Ethereum Price Surge Expected with Whales' Accumulation Revealed
Monday, 20 May 2024, 10:00
Ethereum Whales Boost Price Outlook
Ethereum's price is experiencing upward momentum fueled by substantial accumulation by whales, especially those holding between 100,000 and 1 million ETH.
- Key Whale Accumulation: Whales have added over 390,000 ETH, valuing $1.26 billion, enhancing the altcoin's bullish scenario.
- Retail Investor Influence: Retail investors holding millions of ETH also play a significant role in driving recoveries and dips.
Positive Price Predictions
ETH is currently above the crucial support level, anticipating a potential rally towards $3,500 supported by the breakout from the descending wedge pattern.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.