Ether Lee is facing a pivotal test as the market struggles to maintain propulsion as the market is pushing for sales pressure. After losing the level of $ 4,500, the ETH entered a solid integration range, and the bull now had to defend the current level. Analysts warned that if they did not recover $ 4,500 soon, they could soon open a deeper correctional door with a goal of nearly $ 3,900. This growth uncertainty puts weight on emotions, but the system seems to be constantly accumulating.
According to the data from Lookonchain, whales and institutions have purchased about 218,750 ETHs (about $ 998 million) in the last two days. The surge in accumulation is also the center of the expected altar altcoin rally as well as the leading smart contract platform. As capital rotation becomes more and more clear in Bitcoin, institutions appear to be positioning early in Ether Lee's next potential legs.
Despite the pressure, the foundation of Ether Leeum remains a powerful state supported by increasing institutional flow, steady whale activities and increasingly growing defect ecosystems. The battle between the bulls that defend the support and the bears that promote lower levels set the steps of the trajectory of the ETH in the next step of the migration cycle.
Institutional Ether Leeum accumulation strengthens the prospect of strength.
Despite the recent fullback, the institutional flow to Ether Leeum is still powerful. LOOKONCHAIN reported that Bitmine, one of the most active institutional players in this space, purchased 69,603 ETHs worth about $ 300 million in Bitgo and Galaxy Digital.
In addition, the five newly created wallets jointly purchased 102,455 ETHs, worth $ 441.6 million from Falconnex. This large -scale acquisition emphasizes continuous trust in Ether Lee's long -term potential and strengthens the view that the institution is located for the future.
The wave of this accumulation is important for several reasons. First, it emphasizes the growth status of Ether Leeum, especially in the context of capital rotation from Bitcoin to Altcoin. Second, the demand for ETH while the volatility increases, shows that elasticity is maintained. These purchases, which have been greatly executed, suggest that institutional buyers are actively used as an opportunity to expand their exposure as well as being destroyed by short -term modifications.
In other words, the risk remains in the short term. Technically, Ether Reeum must have more than $ 4,200 to avoid clearer reductions. If this level fails, the next meaningful support is near $ 3,900, which is an area where you can invite additional sales pressure before the buyer returns. At present, institutional convictions provide a strong balance of market uncertainty, indicating that the structural demands of Ether Leeum will remain intact and can serve as a skeleton in the next stage.
Ethics is integrated around the main level
Ether Leeum (ETH) is integrated just below $ 4,500 and is currently nearly $ 4,395 after a few days of movement. The chart shows that ETH maintains a tight range between $ 4,250 or $ 4,500, and has a repeated test for both support and resistance levels. This pattern reflects the increase in market unclear as the seller continues to apply pressure while the buyer attempts to defend the structural demand.
The 50 -day moving average (blue line) is slightly higher than the current price and dynamic resistance, while the 100 -day moving average (green line) is about $ 4,313. Continuous sustainability of less than $ 4,250 will be opened for a deeper correction, with $ 3,900. Conversely, ETH must break and hold more than $ 4,500 to check the optimistic momentum and resume the maximum of $ 4,800.
Despite the lack of insufficient price behavior, the wider structure remains constructively, and the ETH transaction is much higher than the 200 -day moving average (red line), which is nearly $ 3,773. This suggests that the long-term strong trend is not damaged, but the immediate view depends on whether the Bulls can defend the $ 4,200-$ 4,250 region. At present, ETH remains integrated, and classification or failure signals have not yet been realized.
DALL-E's main image, TradingView chart
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