Ethereum Price Surge Expected with Whales' Accumulation Revealed

Monday, 20 May 2024, 10:00
Ethereum's price breakout from a descending wedge is likely to propel to $3,500 as whales accumulate large amounts of ETH. Investors are optimistic as the altcoin targets key price levels supported by bullish indicators. The impact of whales and retail investors on price movements intensifies Ethereum's potential rally.
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Ethereum Price Surge Expected with Whales' Accumulation Revealed

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.

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