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Don't remind me again today

ETHEREUM IS SITTING ON ITS MOST IMPORTANT ON-CHAIN SUPPORT



$ETH flushed to $2.87K earlier today, and then ripped right back once Nvidia crushed earnings. But the bounce isn’t the real story -- the level is.

$2.8K is a massive on-chain floor. It lines up with the realized price of both retail and whales -- the same zones that marked $ETH bottoms in every past cycle. And $ETH just tapped it perfectly.

Meanwhile, the rotation is crystal clear: retail is selling… and whales holding 10k+ $ETH are loading up. When big wallets buy weakness while small wallets panic, that’s classic bottom-zone behavior.

Liquidation data is saying the same thing. Long liquidations are barely moving on each new low, meaning forced selling is gone. But shorts? They’ve been piling in aggressively. That’s the setup for a squeeze.

Put simply: $ETH didn’t just “dip.”

It slammed into a major on-chain support, whales bought it, retail dumped it, shorts crowded it -- and now even a small bounce can trigger fireworks. 🧨
ETH-7.98%
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