The Ethereum price is poised for a significant upside rally. Recently, a whale made a big bet on ETH by adding 50,020 ETH worth $132M.
ETH’s Long/Short Ratio currently stands at 2.023, indicating extremely bullish market sentiment among traders.
However, some crypto whales look at the current price level as an opportunity and are heavily accumulating, while some others continue to dump their holding, believing the price will decline further in the coming days.According to AMBCrypto’s technical analysis, ETH appears bullish despite trading below the 200 Exponential Moving Average on a daily time frame.
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