Ethereum Price Forecast: Whales buy the dip, but institutional and US demand remain absent
From fxstreet.com
Ethereum (ETH) large holders have leveraged the price dip from the past two weeks to expand their holdings. Wallets with a balance of 10K-100K ETH have added roughly 510K ETH to their collective balance since June 5, when the top altcoin approached the $1,500 level. This dip-buying pressure has partly helped push ETH toward $1,800. On the other hand, retail investors or wallets with a balance of 100-1K and 1K-10K ETH recorded minimal changes in their holdings during the same period, indicating that the cohort remains largely on the sidelines, neither contributing to buying nor selling pressure. “Ethereum's ...
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