Ethereum Briefly Breaks $3,700 as Whale Activity Fuels Optimism
Whale Activity and Market Dynamics: Ethereum's price briefly surpassed $3,700 due to significant whale accumulation, with large wallets acquiring 138,000 ETH worth around $503 million in the past week. Additionally, ETH open interest rose by 3.18%, indicating increased institutional interest without excessive leverage.
Profit-Taking Risks: Despite the bullish sentiment, over 80% of ETH holders are currently in profit, raising concerns that a macro-driven pullback could lead to mass selling, which may impact Ethereum's future price movements.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for MEME
Technical Sentiment Analysis for Memecoin (MEME) As of , Memecoin (MEME) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MEME stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MEME is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Memecoin (MEME) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000268 | 0.000434 | 0.000604 | 0.00077 | 0.00094 | 0.00111 | 0.00128 |
| Fibonacci | 0.000434 | 0.000563 | 0.000642 | 0.00077 | 0.000899 | 0.000978 | 0.00111 |
About MEME
About the author
