📊 Massive Whale Accumulation: Despite recent volatility and resistance near yearly highs, Ethereum (ETH) whales purchased 340,000 ETH worth over $1 billion in the last 96 hours. This significant buying activity suggests long-term confidence among large holders, even as short-term sentiment remains mixed.
📈 Whale Demand Signals Recovery: Historically, such whale accumulation phases have preceded strong rallies, as increased demand and reduced supply drive upward momentum. Analysts, including Ali Martinez, predict a potential price surge if this trend continues.
💼 Ethereum’s Resilience: ETH has faced persistent selling pressure this year but remains resilient during corrective phases. Whale activity highlights strategic positioning ahead of a possible breakout, aligning with expectations of a bullish altseason in 2025.
🔑 Key Support and Resistance Levels: Ethereum is currently trading at $3,320, holding above the 200-day MA at $3,000—a critical long-term support. For ETH to regain momentum, it must break and hold above $3,550 to confirm a renewed upward trend.
📊 Consolidation Ahead? The market may enter a sideways consolidation phase above $3,000, creating a stable base for the next leg up. A strong hold above this level would further boost investor confidence and set the stage for Ethereum to test higher milestones.
🔥 Conclusion: Whale accumulation, solid support at $3,000, and growing institutional confidence point to a bullish outlook for Ethereum. All eyes are on $3,550 resistance for the next significant move! 🚀📉
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