Whale spends 58 million dollars to sweep up ETH, is the bottom signal coming?

Big players have been frantically accumulating ETH for three consecutive days, adding another 3,195 today, with a total value of up to 5.97 million dollars!

Since March 26, this mysterious whale has accumulated 29,341 ETH, with an average purchase price of $1,983, totaling 58.18 million dollars!

Market sentiment is low, yet ETH has become a favorite of whales, what does it mean?

Buy signal? Large whales hoarding coins, does it imply that ETH price has hit the bottom?

Bull trap? With prices pulling back to around $1,820, will ETH break through the key support level?

Short-term market analysis:

If ETH stabilizes at $1,820, it may welcome a 17% rebound, targeting $2,100!

If it falls below $1,800, there may be a deeper adjustment, with support possibly seen at $1,550!

Whales are bottom fishing, are you still watching? Is it time to go all in or wait a bit longer? Let's discuss your views in the comments.