Ethereum Holds Strong as Whales Accumulate
The Most Important Points at a Glance
Ethereum (ETH) is showing stable price development with strong support and increasing activity from large investors. While whales continue to accumulate, resistance around $2,250 remains a crucial hurdle. Market movements suggest a possible recovery, but a clear breakout has yet to occur.
Strong Support but Cautious Market Sentiment
Ethereum currently finds a solid support zone between $1,886 and $1,944. In this range, over three million addresses have purchased a total of 6.12 million ETH. This zone serves as both a psychological and technical foundation. If the price falls below this level, it could trigger increased selling activity.
At the same time, more than 1.2 million ETH have been withdrawn from exchanges over the past 48 days. This suggests a decreasing willingness to sell. However, the price remains within a narrow range, indicating that investors are holding but not aggressively buying.
Whales Increasingly Accumulate Above $2,000
Large investors have purchased nearly 470,000 ETH in the past week. This increase in whale activity coincided with Ethereum reclaiming the $2,000 level. Data from Santiment shows that the number of large transactions has significantly increased since March 19. This could indicate that institutional investors and wealthy individuals see the current price range as a buying opportunity.
Technical Indicators Signal Recovery – Resistance Remains
Ethereum recently gained 4.23% and is currently trading around $2,090. Technical indicators show early signs of a potential recovery:
– The MACD (Moving Average Convergence Divergence) has turned positive, which is often considered a bullish signal.
– The RSI (Relative Strength Index) stands at 48.43, indicating increasing buying pressure without reaching overbought conditions.
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Despite these positive developments, resistance in the $2,200 to $2,250 range remains a key hurdle. If Ethereum can sustainably break above this level, a retest of the $2,400 mark could follow. Otherwise, a pullback to the $2,000 support level is possible.
Our Assessment
Ethereum is showing stable price development with positive fundamentals. The continued accumulation by whales and the outflow of ETH from exchanges suggest a bullish market sentiment. However, resistance at $2,250 remains a crucial level. A sustained breakout above this range could pave the way for further price gains. Otherwise, ETH may test the $2,000 level again. The coming days will likely be decisive for its future price movement.
| Symbol | ETH |
| Coin type | Alt Coin |
| Transaction Speed | Medium |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | $2,068.94 |
| 24h % | -0.06 % |
| 7d % | 4.79 % |
| 30d % | -22.84 % |
| 60d % | -37.22 % |
| 1y % | -43.27 % |
| Market Cap | $249,693,642,295.00 |
| Official Links | Website | Source Code |
| Socials | Reddit | X |
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