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wait is this a good time to buy $Eth or are we gonna get #rekt again 🧐? why are the whales stacking up silently
the ETH price correction coincides with institutional interest: deeper correction predicted due to market volatility, whales accumulating for long-term: $4,115 short-term
eth stacking silently, whales loading up for the long haul, $4,500 resistance holding strong but $4,800 in sight: market in consolidation
Ethereum is experiencing a price correction, with institutional interest remaining strong despite short-term volatility. Analysts predict a deeper correction due to market volatility and ETH’s struggle to surpass $4,500. Large investors have been actively accumulating ETH, withdrawing from exchanges for long-term strategies. This accumulation, highlighted by data, reinforces Ethereum’s position in the market cycle. Whales’ confidence in Ethereum’s long-term potential is evident through recent aggressive purchases, indicating a positive outlook for the cryptocurrency market. ETH’s current consolidation phase below key levels reflects market caution and anticipation for potential support tests.
Mobile averages showcase short-term support levels, with $4,115 acting as the nearest support and the 200-day SMA at $2,721 indicating long-term strength. Despite repeated attempts to breach $4,500, sales pressure has kept ETH in a consolidation phase. The market awaits further price action, with the possibility of a rally above $4,500 targeting $4,800. Ethereum’s balance between solid fundamentals and short-term sales pressure continues to shape its price movement.
3 Fresh portfolios Buy $ 148.8 million Ethereum – Signs of silent stack
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