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Ethereum Price Forecast: Whales resume accumulation, but derivatives interest weakens

From fxstreet.com

Whales or wallets holding 10K-100K ETH returned to accumulation over the past week after a brief distribution the previous week. The cohort saw a 230K ETH increase in their cumulative balance. Meanwhile, retailers or wallets holding 100-1K and 1K-10K ETH held steady, maintaining a similar balance as the prior week. Over the past two weeks, investors within this bracket have failed to record major declines in their collective holdings, a stark contrast to their behavior in January and February. A continuation of reduced supply-side pressure from retail investors and steady whale accumulation could strengthen ETH's ... (full story)

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  • Category: Technical Analysis