Ethereum Whales Signal Bullish Breakout Amidst Market Volatility

23.12.2024 253 times read 0 Comments

Ethereum Price Prediction: Whales Buy – Is a Rally Inevitable?

The recent correction in the cryptocurrency market has led to increased uncertainty, with Bitcoin falling back to $35,000 and Ethereum dropping below $2,300. Despite this downturn, some experts suggest it might be a good opportunity for investors to buy at lower prices. Large holders known as "whales" are taking advantage of this situation by purchasing more Ether. According to finanzen.net, ETF issuers like Fidelity and BlackRock have bought over $500 million worth of ETH recently due to rising demand for Ethereum ETFs.

Ethereum Price Indicates Upward Trend – Decline to $3,000 Still Possible

Despite potential signs of an upward trend for Ethereum's price between key psychological levels, analysts warn that a decline is still possible. As reported by Cointelegraph Deutschland, the pseudonymous trader Rekt Capital notes that while Ethereum struggles with resistance around $2,500, support seems firm at the $2,000 level.

The Best Mining Providers at a Glance

» Infinity Hash

From our perspective, currently the best mining provider on the market. With the community concept, you participate in a mining pool completely managed by professionals. A portion of the earnings are used for expansion and maintenance. We've never seen this solved as cleanly anywhere else.

» Hashing24

A well-known and established cloud hosting company. With a good entry point and in a good market phase, a good ROI can also be generated with some patience. Unfortunately, we see the durations as a major drawback.

Ethereum Whales Buy 340,000 ETH: Analysts Expect Bullish Breakout to $4,600

A significant purchase activity from whales within the Ethereum network suggests bullish signals ahead according to Newsbit. Over four days, these large holders acquired approximately 340,000 ETH valued at over one billion dollars during a period when prices were declining.

Ethereum Rises by 10% – Bulls Take Control

An impressive daily gain was noted on Saturday where Ethereum rose by about 10%, marking its largest percentage increase since November as per Investing.com. This surge pushed its market capitalization significantly higher amidst fluctuating trading ranges observed throughout previous weeks.

Sources:

Your opinion on this article

Please enter a valid email address.
Please enter a comment.
No comments available

Note on the use of artificial intelligence on this website

Parts of the content on this website have been created with the assistance of artificial intelligence (AI). AI was used to process information, generate text, and enhance the user experience. All AI-generated content is carefully reviewed to ensure accuracy and quality.

We value transparency and always provide the opportunity to contact us with any questions or feedback regarding the content.

No Investment Advice According to the Securities Trading Act (WpHG)

The content on this website is solely for the information and entertainment of readers and does not constitute investment advice or a recommendation according to the Securities Trading Act (WpHG). The content on this website reflects only our subjective, personal opinion.

Readers are expressly encouraged to form their own opinions regarding the content of this website and to seek professional and independent advice before making any specific investment decisions.

We report on our experiences with the respective providers and receive commissions according to the partner conditions. Our test reports are based on real tests and are documented via screenshots. Proof can be requested at any time.

Article Summary

Despite recent market corrections, Ethereum whales have been buying significant amounts of ETH, suggesting a potential bullish breakout to $4,600; however, analysts caution that resistance around $2,500 could still lead to declines.

The Best Bitcoin Mining Providers at a Glance

» Infinity Hash

From our perspective, currently the best mining provider on the market. With the community concept, you participate in a mining pool completely managed by professionals. A portion of the earnings are used for expansion and maintenance. We've never seen this solved as cleanly anywhere else.

» Hashing24

A well-known and established cloud hosting company. With a good entry point and in a good market phase, a good ROI can also be generated with some patience. Unfortunately, we see the durations as a major drawback.

Bitcoin Mining Provider comparison

  Grafik Produkt Grafik Produkt Grafik Produkt Grafik Produkt
  Infinity Hash Hashing24 Cryptotab Browser Mining NiceHash
Transparent Fee Structure
Low Fees
Energy Efficiency
24/7 Support
Contract Flexibility
Good Customer Reviews
Security Measures
Scalability
Regulatory Compliance
Multiple Locations
Reliable Payouts
Transparent Performance Reports
Renewable Energy
Bonus For New Customers 10% For First Deposit
  To Provider To Provider To Provider To Provider