Whale addresses haven't seen any significant net outflows; in the past two days, they've maintained a net inflow of around 1000 ETH, providing a positive feedback to the price. Therefore, it's not surprising that the price will likely continue its upward trend with fluctuations.
Furthermore, there's been a lot of positive news lately, including from that ancient super whale with exceptionally large funds, which opened a $170 million long position on-chain, with an average entry price of around 3050, targeting ETH. This is likely its most aggressive move recently, the last one being during the flash crash and massive short selling on October 11th.
If even whales are serious, what reason do you have not to be? #FedRestartingRateCuttingPace #CryptoMarketWatch #ETHPriceAnalysis