Ethereum is negotiated again at a decisive level after recovering the $ 4,000 mark, an area closely monitored by merchants and analysts. The bulls have managed to defend the $ 4,100 zone, showing resilience after weeks of bird price swings. However, the momentum remains fragile and the ETH needs a decisive push above highest resistance levels to confirm that a change of trend is in progress. Without such an escape, the risk of renewed consolidation remains on the table.
Despite uncertainty in price action, data on the chain offer a more constructive vision of the market. Fresh figures reveal that whales continue to accumulate ETH, even if a wider feeling has wobble. This constant influx of capital of great holders suggests increasing confidence in the long -term perspectives of Ethereum, strengthening the idea that recent corrections can represent opportunities rather than weakness.
Such accumulation has historically preceded renewed periods of force, because investors with a deep pocket tend to build positions during the phases of doubt of the market. If ETH can maintain its taking over $ 4,100 and create a dynamic, whale activity could provide the support necessary to trigger a stronger recovery. For the moment, all eyes remain on Ethereum’s ability to support this critical level and challenge higher resistance areas.
Whale activity signals confidence in Ethereum
The recent action of Ethereum prices has left uncertain merchants, but the behavior of whales tells a different story. According to data on the Lookonchain chain, major holders continue to accumulate ETH despite the recent market drop. In the past hours, two major transactions have highlighted this continuous trend.
A newly created portfolio, 0x93c2 – which, analysts, can belong to Bitmin – received 25,369 ETH, worth around 106.74 million dollars, from Falconx only three hours ago. Such an important influx in a fresh portfolio suggests a strategic accumulation, probably intended for long -term holding or jalititude rather than a short -term exchange. In parallel, another new portfolio, 0x6f9b, withdrew 4,985 ETH (around 21 million dollars) from OKX an hour later. These movements reduce the supply on exchanges, often considered as a bull panel because it limits the immediate sales pressure.
This model highlights a broader market dynamic: while retail traders and small participants react to short -term volatility, whales seem to consider correction as an opportunity. Their accumulation not only demonstrates confidence in Ethereum resilience, but also signals the preparation for the future price appreciation. Historically, the entrances of coherent whales in fresh portfolios have coincided with periods of structural support and possible recovery.
ETH has trouble recovering $ 4,200
Ethereum is negotiating nearly $ 4,138 after a volatile week which saw the price fall below $ 4,000 before bounced. The 8 -hour graph highlights an attempt at recovery, but ETH is now faced with a significant resistance around the level of $ 4,200, where the mobile averages at 100 periods (green) and 200 periods (red) converge. This confluence creates a heavy supply area that the bulls must overcome to further confirm the rise up.
The recent drop in the range of $ 4,600 to $ 4,800 left Ethereum in a fragile state, with a sales pressure intensifying during the decline. The rebound shows resilience, but the price action remains capped by resistance to general costs, retaining prudent feeling. The failure of recovery from the mobile average of 50 periods (blue) earlier underlines the challenge of reverse the amount of lower -term down movement.
Lowering, the $ 4,000 brand acts as the first critical support. Ventilation lower than this level could re -explain the ETH $ 3,800, or even $ 3,600, where stronger demand may appear. For the moment, Ethereum is negotiated in a consolidation phase, and the next decisive decision will probably depend on the question of whether the bulls can force an escape greater than $ 4,200. A higher movement higher would open the door around $ 4,400, while the risk of rejection has renewed the downward pressure.
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