Strong Buying in Ethereum, Time to Bag ETH
The price of the cryptocurrency market fluctuates significantly, resulting in a liquidation of billions of dollars. After that, the whale seems to be concentrated on Ethereum, which is Ethereum (ETH), the second largest cryptocurrency in the world.
Whale to Etherwood
In the past 24 hours, Encryption market Millions of dollars have seen ETH accumulation. Today, on February 3, 2025, Eyeonchain, a blockchain trading tracker, was released on X (previously Twitter). A whale borrowed a price of $ 28.3 million at a level of $ 2817 to buy 10,000 ETH at a level of $ 2817.
In addition, another wallet belongs to 7 siblings During the decline, 50,429 ETH was purchased, worth $ 126 million, and the average price was $ 2,480.
Despite the purchase of a lot of purchases, the whales have accumulated a lot of ETH in the past 24 hours in the past 24 hours, as the chain analysis company Coinglass reported. Data from spot inflows and outflows show that the outflow value of the exchange is US $ 228 million, indicating potential accumulation.
However, during the market decline, this outflow seems to be an ideal purchase opportunity, which may increase the pressure on purchase and exacerbate further rising rally, and ETH has witnessed this.
Current price motivation
After reaching a level of $ 2,325, Ethereum (ETH) has greatly recovered, reaching $ 2,700, although it has decreased by 12 % in the past 24 hours. However, during the same period, investors and traders showed a strong interest and confidence in tokens, leading to an increase of 270 %.
Ethereum (ETH) technology analysis and upcoming level
According to expert technical analysis, ETH is still lower than the important level of support at $ 2,800, making it more declining, and implies that prices in the next few days have fallen further.
According to the recent price actions and historical momentum, if ETH does not restore a level of $ 2,800, ETH may decrease further.
Although the price has resumed significantly, Ether still trades below the 200 index moving average (EMA) in the daily range, indicating that the assets are still in a downward trend.
