ETHEREUM (ETH) had a turbulent week, as the price price of $ 3,000 before recovery to the current levels was about $ 3200. This sharp decline raised fear among investors, as doubts about Ethereum’s performance intensified for this course. Many have begun to ask whether ETH could regain its momentum amid the wider market fluctuations.
However, the main scales indicate the series that not all investors share this doubt. The data reveals that the main players are still accumulating ETH despite the recent price procedures. During the past 24 hours alone, 13 huge whales – governorates with more than 10,000 ETH – joined the network. This refers to strong confidence among high -value investors and institutional players, who seem to see current price levels an opportunity.
This important accumulation activity indicates that the big players put themselves in a possible outbreak. While the smaller retail investors may be hesitant, the movements of these whales may indicate optimism for the long -term Ethereum horizons. Since ETH settles around the level of $ 3,200, the market will closely see whether this direction of accumulation leads to renewed bullish momentum and the strongest recovery in the coming weeks. The coming days can be pivotal for the ETHEREUM track in this market round.
Ethereum enters the recovery stage
Ethereum has faced great pressure for sale since late December, as it has fallen by more than 25 % in this period. The prolonged shrinkage tested the confidence of the investors, however, the modern price procedures indicate that the declining stage may approach its end. Analysts are now optimistic about a potential reflection and recovery, as Ethereum shows signs of restoration.
The highlight of the higher encryption analyst Ali Martinez Cancelled data that supports this upward view. According to his joint analysis on X, 13 Mega Whales – Governorates with more than 10,000 ETH – joined ETHEREMM over the past 24 hours.
This increase in accumulation indicates that senior players benefit from the current price levels, which puts themselves in the expected recovery. Important whale activity is a strong indicator of confidence among institutional and high investors who are estimated at high networks, who usually work in a long -term perspective.
At its current levels, ETHEREUM seems to build a strong base of support. This accumulation is consistent with the major whales with the broader market feeling that the ETH is ready for a bullish phase once the sale pressure decreases. If ETH can keep the main resistance levels, the next upward step can mark the beginning of strong recovery and continuous upward momentum in the coming months.
ETH Decisive liquidity test
ETHEREUM is trading at $ 3,190 after a strong support is found at a sign of $ 3000, which is in line with the moving average for 200 days. This main level was a long -term decisive indicator of strength, and the ETH capacity to keep it on it indicates the possibility of reflection of the direction. After weeks of declining pressure, the current price procedure indicates that the ETH may be finally ready to shift from its downside.
To fully emphasize the bullish reflection, ETHEREUM must be broken and retains a level of $ 3500, a large resistance area that has crowned upward movement in recent weeks. This level is likely to restore the investor’s confidence and indicate the beginning of the new upward trend. However, market conditions remain volatile, driven by speculation and wider macroeconomic doubts, which may delay ETH.
Despite the challenges, Ethereum recovery is higher than 200 -day moving average is a positive sign of long -term expectations. Investors are optimistic with caution because ETH settles at the current levels. Patience may be needed, but the last basic procedure indicates that ETH proves the stage for a possible gathering once it overcomes the main resistance and finds the broader market.
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