Ether's recently rebounded, with prices back in line at $1733. The current focus of the market is not only on whether the retrogression is over, but also on whether a large whale of $72.4 million will magnify short-line fluctuations.

The price goes down the tunnel.

From the trends shown in the text, ETH had risen from its low to the centre of the uplink, then slowed down and fell back. The purchase drive was previously charged near the 200-hour mean line, which is still below the current price and is considered to be one of the short-line support.

According to the article, this round retreat is more of a sort of sorting out of the previous period, rather than a complete reversal of the trend. If the price continues to operate within the corridor, the market will continue to use the visit as a cooling process, the main effect of which will be to release the previously accumulated high leverage position.

There's a lot of space in the vicinity of $1735.

Just as ETH approached the critical position of $1733, a giant whale had built an empty silo of approximately $72.4 million at $1735 with a three-fold leverage. According to the data, the transaction was at one point in the order of $606 million.

This position was of concern because the dealer had allegedly not had a loss for four months in a row. As a result, some market participants saw this as a bet that the post-market would continue to fall.

1680 with 1860

If ETH breaks the current uplink support and fails to maintain an average of 200 hours, the short-line mood may be significantly weaker. The article mentions that the empty next step may be to focus on the US$ 1680 area; if the pressure continues to expand, it may be further down to around US$ 1580.

On the contrary, if the purchaser continues to hold the current support, especially above the 200-hour mean line, the possibility of a re-entry along the corridor will rise, with the target area approaching $1860.

From the point of view of the structure of the transaction, this means that the area is now at the centre of the battle between the two sides. If prices continue across the board, the pressure on giant whales alone increases; if the process breaks down quickly, empty judgements can be reinforced.