Ethereum (ETH) Price: Whales Accumulate as $2,800 Resistance Looms 🐋
Ethereum is experiencing a phase of consolidation, with its price fluctuating between $2,650-$2,750. The key resistance level is identified at $2,800, as analysts predict a potential surge to $3,000-$4,000 driven by technical patterns.
In a bullish indicator, whales have amassed 430,000 ETH over a span of three days, reflecting strong institutional interest. Furthermore, 74% of ETH holders have retained their holdings for over a year, and about 62% are currently in profit.
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