Whales Accumulate Ethereum Amidst Price Dip

鯨魚在價格下跌中累積以太坊

In the past five days, the cryptocurrency market has witnessed a significant decline, particularly in Ethereum (ETH). During this downturn, investors have taken contrasting approaches, with some liquidating holdings and others seizing the opportunity to acquire tokens at reduced prices. Notably, crypto whales have purchased over 240,000 ETH, amounting to approximately $840 million. This substantial purchase has garnered significant attention from the investment community.

在過去的五天裡，加密貨幣市場出現了大幅下跌，尤其是以太幣（ETH）。在這次經濟低迷時期，投資者採取了截然不同的方法，一些投資者清算所持資產，有些則抓住機會以較低的價格購買代幣。值得注意的是，加密鯨魚已經購買了超過 24 萬個 ETH，價值約 8.4 億美元。此次重大收購引起了投資界的高度關注。

This notable ETH accumulation underscores investor and trader confidence in Ethereum amidst the price drop. One potential factor driving this accumulation is the recent approval of a spot Ethereum Exchange Traded Fund (ETF) in the United States by the Securities and Exchange Commission (SEC) on May 23, 2024.

ETH 的顯著累積凸顯了投資者和交易者在價格下跌的情況下對以太坊的信心。推動這項累積的潛在因素是美國證券交易委員會 (SEC) 最近於 2024 年 5 月 23 日批准了現貨以太坊交易所交易基金 (ETF)。

Heavy Bitcoin and Ether Transactions

大量比特幣和以太幣交易

Whales have not only amassed ETH but also Bitcoin. On June 12, 2024, reports emerged that investors had withdrawn a substantial 14,140 Bitcoin, valued at $954.5 million, from cryptocurrency exchanges. This concurrent accumulation of both Bitcoin and Ethereum suggests a potential market recovery in the near future.

鯨魚不僅累積了 ETH，還累積了比特幣。 2024 年 6 月 12 日，有報稱投資者從加密貨幣交易所撤回了 14,140 枚比特幣，價值 9.545 億美元。比特幣和以太坊的同時累積表明在不久的將來市場可能會復甦。

Despite the significant Ethereum accumulation, its impact has not yet been fully reflected in ETH's price. Currently, Ether is trading near $3,540, with minimal fluctuations in the past 24 hours. Over a seven-day period, Ethereum has experienced a modest 7% decline, although it remains up year-to-date due to the ETF approval.

儘管以太坊累積量龐大，但其影響尚未完全反映在以太坊價格中。目前，以太坊交易價格接近 3,540 美元，過去 24 小時波動最小。在 7 天的時間裡，以太坊經歷了 7% 的小幅下跌，但由於 ETF 的批准，年初至今仍保持上漲。

Ethereum Technical Analysis

以太坊技術分析

According to technical analysts, Ether's short-term outlook appears bearish; however, the recent accumulation could potentially alter market sentiment. Currently, Ether faces resistance at $3,570 on the 4-hour timeframe. A break above this level could signal a shift towards bullish momentum. Conversely, further price declines may occur if support fails.

技術分析師表示，以太坊的短期前景似乎看跌；然而，最近的累積可能會改變市場情緒。目前，以太幣在 4 小時時間範圍內面臨 3,570 美元的阻力。突破該水平可能標誌著轉向看漲勢頭。相反，如果支撐失敗，價格可能會進一步下跌。

Market Recovery

市場復甦

The overall cryptocurrency market is currently showing signs of improvement after a prolonged period of decline. According to CoinMarketCap, the market is up by 1%, with Bitcoin experiencing a 1.5% gain. Other major cryptocurrencies, such as BNB, Solana (SOL), and Dogecoin (DOGE), have exhibited mixed performance, with modest gains and losses respectively.

整體加密貨幣市場在經歷了長時間的下滑之後，目前呈現出改善的跡象。根據 CoinMarketCap 的數據，市場上漲 1%，其中比特幣上漲 1.5%。其他主要加密貨幣，如 BNB、Solana (SOL) 和 Dogecoin (DOGE) 表現不一，分別有適度的上漲和下跌。