Ethereum

Phantom

Coin

<ul class="news-points">
 <li>Analyst Sheldon Evans questions if the recent crypto dip is a bear trap.</li>
 <li>Ethereum whales are accumulating, signaling potential strength.</li>
 <li>Evans advises investors to prepare for potential buying opportunities.</li>
</ul>
Crypto analyst Sheldon Evans, also known as The Sniper, recently analyzed the crypto market, asking, “Is Crypto About to Drop 30% or Is This a Bear Trap?”&nbsp;
He noted that while markets appeared promising on Friday, a sudden spike in volatility that night impacted several altcoins, including Phantom and Dogecoin, raising questions about Dogecoin’s potential entry point. Evans highlighted key factors to consider: Was this dip news-driven, influenced by high leverage, or the beginning of a downtrend?
Looking at higher time frames, Evans asserted that the recent pullback does not indicate a market reversal. He suggested that selling during downturns benefits institutional investors (“smart money”) who accumulate at lower prices.
The analyst also observed a trend where large holders of Ethereum (known as “whales”) have been increasing their holdings by 3% over the past three weeks, signaling a shift from weaker to stronger hands. He stated:
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 “3% of t…
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The post <a href="https://coinedition.com/analyst-ethereum-whale-activity-signals-bull-run/" rel="noopener noreferrer nofollow">Analyst: Ethereum Whale Activity Signals Bull Run</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Analyst: Ethereum Whale Activity Signals Bull Run

Coin Edition

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