Ethereum closes between $ 2650 and $ 2,750 for last week, creating uncertainty in the short term as Bulls struggles to restore higher levels. ETH is traded in decisive demand areas, facing continuous sale pressure, which kept less than $ 2,800. Investors are trying to remain calm in the midst of volatility, but fear crawls with Ethereum continues to show weakness, which raises fears of following a deeper correction.
However, the data on the series indicates that senior players benefit from the recent decline. The decisive data from Santiment reveals that the whales have accumulated 430,000 Ethereum in the last 72 hours. This purchasing boom adds to the broader direction of the large investors who accumulate ETH during recent prices. Historically, the accumulation of whales often precedes the main demand levels of rebound balls, providing hope for a possible recovery.
Despite the uncertainty in the short term, the long -term ETHEREUM expectations remain promising if they can get current support levels and restore a brand of $ 2800. Investors will closely monitor whether the accumulation of the last whales is translated into ascending momentum or if ETH will face the continuous declining pressure in the coming days. The next step will be decisive in determining the ETHEREUM direction in this volatile market.
Ethereum accumulation continues amid uncertainty
ETHEREUM has seen long standardization than the main levels, as it continued to trade sideways without any clear direction. The uncertainty dominates the market, as the price procedure remains uncomfortable, which makes investors ready. I struggled to restore the level of $ 2800, while the bears failed to push the ETH to low -order areas. This continuous battle between buyers and sellers has created a narrow trading scope, as Ethereum lacks the momentum to make a decisive action.
Despite the short -term weakness, data on the chain indicates that adult investors accumulate with ETH activity. The whales were constantly buying Ethereum, as it fell to less than $ 3,000 over a period of two weeks, as they put themselves for the next stage.
Joint encryption analyst Ali Martinez Main data from Santiment on XAnd revealed that the whales have accumulated 430,000 Ethereum in the last 72 hours. This indicates that institutional investors and major measurement believe that current price levels are an opportunity, and expect a possible mobilization in the near future.
As long as Ethereum continues to trade below $ 3,000, this accumulation may continue. If ETH is able to restore the level of $ 2800 and fracture over $ 3,000, it may follow the outbreak of a strong rise. However, failure to retain current support levels may lead to more pressure, making the coming days decisive to the large leadership coming from Ethereum.
The ETH price is less than the decisive offer
ETHEREUM is trading at $ 2740, struggling to break this main level since early February. The price remains linked in the range, and turns between $ 2550 and 2,850 dollars, creating uncertainty among investors. The movement of these long sides indicates that ETH accumulates a decisive movement, with the expectation or collapse soon.
If Bulls managed to recover and keep the brand of $ 2800 as support, ETHEREUM may gain momentum and pay more than $ 3,000, which leads to an increase in higher supply areas. The 3000 dollar level remains a psychological barrier, and its broken fracture will indicate to the renewed bullish momentum.
On the other hand, if ETH fails to maintain current support and decrease to less than 2,600 dollars, it can follow the negative side. The collapse at this level can open the door to a deeper correction in low -order areas, which may return ETH to the levels that were last seen in late 2023.
With ETHEREUM for weeks, merchants closely monitor to confirm the next step. Whether ETH is above resistance or a decrease in low demand, the coming days will be very important in determining the short -term direction of the second largest encrypted currency.
Distinctive image from Dall-E, the tradingView graph
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