Ethereum whales have accumulated over $1.08 billion in ETH, with addresses holding 1,000 to 10,000 ETH adding 330,000 tokens in just two weeks. Despite this, retail interest has waned, and while analysts see potential for a bullish breakout towards $5,000, Ethereum must first overcome the $4,100 resistance level.
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0 posts last weekEthereum whales accumulate significant ETH as price targets rise to 5000 dollars
Ethereum whales have accumulated 330,000 ETH worth over $1.08 billion in just two weeks, hinting at a potential bullish revival despite a recent drop in crowd sentiment. Analysts are observing an inverse head-and-shoulders pattern that could propel ETH towards the $5,000 mark, contingent on breaking the $4,100 resistance level. However, retail interest remains low, with a significant decline in transaction volumes compared to previous years.
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