Ethereum is aimed at $ 3,000: Golden Cross indicates trend reversal, while whales strike and invest $ 800 million in ETFs - does $ ETH break out of his three -year -old dull?
Ethereum is aimed at $ 3,000: Golden Cross indicates trend reversal, while whales strike and invest $ 800 million in ETFs - does $ ETH break out of his three -year -old dull?
Ethereum on the way to the 3,000 dollar brand: Golden Cross forms, accumulate whales, and institutions invest $ 800 million in ETFS
Ethereum, the second largest cryptocurrency after market capitalization, shows signs of possible recovery from its three -year downward trend. In the past few weeks, a so -called "Golden Cross" has formed, a technical signal that often indicates trendy movements. This constellation occurs when the 50-day average crosses the 200-day average, which indicates that a bullish market could potentially develop.
In addition to this technical note, data show that investors who are known as "whales" - i.e. large owners of cryptocurrencies - increase their stocks. This accumulation could be another sign of growing trust in a future price increase of Ethereum.
In addition, institutional investors have played a significant role in the latest market movement by investing a total of $ 800 million in Exchange-Traded Funds (ETFs) related to Ethereum and other cryptocurrencies. This massive capital supply from the institutional sector indicates that interest in Ethereum increases from professional investors, which is considered a positive signal for the market.The crucial question remains, however: Will Ethereum actually break through the $ 3,000 mark? The combination of the golden cross, accumulation by whales and the institutional interest could be the crucial drive to lead the cryptocurrency from its three -year doldrums. Investors and market observers are eagerly pursuing the developments to see whether ETH is able to achieve this important price level and possibly climb new heights.
Overall, the current market conditions and the behavior of the large investors show that Ethereum could be at a turning point. The coming weeks will be decisive for the direction in which the course will develop.