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Ethereum (ETH) Recovers With Strong Demand as Whales Target $2,900 Beincrypto 21 घंटे पहले

Ethereum (ETH) Recovers With Strong Demand as Whales Target $2,900 🐋

Ethereum Bybit

Ethereum (ETH) has shown signs of recovery after a sharp decline caused by the Bybit hack, which impacted its price. Despite a bounce-back, ETH remains volatile, down nearly 18% over the past month.

The Relative Strength Index (RSI) for ETH has climbed to 58.6, indicating renewed buying pressure, suggesting a potential shift towards more stable ground.

This positive RSI movement reflects stronger buying momentum and improved market sentiment that could signal upcoming price gains.

Moreover, whale activity has been on the rise, with increased accumulation by addresses holding over 1,000 ETH.

Higher whale activity suggests potential future price appreciation as demand could outstrip supply.

A developing golden cross in ETH's technical indicators could signal a bullish trend, potentially allowing ETH to test price levels around $2,876 and possibly $3,020.

However, failure to break through $2,900 could lead to a dip towards $2,551 or even $2,159 if support fails.

स्रोत: beincrypto.com ↗

समान लेख (7)

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