that they want to hold ETH for the long term because they believe in the potential of ETH in the future, at least in this cycle. Knowing this, we can be more confident in participating and buying tokens to wait for the bull run.

When whales unstake and move ETH to CEX, we will know and take the initiative to plan with our crypto assets, even though we cannot be sure that they are moving ETH to CEX to sell off of pump then dump.