Ethereum Whales Add 1.4 Million ETH as Price Breaks Major Resistance, Nears $3,000
- Whales added 1.4M ETH before price surge, signaling strong bullish conviction
- Golden cross on 12H chart signals rising momentum and increased buying pressure
- Ethereum must hold above $2,200 to maintain uptrend and avoid bearish reversal
Ethereum’s recent price movements have caught the attention of the crypto market, not just for their strength but for what they reveal beneath the surface. Over the past several weeks, major Ethereum holders known as whales have significantly increased their positions, indicating strong conviction in the asset’s future.
These whales, each holding between 10,000 and 100,000 ETH, have been aggressively accumulating since mid-April, just as Ethereum’s price began a steep climb. This pattern, alongside key technical signals, is raising expectations of a longer-term bullish phase.
Whale Accumulation Aligns with Price Breakouts
According to analyst Crypto Rover, large Ethereum wallets added over 1.4 million ETH between mid-April and mid-May. Their holdings grew from 15.8 million to more than 17.2 million ETH.
This accumulation period closely matches Ethereum’s price rally from around $1,600 to over $3,100. Notably…
The post Ethereum Whales Add 1.4 Million ETH as Price Breaks Major Resistance, Nears $3,000 appeared first on Coin Edition.
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Ethereum ETH Traders See More Reasons To Be Bullish On Its Price Right Now
Ethereum (ETH) Bullish Signals Mount: Realized Cap Surges, Exchange Supply Hits Low, Golden Cross Forms
Ethereum Whales Add 1.4 Million ETH as Price Breaks Major Resistance, Nears $3,000
- Whales added 1.4M ETH before price surge, signaling strong bullish conviction
- Golden cross on 12H chart signals rising momentum and increased buying pressure
- Ethereum must hold above $2,200 to maintain uptrend and avoid bearish reversal
Ethereum’s recent price movements have caught the attention of the crypto market, not just for their strength but for what they reveal beneath the surface. Over the past several weeks, major Ethereum holders known as whales have significantly increased their positions, indicating strong conviction in the asset’s future.
These whales, each holding between 10,000 and 100,000 ETH, have been aggressively accumulating since mid-April, just as Ethereum’s price began a steep climb. This pattern, alongside key technical signals, is raising expectations of a longer-term bullish phase.
Whale Accumulation Aligns with Price Breakouts
According to analyst Crypto Rover, large Ethereum wallets added over 1.4 million ETH between mid-April and mid-May. Their holdings grew from 15.8 million to more than 17.2 million ETH.
This accumulation period closely matches Ethereum’s price rally from around $1,600 to over $3,100. Notably…
The post Ethereum Whales Add 1.4 Million ETH as Price Breaks Major Resistance, Nears $3,000 appeared first on Coin Edition.
Read More
Ethereum ETH Traders See More Reasons To Be Bullish On Its Price Right Now