Ethereum recently failed to resist $ 2,500, which led to a step back. King Altcoin has since fallen, now trading at $ 2,354. Despite the decline, the ETH shows signs of gradual recovery.
A key change in investors’ behavior, especially among whale addresses, can provide the support necessary for an upward trend.
Ethereum Sale of stops
Whale addresses, holding between 10,000 and 100,000 ETH, were sold aggressively. During last week, they discharged 640,000 ETH worth $ 1.5 billion, contributing to the fight of Ethereum almost $ 2,500. However, the sales pressure has been relaxed, signaling a change in feeling.
In the past 24 hours, whales have interrupted their sale, aligning with the recent stabilization of Ethereum prices. This change in behavior could indicate confidence in the resumption of ETH. If major holders continue to keep their assets, Ethereum can see reduced volatility and stronger price support.
Ethereum’s liveliness indicator suggests that long -term holders (LTH) have also ceased to sell. This metric increases when LTH liquids assets and decrease when they accumulate or stand. In the past few days, the indicator has remained flat, signaling a break in the sale.
This trend supports the stability of Ethereum prices, as long -term investors preserve market confidence. If the LTH keeps their assets, ETH could take momentum for an escape. A sustained drop in liveliness would strengthen bullish feeling, indicating accumulation rather than distribution.
ETH price recovery
Ethereum tries to get $ 2,344 as a support floor, now negotiating $ 2,354. The holding of this level could allow ETH to recover recent losses, targeting $ 2,549 as next resistance. A new test of this area would confirm the bullish momentum.
If ETH recruits $ 2,549, it could come together around $ 2,654. Overcoming this level can push Ethereum into consolidation less than $ 2,814, reflecting previous market cycles. This would establish a stable price range before another movement up.
However, the failure to hold $ 2,344 could trigger a drop. ETH can go through $ 2,267, potentially testing $ 2,170 as the next major support. A drop below this level would invalidate the upward perspectives, strengthening the short -term lower momentum.
Non-liability clause
In accordance with the Trust project guidelines, this price analysis article is for information purposes only and should not be considered as financial or investment advice. Beincrypto is committed to exact and impartial reports, but market conditions are likely to change without notice. Always carry out your own research and consult a professional before making financial decisions. Please note that our terms and conditions, our privacy policy and our non-responsibility clauses have been updated.
