2026-01-16 11:23:53

The market today can be described as tumultuous. The shift in capital flows among major players has once again become the focus—an $38.84 million ETH bulk transaction has just been executed, equivalent to an influx of approximately 240 million RMB. Is there any signal hidden behind this move?

**Market News Observation**

Such large-scale repositioning by major players is rarely an isolated event. Historical data shows that after a similar operation, ETH rose by 15% in the short term. Will this pattern repeat? More importantly, after ETH retreated from the high of 3342, it has encountered selling pressure around 3320 three times. Repeated resistance at the same level indicates where the bulls and bears are focused.

**Technical Analysis**

Currently, ETH is consolidating around 3304.55, forming a relatively clear technical structure. Looking downward, 3212 is a significant support zone; looking upward, 3342 is a key resistance level.

A more detailed observation: in the recent 20 hours of candlestick patterns, 7 bullish candles and 12 bearish candles alternate, reflecting ongoing battles between buying and selling forces. The trading volume at 2.6M indicates that the main funds have not exited; instead, they remain active at critical levels. This phenomenon usually signals a buildup phase ready to break out.

**Trading Strategy**

Based on the current technical structure and capital flow changes, a layered approach can be considered: firstly, building positions gradually below 3320, with a focus on opportunities around 3280; secondly, the support at 3212 is strong enough, and defending this level is crucial. If a breakout occurs, a move to 3380 USD is not impossible, offering at least an 80 USD upside potential.

The key lies in how the main forces handle the accumulation of buy orders below. From the current technical signals, there are clear signs of accumulation at the bottom. Regardless of short-term volatility, such a structure often lays the foundation for subsequent upward movement. Holders are advised to observe patiently and, based on their risk tolerance and capital scale, choose appropriate entry points.

ETH2.39%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

17 Likes

Reward
17
9
Repost
Share

Comment

0/400

GhostAddressMiner

· 01-19 11:21

38.84 million this transaction, I spent a long time analyzing the original address... found that the funds come from a dormant wallet that hasn't moved since 2019. Now suddenly waking up? Haha, playing the same trick again.

View OriginalReply0

SwapWhisperer

· 01-18 22:20

It's the big players playing tricks again. Will it really go up this time, or is it just another fake-out?

View OriginalReply0

TokenDustCollector

· 01-17 19:31

It's the big players again. With $38.84 million coming in, it's time to watch the show. Is this a repeat of history or a new script? We'll have to wait and see.

View OriginalReply0

0xSunnyDay

· 01-16 15:00

$38.84 million poured in, last time it directly increased by 15%, is it the same trick again this time? It feels a bit too obvious.

View OriginalReply0

BearMarketSunriser

· 01-16 11:53

38.88 million dollars worth of sell-offs, almost as much as my annual salary haha

View OriginalReply0

ser_ngmi

· 01-16 11:53

38.84 million dollars have gone in. The historical 15% increase is indeed tempting, but I feel like this time the big players are paving the way for the next wave of bagholders.

View OriginalReply0

RamenDeFiSurvivor