- Whale placed a $12.6M long as Ethereum broke below $1,800 on the charts
- A delay in the SEC’s decision and overbought signals have been shaping ETH’s market sentiment
Ethereum [ETH]’s price action continues to stir attention as whale activity intensifies. A notable $12.6 million 5x long position recently entered the market, showing that some big players remain bullish. This, despite ETH’s structural breakdown on the charts.
In fact, Ethereum lost its EQoS support at $1,800 and at press time, was trading at $1,642.60. Its price shift has traders eyeing $1,600 as the next crucial support zone.
On the 4-hour chart, Ethereum failed to hold above its BOS level, triggering a series of lower highs and a CHoCH, suggesting trend weakness. However, Ethereum managed to bounce off the $1,600-range, hinting that buyers are not entirely out of the picture.
Therefore, this zone could act as a short-term accumulation area unless sellers force a drop towards $1,400. With the price trapped in a narrow range, the market could wait for a confirmation of the next directional move.
Source: TradingView
Can delayed ETF approval ignite Ethereum’s next bull run?
The SEC has delayed its ruling on Grayscale’s proposal to include Ethereum staking rewards in ETFs. No rejections have surfaced yet, only silence. However, this delay stretches the uncertainty until 1 June, leaving room for speculation.
If approved, the impact could be transformative – Higher staking yields, greater institutional flows, and stronger long-term investor confidence.
Additionally, Ethereum’s broader narrative has been gaining strength. Former ETH developer Eric Connor recently emphasized Ethereum’s potential role in solving AI-related issues, including transparency and decentralization.
He argued that Ethereum’s smart contracts offer a verifiable and ethical foundation for AI systems, reinforcing the asset’s utility beyond speculation. Therefore, social sentiment surrounding ETH is gradually shifting towards innovation and real-world use cases.
Ethereum indicators point to relief, but can bulls seize control?
On the daily chart, Ethereum seemed to be stuck in a downtrend, but was showing subtle signs of potential recovery. The asset has been trading between its 9-day and 21-day moving averages, with resistance near $1,732 and support at $1,587.41.
This dynamic will keep traders cautious as ETH tries to reclaim momentum. However, the price consolidating may act as a launchpad if bulls capitalize on ETH’s upcoming catalysts.
Source: TradingView
Meanwhile, the Stochastic RSI climbed to 93.89 and 90.49, signaling overbought conditions. Although this typically precedes a pullback, it may also suggest that bullish momentum is building.
Therefore, traders should remain alert for a breakout—or breakdown—especially with ETF news and macro trends in play.
Conclusion
Ethereum finds itself at a technical and narrative crossroads. On one hand, whales are betting big and ETF speculation looms large. On the other, the price structure has broken down and $1,600 is being retested.
Therefore, the next few days could be critical for Ethereum’s next big move. If bulls defend current levels and catalysts align, Ethereum may soon ignite a powerful rally.
- Whale placed a $12.6M long as Ethereum broke below $1,800 on the charts
- A delay in the SEC’s decision and overbought signals have been shaping ETH’s market sentiment
Ethereum [ETH]’s price action continues to stir attention as whale activity intensifies. A notable $12.6 million 5x long position recently entered the market, showing that some big players remain bullish. This, despite ETH’s structural breakdown on the charts.
In fact, Ethereum lost its EQoS support at $1,800 and at press time, was trading at $1,642.60. Its price shift has traders eyeing $1,600 as the next crucial support zone.
On the 4-hour chart, Ethereum failed to hold above its BOS level, triggering a series of lower highs and a CHoCH, suggesting trend weakness. However, Ethereum managed to bounce off the $1,600-range, hinting that buyers are not entirely out of the picture.
Therefore, this zone could act as a short-term accumulation area unless sellers force a drop towards $1,400. With the price trapped in a narrow range, the market could wait for a confirmation of the next directional move.
Source: TradingView
Can delayed ETF approval ignite Ethereum’s next bull run?
The SEC has delayed its ruling on Grayscale’s proposal to include Ethereum staking rewards in ETFs. No rejections have surfaced yet, only silence. However, this delay stretches the uncertainty until 1 June, leaving room for speculation.
If approved, the impact could be transformative – Higher staking yields, greater institutional flows, and stronger long-term investor confidence.
