Ethereum has been bouncing below $3000 recently, unable to break through. Some analysts suggest that short-term support might be around the $2800 level.



But here’s the interesting part. What are the whales doing? On December 25th, a large holder bought ETH worth $16.09 million in one go. In three weeks, they accumulated a total of $130.7 million. This is no small move.

There are also some technical signs emerging. Someone has identified a hidden bullish divergence—which is often considered a signal that the price may reverse upward. If this is true, Ethereum could challenge its previous all-time high near $4954, with some even targeting $8500.

The market has been quite volatile these days, with $3.8 billion worth of Ethereum options expiring soon, and the most sensitive price area is around $3000. Meanwhile, spot ETF inflows are still net outflows, indicating funds are shifting.

On-chain funds are buying, derivatives are oscillating, and news is tugging back and forth. Is the whale betting right, or is another reversal about to unfold? The market continues to watch.
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MaticHoleFillervip
· 20h ago
Whales are lurking again, are they really about to move? --- The 3000 level depends on whether the whales are true gourmets or just诱多 --- $130 million in buying spree, are they really playing like this... --- I just want to know, who dares to believe in the 8500 target --- Before options expiration, the 3000 level is too敏感 --- Spot is running, on-chain is buying, who will win in the end? --- The probability of a反向大戏 is quite high, don’t get caught in a trap --- The bullish divergence pattern, need to wait until breaking 3200 to speak --- Whales are making such big moves, they probably have inside information --- Constantly bouncing below 3000, it's a bit annoying, brother --- ETF net outflows, this signal doesn’t look good
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SmartMoneyWalletvip
· 20h ago
1.3 billion USD in three weeks of accumulation, such a move... Is it really just telling retail investors "It's time to panic"? --- 38 billion options at the 3000 level, spot market still flowing out, whales are either betting on a reversal or preparing their retreat routes. --- Hidden divergence + all-time highs sound impressive, but on-chain data doesn't lie—it's important to see whether this 1.3 billion is genuine buying or just wash trading to shake out weak hands. --- Net outflow from spot ETFs, options surging, plus this wave of whale activity... This isn't a technical signal; it's clearly funds playing chess. --- Who dares to call for an $8500 target? Fine, let's see if these big players truly believe or are just setting traps for retail investors. --- If the 3000 level can't hold, then support really depends on 2800, as the distribution of whale holdings has long explained everything. --- I also see the technical divergence, but the key question is—how much genuine buying power can this rebound generate? Or is it just another false alarm.
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wagmi_eventuallyvip
· 20h ago
The whales are lurking again. This trick has been played for years and it's still the same. The number 8500 is a bit outrageous. Who would really believe it? The days before options expiration are the most critical; 3000 is the life-and-death line.
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GasFeeSobbervip
· 20h ago
Whales sweep 130 million on Christmas, such a move... either a genius or a big fool, no middle ground. If the critical level of 3000 really can't hold, then see 2800. Bullish divergence + whale accumulation, feels like the prelude to a classic scam... Options are expiring in large numbers, around 3000 will definitely experience some friction, be mentally prepared. Spot outflows and derivatives oscillation, this conflicting situation is quite interesting, what are the funds really thinking? 8500? Brother, are you talking nonsense? I bet five bucks I won't see Dogecoin. This real rebound or continued performance, we'll know in two days.
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BagHolderTillRetirevip
· 20h ago
Big whales sweeping in again, I feel like it's just another trick, always the same When whales buy in, it must go up? I don't think so, there are plenty of counter-orders too Can $3000 hold this time? I bet it won't, it's going to fall again I've heard too many times about bullish divergence—don't trust it $8500? Wake up, everyone. First, see if it can break above 3200 before talking Options expiration, funds fleeing, the nightmare for trapped investors is back
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