Ethereum at the turning point: buy whales massively and signal the beginning of a possible bull market
<p> <strong> Ethereum at the turning point: buy whales massively and signal the beginning of a possible bull market </strong> </p>
Ethereum (ETH): Signs for the beginning of a bull market
In the past few weeks, various indicators show that Ethereum (ETH) may be at the beginning of a bull market. The massive purchase of ETH through so -called "whales" and the emigration of Ethereum from the crypto borns is particularly remarkable, which indicates that investors have confidence in cryptocurrency. Analysts are optimistic and predict a trend reversal after a difficult phase for the market.
range of ETH on stock exchanges historically low
The past few months have been challenging for many cryptocurrencies, including Bitcoin (BTC) and other old coins. Ethereum suffered particularly strongly and has lost more than half of its value since mid -December 2024. The course fell from $ 4,100 to $ 1,900. In the meantime, however, the Altcoin has recovered and reached the price of $ 2,092.03-an increase of 9.32 percent within one week.
The emigration of billions of bills to Ethereum from the stock exchanges is considered a positive signal. It indicates that investors do not plan to sell their ETH at short notice, which leads to a historical low of the offer. Such a low offer could lay the foundation for an upcoming price rally.
buy whales massive ETH
At the beginning of March, Whales began to buy Ethereum to a large scale. According to reports, around 1.1 million ETH, worth around $ 2.4 billion, were acquired within 48 hours. In addition, the number of ETH-Whales has increased: According to data from Glassnode, the number of wallets increased with a stock of at least $ 100,000 in ETH from just over 70,000 on March 10 to over 75,000 on March 22nd.
It is particularly worth mentioning that smaller whales that hold between 10,000 and 100,000 ETH actively accumulate. According to Nicolai Sondergaard, analyst at Nansen, these wallets bought ETH almost exclusively. Analysts predict that the massive purchase through Whales indicates that the market is still in the accumulation phase, and some even assume that a price record of $ 7,000 could be within reach.course brands and resistance levels
Several analysts have identified decisive course stamps and potential resistance levels. Rekt Capital, a well-known crypto analyst, emphasizes that Ethereum has to recapture the "macro range" of $ 2,200 to $ 3,900 in order to initiate a real relaxation. Sjuul from Altcryptgems sees $ 2,100 as the next obstacle and identifies $ 2,800 as an important resistance zone.
Overall, the current developments on the Ethereum market show that both the offer and the purchase interest increase. This suggests that a bull market could be in prospect, which is optimistic of both investors and analysts.