Binance has made a move to deposit $ETH on the exchange!
About 3 hours ago, the following Binance wallet address deposited 50K $ETH (~122M) onto the exchange. Two days ago, this wallet also performed a similar action by sending 25K $ETH to a hot wallet.
This wallet receives $ETH from wallet 0xF977. The balance on wallet 0xF977 is quite peculiar as it tends to decrease right before a strong upward wave of $ETH or at its peak.
The last time the $ETH balance on the wallet dropped significantly was on April 28-29, and shortly after, $ETH experienced a strong increase of ~50%.
Observing the wallet balance reveals:
- The deposit phases in March and November 2024 are similar => $ETH price coincidentally hit #ATH.
- The current deposit phase is quite similar to September 2024 => $ETH is likely to see a slight short-term increase and sideways movement before a strong upward wave.
If this pattern repeats, we can fully trust in a medium-term increase for $ETH. However, there will likely be some adjustments with amplitude beforehand, so careful observation is needed to devise the best strategy.
The wallet link will be included in the 52Hz database.
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