Ether Lee has been at a record high since it has surged to $ 4,700 at the most powerful price since November 2021. Bulls has been steadily controlled as a momentum building after gaining steady profits for several weeks after the market optimism. The rally was ashamed of ETH at the highest level of $ 4,860, which is a brake out point that allows you to guide the long -awaited price discovery stage.
It is surprising to add a plot to ARKHAM Intelligence, a blockchain analysis platform known to irritate the individual and the company behind the blockchain wallet and the transaction. According to their discovery, a prominent person lost access to his wallet with more than $ 1.1 billion Etherrium. The loss comes from the forgotten or accessible credentials, and effectively closes the property that will not enter the market unless it is recovered.
As you have high emotions and technologies, traders are closely watching whether ETH finally surpasses the best and can enter a new chapter in market history.
Ether Leeum is more like a historic brake out with the story of the 1B Lost Wallet.
Arkham Intelligence unveiled an amazing chapter in Etherum's history, emphasizing both the potential and danger of the initial cryptocurrency investment. According to their reports, the famous Estonian investor and entrepreneur Rain Lohmus spent $ 75,000 to ETH during the early coin operation (ICO) in early 2015.
This coin, which was purchased when Ether Lee is still in the early stages, will be worth more than $ 1 billion today. Unfortunately, Lohmus has lost access to the wallet and cannot permanently access property unless he is restored. It is almost inconspicuous that there is no credibility.
This story is superficial at the pivotal moment of Ether Leeum. The assets are $ 4,700 ($ 4,700), trading at $ 4,700 within $ 4,700 within $ 4,700, and market epidemiology is getting more and more advantageous to bulls. The supply of (OTC) desks that can be purchased without exchanges and prescriptions is rapidly built, which is a powerful indication of powerful accumulation from retail and institution players. Less amounts of coins can be sold, so especially if the demand is strong, the rise price pressure is strengthened.
Ether Lee is on the verge of entering the unknown territory, and the larger Altcoin market shows a sign of a new life that is fueled by ETH leadership. The next few days can be important for determining whether Ether Lee is decisively higher.
Price analysis: The highest resistance ever
Ether Lee (ETH) has increased by 10.52% in the latest session to $ 4,699 on the weekly chart, because optimistic momentum pushes its assets to nearly $ 4,860. The recent rally has been a strong support due to the decisive escape of more than $ 3,860.
Technically, ETH has a much higher transaction from 50 weeks of SMA ($ 2,776), 100 weeks SMA ($ 2,763) and 200 weeks for SMA ($ 2,443) and reflects a strong long -term trend. The slope of the 50 -week SMA has changed rapidly, emphasizing the strength of the current movement. The vertical characteristics of the brake out in the range of $ 2,852- $ 3,860 emphasize the strong purchase pressure supported by institutional flow and reduced exchange of exchange.
If ETH can close more than $ 4,860, the price discovery began for the first time since November 2021, and it can trigger the accelerated profits as momentum traders and long -term investors are added to the position. However, the range of $ 4,700 to $ 4,860 remains a major resistance area where profits can be temporarily slowed down.
DALL-E's main image, TradingView chart
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