π₯ Whales Pause Selling, Signaling Recovery
Ethereum failed to break $2,500, pulling back to $2,354. However, whale addresses (10K-100K ETH) have stopped selling after offloading 640K ETH ($1.5B) last week, reducing selling pressure.
π Long-Term Holders Show Confidence
Ethereumβs Liveliness indicator remains flat, indicating long-term holders (LTHs) are no longer selling. If LTHs continue holding or accumulating, ETH could build momentum for a breakout.
π Key Price Levels to Watch
ETH is attempting to hold $2,344 as support. A push above $2,549 could trigger a rally to $2,654, potentially consolidating near $2,814. However, losing $2,344 may lead to a drop toward $2,170, invalidating the bullish outlook.
β οΈ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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