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Ethereum Price Forecast: ETH faces distribution, falters at 50-day EMA
Ethereum is down roughly 3% as of writing on Thursday, reversing gains captured over the past two days. Onchain data paint a mixed picture for the top altcoin, but with a bearish leaning. Over the past week, investors across different cohorts have cracked under pressure. Whales or wallets with a balance of 10K-100K, which have been major buyers throughout the recent downtrend, offloaded 340K ETH between March 24-30. However, whales flipped back to buying on Tuesday, scooping 270K ETH across the past two days. Meanwhile, retailers or wallets with 100-1K and 1K-10K ETH continued distribution, scaling down their ... (full story)
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