Whales are increasing in anticipation of the high price eth

• The wider Altcoin market, led by Memecoins, soon hinted that it would be a bull breakthrough due to current trade negotiations.

• The ETH/USD followed a similar fractal pattern in the constant launch of the macro bulls to the 2020/2021 cycle.

The price of Ethereum (eth) stabilized about $ 1,583 in the last three days. Altcoin with big drops, with a fully diluted estimate of around $ 192 billion and an average volume of trading of about $ 8.52 billion, hinted at a potential bull’s jump after slowing down the capitulation in the last seven days.

Furthermore, the withdrawal of the prices of gold in the last 24 hours accelerated the rotation of Gotovina to the highly transparent crypto market, which established itself as a reliable alternative investment on the highly unstable stock market that is preoccupied with short -term uncertainty.

The data on the chain shows a sharp stroke of whales that want to accumulate the ether from centralized exchange in the last few days. For example, a wallet -related wallet connected to Metalph withdrew 29k ether, worth almost $ 49 million, from a binance exchange of April 1.

Another whale investor has retiring 46,577 ether, worth about $ 97.26 million, from Gata.Io of February 15th. The second whale investor withdrew the 10,091 ETH, worth around $ 18.8 million, from Beib from March 12.

However, the total demand for the air by institutional investors, guided by the American Spot ETF, remained low. Already Galaxy Digital has deposited the 62,181 ETH, worth around $ 100 million, on various exchanges in the last six days.

Price analysis eth

In a weekly time frame, the price of ether, against US dollar, has been bleeding since mid -December 2024. The most important thing is that the ether has been bleeding on Bitcoin since August 2022. Given that ETH/USD/BTC is also vigorously overturned, robust catalysis can also occur in the near future.

In the daily time frame, the ETH/USD forms a potential reversal pattern, characterized by a symmetrical triangle. As a result, a consistent close to the established fall of the logarithmic trend will launch a rally toward $ 2.1 thousand ahead.

However, a strong correction below $ 1,500 in the coming days will result in further capitulation potentially according to $ 1,290.