ETHEREUM PRICE FACES DEATH CROSS CHALLENGE AS WHALES BUY $775 MILLION IN ETH

Ethereum (ETH) is entering November with a clash between technical bearishness and massive institutional accumulation. A critical Death Cross is looming, yet renewed buying from whales is providing strong counter-momentum, creating a pivotal moment for the asset.

I. The Technical Warning: Looming Death Cross

The optimistic start to November is under threat from a major technical formation that historically precedes price corrections: Death Cross Formation: A Death Cross is actively forming between the 20-day Exponential Moving Average (EMA) and the 100-day EMA. This occurs when the faster, short-term moving average crosses below the slower, long-term one, signaling a shift where sellers are gaining control.Historical Precedent: The previous Death Cross (between the 20-day and 50-day EMAs) in mid-October triggered a 13.7% correction, underscoring the severity of the current threat.

II. Whale Activity Countering the Bearish Signal

The negative technical setup is being directly challenged by major buying activity: Whale Accumulation: In the 48 hours leading up to the analysis, Ethereum whales added approximately 200,000 ETH to their holdings, valued at roughly $775 million. This signals renewed confidence from big players who are positioning for a recovery.Retail Optimism: Retail traders also show growing optimism, with the Money Flow Index (MFI) exhibiting a bullish divergence—a pattern where money flows in despite dipping prices, indicating buyers are quietly absorbing supply.

III. Critical Levels and Bullish Targets

Ethereum’s chart shows the upside and downside potential are nearly equidistant, placing the market at a high-stakes turning point: Critical Support/Breakdown Level: If the Death Cross confirms and selling momentum accelerates, ETH could drop 4.9% to the immediate breakdown trigger at $3,680. A subsequent drop could follow toward $3,446.Critical Resistance/Breakout Level: If whale and retail buying invalidates the Death Cross, a 4.9% upward move to $4,069 would confirm a short-term breakout.Long-Term Bullish Target: A daily close above the $4,069 breakout level would clear the path for an extended rally toward $4,265 and $4,487.

IV. Conclusion: The Race to Invalidate

The next few days are critical for Ethereum. Buyers, led by accumulating whales, must push the price past the $4,069 resistance to successfully invalidate the Death Cross. Failure to do so could confirm the bearish pattern, triggering a quick drop to the $3,680 support level.

V. Disclaimer

This analysis is for informational purposes only and is based on third-party analyst commentary and technical analysis. The views expressed do not constitute financial, investment, or trading advice. The cryptocurrency market is highly volatile and speculative. Readers must conduct their own thorough research and consult with a qualified financial advisor before making any investment decisions.