Additionally, Ethereum’s broader narrative has been gaining strength. Former ETH developer Eric Connor recently emphasized Ethereum’s potential role in solving AI-related issues, including transparency and decentralization.
He argued that Ethereum’s smart contracts offer a verifiable and ethical foundation for AI systems, reinforcing the asset’s utility beyond speculation. Therefore, social sentiment surrounding ETH is gradually shifting towards innovation and real-world use cases.
Ethereum indicators point to relief, but can bulls seize control?
On the daily chart, Ethereum seemed to be stuck in a downtrend, but was showing subtle signs of potential recovery. The asset has been trading between its 9-day and 21-day moving averages, with resistance near $1,732 and support at $1,587.41.
This dynamic will keep traders cautious as ETH tries to reclaim momentum. However, the price consolidating may act as a launchpad if bulls capitalize on ETH’s upcoming catalysts.
Source: TradingView
Meanwhile, the Stochastic RSI climbed to 93.89 and 90.49, signaling overbought conditions. Although this typically precedes a pullback, it may also suggest that bullish momentum is building.
Therefore, traders should remain alert for a breakout—or breakdown—especially with ETF news and macro trends in play.
Conclusion
Ethereum finds itself at a technical and narrative crossroads. On one hand, whales are betting big and ETF speculation looms large. On the other, the price structure has broken down and $1,600 is being retested.
Therefore, the next few days could be critical for Ethereum’s next big move. If bulls defend current levels and catalysts align, Ethereum may soon ignite a powerful rally.
clomid one fallopian tube cost of cheap clomid online order cheap clomid without dr prescription can i purchase clomiphene online can i order generic clomiphene without a prescription how to get generic clomid without dr prescription get clomid online
This is the big-hearted of writing I rightly appreciate.
This is the kind of enter I turn up helpful.
buy azithromycin 500mg generic – buy generic azithromycin buy generic flagyl 200mg
order semaglutide without prescription – semaglutide cheap cyproheptadine 4mg usa
order domperidone 10mg – buy motilium 10mg for sale flexeril ca
inderal 20mg pill – inderal 10mg sale order methotrexate 2.5mg pill
clavulanate cost – atbioinfo ampicillin uk
buy generic esomeprazole for sale – anexamate.com nexium oral
buy coumadin online cheap – coumamide.com cozaar 50mg cheap
buy mobic online – https://moboxsin.com/ mobic order online
buy deltasone generic – https://apreplson.com/ order deltasone 40mg generic
male erection pills – https://fastedtotake.com/ online ed medications
cheap amoxicillin sale – brand amoxicillin amoxicillin without prescription
https://ohmyspins-de.com/
fluconazole 200mg sale – https://gpdifluca.com/# cheap forcan
buy generic cenforce 100mg – https://cenforcers.com/ buy cenforce 100mg generic
tadalafil (exilar-sava healthcare) version of cialis] (rx) lowest price – difference between sildenafil tadalafil and vardenafil cialis com free sample
zantac 150mg oral – purchase ranitidine generic buy ranitidine 300mg generic
order cialis no prescription – cialis prices in mexico where can i buy cialis online in canada
More articles like this would make the blogosphere richer. gnolvade.com
viagra coupons – https://strongvpls.com/# viagra sildenafil 50mg
I couldn’t turn down commenting. Adequately written! https://ursxdol.com/cenforce-100-200-mg-ed/
This is the compassionate of criticism I rightly appreciate. buy gabapentin generic
Palatable blog you be undergoing here.. It’s severely to espy strong status script like yours these days. I justifiably respect individuals like you! Take guardianship!! https://prohnrg.com/product/metoprolol-25-mg-tablets/
More posts like this would prosper the blogosphere more useful. https://ondactone.com/product/domperidone/
I’ll certainly return to read more.
https://doxycyclinege.com/pro/topiramate/
More articles like this would make the blogosphere richer. http://furiouslyeclectic.com/forum/member.php?action=profile&uid=24579
buy dapagliflozin no prescription – https://janozin.com/# order forxiga 10 mg
order orlistat for sale – site xenical 120mg generic
The thoroughness in this break down is noteworthy. https://sportavesti.ru/forums/users/tgtjx-2/