Ether Leeum has surged more than 200% since April and has become the highest level of assets in space. The rally predicts that optimism is growing among analysts, and many people can soon reach optimistic investors. The combination of strong foundations, the increase of institutional participation and the favorable legal environment have created a perfect background for the latest surge in Ether Leeum.
One of the most impressive developments that support meetings is that Ether Lee's exchanges have fallen historically at the lowest level. This shows strong long -term holding behavior among investors, reducing the amount of ethics that can be sold, and amplifies the possibility of a rise in higher prices. Institutional interest is particularly noteworthy as large -scale purchases add continuous purchase pressure to the market.
Some analysts are now warning about the possibility of “supply shock”, and this scenario is a scenario where prices can rise as demand is extremely limited. As Ether Lee's network foundation is strengthened and emotions reaches new highs, it can be found to be decisive to decide whether ETH is pushed into unknown territory and set the highest level in this market cycle.
Ether Leeum Whale accumulation plays speculation on institutional purchases.
According to TED Pillows, TOP CRYPTO analyst, the mysterious wallet has purchased an amazing $ 13.4 billion Etherrium for the last eight days and has shown one of the largest single accumulated stripes in recent months. The pillow, which closely tracks the transaction of the wallet, suggests a point of point of the size and consistency of these purchases towards the main institution player or a highly capitalized reality.
The identity behind the wallet is unknown, but this activity has been extensive throughout the encryption community. Some market watchers believe that it may be the result of OTC transactions that can be purchased without a prescription to minimize the impact of the market, while other market monitoring companies can strategically positioned more strategically than major movements. Due to the lack of disclosure, the exact motivation is unclear, but the size of the purchase is increasing the high level of confidence in Ether Leeum's outlook.
Many people see the purchase of whales as a potential catalyst that can accelerate this movement due to historical lowest and institutional demand. On the coming days, you can prove the central part of Ether Leeum's price trajectory. If the market interprets these large influx as the beginning of the institutional accumulation stage, optimistic propulsion can be strengthened quickly.
ETH price analysis: Test resistance near 2021 ATH
Ether Lee (ETH) is traded at $ 4,283, and in 2021, it has a 0.73%profit on the weekly chart as it approaches the main resistance area near the all -time high. This surge follows the rapid rally at the level of $ 2,852, which represents the brake out point of the current upstrend.
The chart shows that the ETH transaction is much higher than the 50 -week SMA ($ 2,768), the 100 -week SMA ($ 2,759) and the 200 -week SMA ($ 2,441), reflecting strong strong momentum and a firm long -term rise. More than $ 3,860 (currently acting as immediate support) can check the market intensity and be the foundation of the next leg.
But the $ 4,300- $ 4,400 area was a historically important inflection point. More than this range of decisive places have caused momentum purchases, opening a way toward unknown territory and opening the potential new all -time high. On the contrary, if you do not break through, you can see that ETH recurs $ 3,860 or sell pressure to $ 3,200.
In this rally, the volume is noticeably picked up, indicating the strong beliefs between buyers. ETH's ability to reinforce with foundations and institutional interests and overcome this resistance can determine whether the next step of bull runs in the next week.
DALL-E's main image, TradingView chart
Editorial process focuses on providing thorough research, accurate and prejudice content. We support the strict sourcing standard and each page is diligent in the top technology experts and the seasoned editor's team. This process ensures the integrity, relevance and value of the reader's content.
