Ether Lee (ETH) decreased 13.6% last week due to the rising tension between the Middle East, especially Israel and Iran. Despite the recent sluggish prices, Ether Leeum Whale sends a signal to signal a long -term recovery of digital assets.
Ether Leeum Whale does not sprout despite the recent losses.
According to a recent encryption Quicktake post by MIGNOLET, a technical merchant, ETH WHALES has not been experienced recently. Price tag In Cryptocurrency. In particular, digital assets fell from $ 2,869 on June 11 to mid -2,200 when writing.
Unlike the double top pattern observed in 2021, Ether Leeum suggests that the current data does not create similar movements, given that the transaction leaks are significantly increased when the whale exits near the top.
Analysts shared the next comparison chart showing that the spike of ETH withdrawal in the wallet in the previous market cycle generally showed a major drop in prices. However, these spikes suggest that they are currently absent from exit activities.
Crypto analyst TED Pillows in recent posts in X addition The additional support for this opinion states that Ether Leeum Whale is actually purchasing deep. According to the analyst, on June 21, the wallet, which had more than 10,000 ETH, added more than $ 265 million ETH.
Nevertheless, the pillow warned that ETH could soon visit the $ 2,100 support if it did not exceed the $ 2,350 resistance. If you do not maintain this level, your assets can be reduced to $ 1,800.
On the other hand, the encryption merchant Merlijn trader provided a more optimistic take. Analysts compared Ether Leeum's current price behavior with the accumulation stages between 2019 and 2021, and said, “ETH for five paintings is not a dream.”
Heritage brewing for ETH?
Technical indicator indicate In order to increase the second largest cryptocurrency by market cap, some market experts argue that ETH may be on the verge of falling before the ETH resumes optimistic trajectory.
For example, inexperienced encryption market expert AKSEL KIBAR recently Mentioned The ETH may be preparing for a significant period of downturn. Analysts gave a clear warning to ETH, where ETH may fall to $ 900.
Similarly, sales volume for ETH Threat It interferes with the positive price momentum of digital assets. In the press time, ETH is traded at $ 2,233, up 2.4% over the last 24 hours.
The main image of unsplash.com, Cryptoquant, X and TradingView.com charts
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