Ether Whale Sells $13M ETH Yet Price Needs to Reclaim $2.7K for Further Gains
Monday, 12 August 2024, 04:31
Ether Accumulation by Whales
Whales, or large Ether-holding entities, continue accumulating as Ether remains stuck under a key psychological resistance line. A whale has acquired 5,000 Ether (ETH) tokens worth over $12.8 million. Despite this substantial purchase, the price of ETH still encounters hurdles.
Critical Price Levels for Ether
The need to reclaim $2.7K is essential for the next leg of growth, as this price point acts as a significant barrier preventing upward momentum. Without breaking this resistance, Ether's potential for further gains remains limited.
Market Dynamics
- Current Price of ETH
- Whale Activity and Its Implications
- Key Resistance Levels
- Future Price Projections
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.