In the live broadcast of the language community, Giant Whale made a profit of millions and cleared its position! Has the ETH surge come to an end?

Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9850662513 The $45 million fund quietly left, while more attention is focused on the next key position - $4733. The Ethereum (ETH) market is currently engaged in a thrilling long short game. On October 6th, a giant whale/institution that had made a profit of $93.74 million through ETH band trading transferred the last 10000 ETH (approximately $45.05 million) to the FalconX exchange 5 hours ago, completing the clearance operation. At the same time, within the past hour, the total amount of contract liquidation across the network reached 10.54 million US dollars, including 7.99 million US dollars for multiple liquidation orders, and 3.83 million US dollars for ETH alone. 01 Whale Movement On chain data shows that this whale/institution made a profit of $16.33 million through the ETH band within half a month. The specific operation includes buying at a low price of $4256 in late September, and selling 80835 ETH in batches since October 2nd, with a total value of approximately $360 million and an average selling price of $4458. After the clearance is completed, the giant whale/institution currently holds up to 620 million USDC and is waiting for the next wave buying opportunity. 02 Market response At the same time as the giant whale cleared its position, there was a clear differentiation between long and short positions in the market. According to AiCoin data, within the past hour, the total amount of contract liquidation on the entire network reached 10.54 million US dollars, with the main liquidation being multiple orders and ETH liquidation being 3.83 million US dollars, accounting for 36.34%. At the same time, another whale that hoarded 4652 ETH four years ago has also started to reduce its holdings. Recently, it is suspected to have sold 2250 ETH and recharged 1000 ETH to the exchange. If sold in full, this giant whale will make a profit of 7.644 million US dollars. 03 Technical Analysis From a technical analysis perspective, Ethereum is still in a critical position at present. Although ETH is currently priced at $4535.53 and has increased by 1.50% in the past 24 hours, market sentiment is clearly biased towards caution. Some analysts believe that $4733 is a key pressure level, and if it breaks through, it may trigger large-scale short selling liquidation. On the other hand, if it falls below $4291, it may trigger a large-scale liquidation of multiple orders. 04 Interweaving of long and short factors In the context of intensified market volatility, long and short factors are fiercely intertwined. Many observers point out that Ethereum's technical outlook is currently trending towards a bullish continuation, supported by strong momentum indicators, sustained higher lows, and universal buy signals across all major moving averages. The asset is in a good position to test resistance above $4750. However, bearish investors are concerned that the clearance behavior of the giant whale may trigger a chain reaction. Especially the whale that hoarded ETH four years ago reduced its holdings, which has raised concerns in the market that the confidence of long-term holders may be shaken. Technical analysis shows that the key pressure level above Ethereum is around $4733, and if it breaks through, it may trigger large-scale short clearing; The support level below is around $4291, and once it falls below, it may trigger multi order liquidation. The market is at a delicate equilibrium point, and every large transfer can become a leverage to break the balance. The giant whale that held 620 million USDC after clearing its position is like a predator lurking underwater, waiting for the next opportunity. Operation suggestion: BTC 123000 long first target watch 124850 second target watch 125765 ETH 4470 long first target watch 4530 second target watch 4595 Join the language community communication group to obtain more services 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system- 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Every day, there are teachers in the group who provide precise positioning to answer questions and offer free guidance. Tencent Meeting Live: 985-066-2513 DingTalk Group Number: 120320009032 Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.