Ethereum Whales Buy $900M Despite Bearish Signals

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Ethereum Whales Buy $900M Despite Bearish SignalsEthereum / US DollarCOINBASE:ETHUSDBeInCryptoEthereum’s price hovers near $3,445, showing short-term strength even as bearish crossovers loom. The 50-day EMA is close to slipping under the 100-day EMA, and the 20-day EMA is nearing the 200-day, both warning of momentum loss. Yet, whales appear unfazed — wallets holding large ETH sums added nearly $900 million in just two days, raising holdings from 101.44M to 101.70M ETH. This steady buying suggests confidence in Ethereum’s long-term setup. The RSI shows a hidden bullish divergence, with price forming higher lows while RSI made lower ones — a structure that often signals trend continuation. If ETH stays above $3,333, targets sit at $3,650 and $3,994. A daily close below $3,050 could break the pattern. Despite short-term risks, whales seem to be buying the fear — betting that momentum turns before the next leg up.