Ethereum Whales Hint at Major Bullish Breakout Despite Market Volatility

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.

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.

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