Whales Accumulate Ethereum Amidst Price Dip

鲸鱼在价格下跌中积累以太坊

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.

在过去的五天里，加密货币市场出现了大幅下跌，尤其是以太坊（ETH）。在这次经济低迷时期，投资者采取了截然不同的方法，一些投资者清算所持资产，另一些则抓住机会以较低的价格购买代币。值得注意的是，加密鲸鱼已经购买了超过 240,000 个 ETH，价值约 8.4 亿美元。此次重大收购引起了投资界的高度关注。

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 的显着积累凸显了投资者和交易者在价格下跌的情况下对以太坊的信心。推动这一积累的一个潜在因素是美国证券交易委员会 (SEC) 最近于 2024 年 5 月 23 日批准了现货以太坊交易所交易基金 (ETF)。

Heavy Bitcoin and Ether Transactions

大量比特币和以太币交易

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 On June 12, 2024, reports emerged that investors had withdrawn a substantial 14,140 Bitcoin, valued at $954.5 million, from cryptocurrency exchanges.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.

鲸鱼不仅积累了 ETH，还积累了比特币。 2024 年 6 月 12 日，有报道称投资者从加密货币交易所撤回了 14,140 枚比特币，价值 9.545 亿美元。比特币和以太坊的同时积累表明在不久的将来市场可能复苏。

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.

尽管以太坊积累量巨大，但其影响尚未完全反映在以太坊价格中。目前，以太坊交易价格接近 3,540 美元，过去 24 小时波动最小。在 7 天的时间里，以太坊经历了 7% 的小幅下跌，但由于 ETF 的批准，年初至今仍保持上涨。

Ethereum Technical Analysis

以太坊技术分析

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.

技术分析师表示，以太坊的短期前景似乎看跌；然而，最近的积累可能会改变市场情绪。目前，以太币在 4 小时时间范围内面临 3,570 美元的阻力。突破该水平可能标志着转向看涨势头。相反，如果支撑失败，价格可能会进一步下跌。

Market Recovery

市场复苏

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.

整体加密货币市场在经历了长时间的下滑之后，目前呈现出好转的迹象。根据 CoinMarketCap 的数据，市场上涨 1%，其中比特币上涨 1.5%。其他主要加密货币，如 BNB、Solana (SOL) 和 Dogecoin (DOGE) 表现不一，分别有适度的上涨和下跌。