Wake up! This ETH move is enough to leave anyone dumbfounded.

Last night, there was some big news—a Bitcoin whale who had been dormant for eight years suddenly woke up, dumped $160 million in the $2,900 to $3,000 range, and went all in on ETH with 5x leverage. When this happened, all eyes in the market turned to it. But the weird thing is, if you look at the 4-hour chart, the MACD still formed a death cross despite this wave of buying, with technical indicators and capital flows completely at odds.

This whale is no ordinary player. During the crash in October, he shorted the market hours in advance and made nearly $100 million; his previous moves have always been perfectly timed, as if he’s acting right on some policy triggers. This time, going all in with leverage around $2,900, he either has access to some insider info, or... he’s digging a very tempting trap for retail investors.

Technically, things look divided. The price is now hovering at $3,075, with the $3,200–$3,270 zone acting like an iron lid above, and there’s support at $2,900 and $2,750 below. The MACD death cross is there, and short-term selling pressure is real, but trading volume is quietly increasing and chips are concentrating lower, so it’s basically confirmed that funds are secretly accumulating.

In short: The whale is charging ahead waving the long flag, but technical signals are blaring warnings. Whether $3,200 can be broken depends on how long this $160 million can hold up. If not, a retest of $2,900 wouldn’t be surprising.

So tonight, is this a real breakout or just a fake-out?